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39-45 Chapel St 742 sq ft Retail Unit Offered at £242,500 in Luton LU1 5DA
Investment Highlights
- Located in one of the largest towns in the UK without city status
- Located within Luton town centre, within walking distance of George Street, Luton Point (shopping mall) and the University of Bedfordshire
- Benefits from exceptional connectivity via the A505, A6 and M1 (J10, J11 & J11A)
- Heavy daytime foot traffic
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Net Initial Yield | 7.42% |
| Sale Type | Investment |
| Net Initial Yield | 7.42% |
| Tenure | Long Leasehold |
Description
The retail premises forms part of the ground floor of a purpose built apartment block. For many years it has been used as a 'second hand' shop. It would suit a variety of uses under User Class E and has potential to divide into two retail units.
Sale Notes
The investment produces a rental income of £18,000 per annum on a five-year term, with tenant rent review at year three, providing an approximate yield of 7.42%. VAT is not applicable, and the current Rateable Value (April 2026) is £17,500.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 41-45 | 742 sq ft | Retail | £242,500 (£326.82/sq ft) | £17,993.50 |
Unit 41-45
| Unit Size |
| 742 sq ft |
| Unit Use |
| Retail |
| Price |
| £242,500 (£326.82/sq ft) |
| NOI |
| £17,993.50 |
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Unit 41-45
| Unit Size | 742 sq ft |
| Unit Use | Retail |
| Price | £242,500 (£326.82/sq ft) |
| NOI | £17,993.50 |
| Sale Type | Investment |
| Net Initial Yield | 7.42% |
| Tenure | Long Leasehold |
| Description | |
| The retail premises forms part of the ground floor of a purpose built apartment block. For many years it has been used as a 'second hand' shop. It would suit a variety of uses under User Class E and has potential to divide into two retail units. | |
| Sale Notes | |
| The investment produces a rental income of £18,000 per annum on a five-year term, with tenant rent review at year three, providing an approximate yield of 7.42%. VAT is not applicable, and the current Rateable Value (April 2026) is £17,500. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 3,250 sq ft | Floors | 4 |
| Property Type | Retail (Unit) | Typical Floor Size | 813 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1990 |
| Costar Property Class | B | Total Plot Size | 0.02 ac |
| Total Property Size | 3,250 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 813 sq ft |
| Year Built | 1990 |
| Total Plot Size | 0.02 ac |
Amenities
- Signage
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Nearby Major Retailers
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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39-45 Chapel St
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