Dunstable Road, Luton LU4 – Luton
Shop, retail unit for sale
£750,000 1,000 sq ft
Entrance is made into the main retail area with co
Warren Anthony Commercial are delighted to bring to the market this family run business for over 31 years and award winning newsagent/convenience store and off licence which is well known in the area for specialising in magazine sales and also benefits from the National Lottery. Entrance is made into the main retail area with counter to the right with a tobacco kiosk behind whereas to the left there is a newspaper and magazine display and a refrigerated multi deck and the centre there is racking and shelving and to the rear there is a store room, parking with 2 bedroom upper part currently rented on a short hold tenancy achieving Â£9,600 per annum. The premises are prominently located on this popular parade on the busy Dunstable Road in the Bury Park area of Luton. The premises are located within walking distance to Luton Town Football Ground and the surrounding premises are a takeaway restaurant, halal butchers, Asian sweet mart, barber and beauty salon. Also Asia jewellery shop, Asian grocers and Asian clothes shop. Use A1/A2. Premium Â£70,000 subject to contract for the benefit of the lease, fixtures and fittings. Rental Â£28,000 per annum exclusive. Available either freehold for a price of Â£750,000 subject to contract or leasehold it is available on a new full repairing and insuring lease for a term to be agreed subject to periodic rent reviews. Business rates we are that the business rates are Â£7,891.91 per annum. However, it is recommended that all interested parties make their own enquiries to the local rating authority at Luton. Size 1,000 sq ft approx. Opening hours open 7 days a week 7 am - 10pm. Staff family run. Upper part it comprises a 2 bedroom duplex maisonette currently let on a short hold tenancy and achieving Â£9,600 per annum and benefits from a garage. Turnover with we understand a current turnover in excess of Â£364,000 per annum approx. Accounts available on request. Legal costs with each party to be bear their own legal costs. Local authority Luton. Warren Anthony will charge a fee of Â£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.
This shop, retail unit for sale is located in Luton.