* High Yielding Investment
* Mixed Use Retail/Residential
* Town Centre Location
* Development Potential (subject to planning)
* Fully Let - Producing £19, 296 per annum
* Rent Reflects 9. 6% giy on Guide Price
* No VAT
**Strapline**
Auction Sale - 18/07/2023
High Yielding Mixed Use Investment Opportunity
Fully Let Retail/Residential Investment Producing £19, 296 per annum
**Description**
The property comprises an end terrace property arranged across ground, first
and second floors.
The ground floor is arranged as a single retail unit let to a cafe, whilst the
upper parts are arranged as a single residential unit let to a private
individual.
The property enjoys a prominent frontage to Alma Street, an established
retail/residential street.
**Location**
The property is located at the periphery of Luton Town Centre and is well
located for all local amenities. The Galaxy retail/leisure centre is 0. 1 miles
to the north whilst the Mall Shopping Centre is 0. 2 miles to the east.
**Tenancy**
The ground floor retail is let on a lease at a rent of £8, 496 per annum (£708
pcm)
The residential upper parts are let on an AST producing £10, 800 per annum
(£900 pcm)
**Planning**
The property could be suitable for extension/development (subject to obtaining
the requisite consents). This would likely include first and second floor
extension to the rear and may allow for provision of two residential units to
the upper parts.

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