Commercial Property in LU1 available for sale
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Commercial Properties for Sale near the LU1, Luton

Explore the Latest LU1 Commercial Property for Sale

More details for 500 Capability Green, Luton - Office for Sale

500 Capability Green

Luton, LU1 3LU

  • Office for Sale
  • £29,095,000
  • 77,723 sq ft
  • Air Conditioning
  • Natural Light
  • Security System
  • 24 Hour Access
  • Kitchen
  • Reception
  • Smoke Detector

Luton Office for Sale

An opportunity to acquire a prime office investment pre-let to an occupier who boasts group revenue in excess of €20bn. The building is scheduled to undergo a substantial refurbishment to provide a Grade A office fully repositioned for the future. The building extends over ground and two upper floors with a full height central atrium entrance. Originally built in 1989, the building commands a strong position on the park, close to the amenity offering, and boasts 416 car parking spaces reflecting a superb ratio of 1:191 sq. ft. TUI Travel Limited have signed an agreement for lease to commence once the refurbishment has completed. This FR&I lease is for a term of 15 years with a fixed rental uplift at the end of year 5 (equivalent to 2% pa compounded growth) and an Open Market Rent Review after year 10. This agreement was based upon the IPMS-3 floor areas with 50% of the reception area rentalised. Offers sought in the region of £29,095,000, subject to contract and exclusive of VAT on either: 1. a forward commitment to purchase the investment upon practical completion of the refurbishment works. 2. a full forward funding basis. A purchase at this level reflects a net initial yield of 7.50% increasing to 8.41% by way of a fixed rental uplift in 5 years’ time. Yields are quoted net of purchaser’s costs at 6.8% although we envisage savings can be achieved via an appropriate funding structure.

Contact:

Cushman & Wakefield

Date on Market:

15/10/2024

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Commercial Properties for Sale Within 5 miles of the LU1, Luton

More details for 53 High Street South, Dunstable - Retail for Sale

53 High Street South

Dunstable, LU6 3SF

  • Retail for Sale
  • £300,000
  • 1,308 sq ft
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More details for Mancroft Rd, Caddington - Land for Sale

Mancroft Rd

Caddington, LU1 4DG

  • Land for Sale
  • £425,000
  • 7.50 ac Plot
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More details for 36 High St S, Dunstable - Retail for Sale

36 High St S

Dunstable, LU6 3HA

  • Retail for Sale
  • £275,000
  • 484 sq ft
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More details for 18 Compton Av, Luton - Health Care for Sale

18 Compton Av

Luton, LU4 9AZ

  • Health Care for Sale
  • £1,400,000
  • 4,037 sq ft
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More details for 208-210 Toddington Rd, Luton - Light Industrial for Sale

208-210 Toddington Rd

Luton, LU4 9DZ

  • Light Industrial for Sale
  • £800,000
  • 1,310 sq ft
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FAQs about Commercial Properties For Sale in LU1

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How many Commercial Property listings are available for sale in LU1?
There are currently 3 Commercial Properties available for sale near LU1. These LU1 Commercial Property listings have an average size of. The largest available listing in LU1 is. The thriving commercial centre and excellent transport links in LU1 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in LU1?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in LU1 currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in LU1?
There is a diverse range of commercial properties available in LU1 to suit various business needs. LU1 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 3 LU1 commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the LU1, Luton

You searched for commercial property for sale in LU1. Explore 3 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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