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

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Find commerical property for sale in LU1 that meets your business or investment goals

More details for 25-33 & 35-37 Hastings Street, Luton, – Office for Sale, Luton

25-33 & 35-37 Hastings Street, Luton,

  • Office for Sale
  • £950,000
  • 4,638 sq ft
  • 2 Office Properties

Luton Portfolio of properties for Sale

The subject premises comprise two detached commercial buildings, each arranged over ground and first floor. Externally there is an enclosed yard and forecourt parking. The premises have been used for office and light industrial purposes for many years and are now available with vacant possession. They would suit a variety of uses under User Class E. For example: office, light industrial, gymnasium, leisure, gym, etc. Other uses may be suitable STPP.

Contact:

S R Wood & Son Ltd

Date on Market:

06/05/2026
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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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LoopNet UK Bedfordshire Luton Commercial Properties For Sale in LU1, Luton, UK

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FAQs About Commercial Property For Sale in LU1

See All Properties For Sale
How many commercial properties are currently available for sale in LU1?
There are currently 5 commercial properties available for sale. Sizes range from to , with an average size of. Available opportunities may include offices, retail premises, industrial properties, mixed-use assets and development sites.
How much does commercial property cost in LU1?
The average asking price is approximately per sq ft, with prices ranging from to per sq ft. Property values will vary depending on location, size, condition, tenant status and market demand.
What factors influence commercial property values?
Property values can be affected by location, building quality, asset size, lease terms, tenant covenant strength, redevelopment potential and local market conditions. For investment properties, income generation and yield are also important considerations.
What types of commercial property are available to buy?
The market may include offices, retail units, industrial properties, warehouses, land, mixed-use buildings and specialist assets. Availability will vary depending on location and current market conditions.
What should I consider before buying commercial property?
Key considerations include location, accessibility, property condition, planning permissions, lease arrangements, operating costs and future growth potential. Buyers should also understand any legal, environmental or structural issues that could affect value or usability.
What is rental yield and why does it matter?
Rental yield measures the income generated by a property relative to its purchase price. Investors often use yield to compare opportunities, although it should be considered alongside factors such as tenant quality, lease length and potential for capital growth.
Can I buy commercial property for my own business?
Yes. Many buyers purchase commercial property to occupy themselves rather than as an investment. Owning premises can provide greater control over operating costs, security of tenure and the potential to benefit from future capital appreciation.
Do I need a commercial mortgage?
Many buyers use commercial finance to fund acquisitions. Deposit requirements, lending terms and borrowing costs vary depending on the property, the buyer's circumstances and the intended use of the asset.
What due diligence should I carry out before buying?
Due diligence typically includes reviewing title documents, planning permissions, leases, service charge information, environmental matters and building condition reports. Professional legal and surveying advice is strongly recommended before completing a purchase.
What are the risks of buying commercial property?
Potential risks include market fluctuations, vacancy periods, tenant default, maintenance costs, planning restrictions and changes in local demand. Thorough due diligence and effective asset management can help reduce these risks.
Can overseas buyers purchase commercial property in the UK?
Yes. International buyers can purchase commercial property in the UK, although additional legal, tax and regulatory considerations may apply. Professional advice should be obtained before proceeding with a transaction.
What additional costs should I budget for?
In addition to the purchase price, buyers should budget for Stamp Duty Land Tax, legal fees, surveys, finance costs, insurance and any refurbishment or fit-out works that may be required.

Discover More Commercial Properties for Sale in the LU1, Luton

You searched for commercial property for sale in LU1. Explore 5 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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