3 Ashwell Parade, Luton, LU3 3AZ

Location

Ground floor mid-terraced commercial investment property. Internally, the accommodation is arranged to provide a retail sales area to the front with ancillary accommodation/storage to the rear. The ground floor is currently let to a convenience store at a rental of £11,400 per annum on a 15 year lease expiring 2028. The upper floor comprises a self-contained residential maisonette (Use Class C3), which has been sold off by way of a long leasehold interest. We are advised that the long leaseholder has no obligation to pay ground rent, service charge, or contribute to any estate management costs under the terms of the lease. The freeholder retains no financial benefit or control over the upper parts aside from the reversionary freehold interest.

Summary

Key points

• Ground floor retail
• Currently let - income producing
• Upper floor residential sold off on long leasehold
• For sale

Read More