LEASEHOLD INTEREST ONLY

The demise available is ground, first and second floors with the approximate floor areas as below. The ground floor was previously occupied by customer facing bank branch, with upper parts as storage and staff rooms. A strongroom is located on the ground floor with an ATM to the front of the property, on the right hand side. Tenure The property is held on an existing FRI lease due to expire 16 April 2022 at a passing rent of £30,000 per annum exclusive with no rent reviews contracted before the end of the lease.  The lease is held inside the security of tenure provisions of the Landlord and Tenant Act 1954. Consideration Offers invited on the basis of assignment or sub-lease at a rent of £30,000 pa. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £27,404.00 and the rates payable are £12,770.26 pa. The UBR for 2017/2018 is 46.60p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The property is located in the village of Stopsley, approximately 2 miles north-east of Luton, and approximately 4 miles north east of Junction 10 of the M1. The property is located on a well-let high street, adjacent to national occupiers including Ladbrokes and Co-Op Food Stores, a district centre for local consumers.  A promap is on the reverse of these particulars identifying the property.
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Sizes and Measurements

Total Size

3,872sqft

Sales Area

1,628sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,628sqft

Status

Available

Available from

Now

First Floor Ancillary

Details

Non-Sales

Size

1,125sqft

Status

Available

Available from

Immediately

Second Floor Ancillary

Details

Non-Sales

Size

1,119sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Available from

Immediately

Lease End

16/04/2022

Lease type

Assignment

For rent

£30,000/pa

UBR

46.6p

Ratable Value

£27,404.00

Business Rates

£12,770.26/pa

Specification

  • Prominent Corner position
  • Former Bank premises – A2 consent
  • Flexible lease terms available

Floorplan

Photos

LUTON STOPSLEY HITCHIN ROAD 620-622.PIC

Map Data
Map data ©2017 Google
Map DataMap data ©2017 Google
Map data ©2017 Google
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