The Cross Way, Luton LU1

For sale £20,000 657 sq ft
5 days ago. Warren Anthony
Full address
The Cross Way, Luton LU1 - Luton
Contact details
Asking price
Property type
Shop, retail unit for sale
Kitchen, Storage
657 sq ft

• The premises are prominently located in a parade i
• The premises comprise a single fronted shop unit t
Warren Anthony Commercial are delighted to bring to the market this shop unit currently trading as a newsagent and run by the current owners for the last 38 years approx. The premises are prominently located in a parade in a large residential area and situated on The Crossway in Farley Hill, Luton also close by two local schools. The premises comprise a single fronted shop unit trading as a newsagent, sweets, confectionary, soft drinks, tobacco, toys and stationary only. Newspapers are counter sales only but the buyer can do deliveries if there is demand, as there are over 400 houses nearby. The business has we understand a very loyal customer base within the local community. The shop unit has a large storage room, kitchen, WC and good sized rear gated yard. Use A1 (Shop). Premium £20,000 subject to contract as a guide price for the benefit of the lease and location. Rental £4,000 per annum exclusive. The current lease runs until November 2019 (15 years lease term). It is we understand a protected lease so has the legal right to renew. Landlord is Luton Borough Council. Business rates Nil. However, it is recommended that all interested parties make their own enquiries to the local rating department at Luton. Size 657 sq ft approx. Opening hours Monday to Friday 6.30 am to 5.30pm. Closed for lunch 1-3pm every day and Wednesday is half day only. Saturday and Sunday 7 am to 5.30pm with lunch in between and Sunday is also half day only. Staff owner managed. Turnover with we understand a current turnover in excess of £130,000 per annum approx with we believe a healthy margin circa 20/21%. Accounts available on request. Local authority Luton. Legal costs with each party to be responsible for their own legal costs. Energy performance certificate with an energy performance asset rating of 68 - C with a copy of this property's energy performance certificate it is available on request. Warren Anthony will charge a fee of £250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord. A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account. Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition. Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that, 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony. 4. All rent, prices, fees and charges are quoted exclusive of VAT. Viewing through Warren Anthony Commercial by prior appointment only.

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National rail 1.6m Luton
Nearest airport 4.2m London Luton

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