Retail premises for sale in Alma Street, Luton LU1, £325,000

325,000.00

Offer Nr.:
63890776
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Venture Commercial
Phone(s):
01582 955311

* Freehold
* Luton Town Centre
* Investment Opportunity
* Current Rental Income: £21, 000 per annum with an option to increase
* Investment Yield circa 6. 5%
Venture Commercial are pleased to offer to the market this incredible
Investment opportunity in Luton Town Centre. The property comprises of a
commercial unit with class E use to the ground floor currently used as a
crepes house and a two - bedroom duplex apartment above and is offered with
Tenants in situ.
The property is currently achieving a rental income of £10, 800 per annum for
the commercial unit and £10, 200 per annum for the residential apartment above
equating to £21, 000 which provides an approximate rental yield of circa 6. 5%.
The Landlord has informed us that the commercial unit is due a rent review
providing a potential to achieve a higher investment yield.
Situated in Luton town centre the property benefits from being a short walk to
The Mall and other local amenities, as well as being in close proximity to
Luton central station with access to central London in under 40 minutes.
To arrange a viewing or for further information please call .

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