Land for sale in Stuart Street, Bedfordshire LU1, £3,200,000

3,200,000.00

Offer Nr.:
61546966
Type of ad:
for Sale
Property type:
Land
Contact name:
Colliers International Residential
Phone(s):
020 3463 0385

* 60 en suite bedroom hotel (business closed)
* Approximately 30, 000 sq ft floor area arranged over lower ground to third floor
* Sale includes 2 retail units, currently leased for a combined rent of £47, 500 per annum
* Centrally located property suitable for conversion (subject to planning) to range of uses
* Car park for 16 vehicles
The Stuart Hotel occupies on a prominent position, with part of the property
fronting the arterial A505 (Stuart Street) but also with a pedestrian entrance
off Upper George Street.
Previously operated as hotel, the business has been closed for at least 2
years. The property has remained vacant since and now offers an opportunity
for a new owner to reopen it as a hotel or (subject to planning) redevelop it
for alternative use. For example, residential or student accommodation.
Luton is a bustling town and one of the largest in Bedfordshire with an
estimated population of 213, 000. Located around 32 miles north of central
London, it is home to the University Bedfordshire and around 15, 000 students.
The town has long standing links with Vauxhall; their Luton plant being one of
their largest focussed on the production of commercial vehicles.


Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: