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6B Dunstable Rd 340 sq ft Retail Property Luton LU1 1DX £135,000 (£397.06/sq ft) 8.44% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prominent corner position
- Luton Point Shopping Centre nearby
- Located on retail parade with good passing traffic
EXECUTIVE SUMMARY
A ground floor single storey mid-terrace retail investment located on Dunstable Road.
The property comprises of a single storey mid terraced retail unit which provides a ground floor retail space. It has the benefit of being double fronted, electric central heating system, A/C, kitchen and WC.
The unit is currently let to a renowned local hairdressers on a FRI lease for a term of 8 years commencing from the 1st June 2021 with a passing rent of £11,400 per annum. There are coterminous rent reviews and break clauses in every third year of the term and on the 31st of May 2029.
The property comprises of a single storey mid terraced retail unit which provides a ground floor retail space. It has the benefit of being double fronted, electric central heating system, A/C, kitchen and WC.
The unit is currently let to a renowned local hairdressers on a FRI lease for a term of 8 years commencing from the 1st June 2021 with a passing rent of £11,400 per annum. There are coterminous rent reviews and break clauses in every third year of the term and on the 31st of May 2029.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
340 sq ft
Costar Property Class
C
Year Built
1923
Price
£135,000
Price per sq ft
£397.06
Yield
8.44%
NOI
£11,400
Tenancy
Single
Number of Floors
1
Plot ratio
0.68
Total Plot Size
0.01 ac
Frontage
15 ft on Dunstable Road
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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6B Dunstable Rd
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