Bedfordshire, LU2 0HS

Warren Anthony Commercial are delighted to bring to the market this fully let Commercial Investment producing circa �40,000 per annum approx subject to increase in July 2019 comprising currently 4 individual commercial units to include on ground floor 1 x Taxi Office, 2 x Takeaway Restaurant (let as a whole) and on the first floor office space with at appeal planning permission for the erection of a new second floor extension to provide additional office space and increase in the height to the existing extraction system but not yet added.

The building constructed some 10-12 years ago it occupies a very prominent position on Midland Road at the entrance/foot of the central railway bridge leading to Luton Station with the busy town centre nearby with its many well known multiple and local traders, bars, coffee shops and restaurants.

Also the M1 motorway and A5/A6 close by.

5 Midland Road - Takeaway Restaurant formerly the Curry Time, Fish & Grill Takeaway - Currently vacant but soon to re-open as one unit with the Peri Peri Grill House at 7 Midland Road - 265 sq ft approx/24.64 sq m approx - Rateable Value �2,200

7 Midland Road - Takeaway Restaurant - Currently trading as the Peri Peri Grill House an individual unit soon to increase in size to include 5 Midland Road - 518 sq ft approx/48.14 sq m approx - Let now as one unit 5 & 7 Midland Road on a new full repairing and insuring lease for a term of 6 years from 1 July 2018 expiring in July 2024 with 3 yearly upward rent review at a rental of �19,800 per annum exclusive �1,650.00 per calendar month rising on 1 July 2019 to a rental of �22,200 per annum exclusive/�1,850.00 per calendar month - Rateable Value �10,000

7 Midland Road - Taxi Office - Trading as Skyways Cars - 165 sq ft approx/15.39 sq m approx - Let on a full repairing and insuring lease for a term of 20 years from April 2016 expiring April 2036 with 3 yearly upward only rent reviews at a rental of �9,000 per annum exclusive/�750.00 per calendar month - Rateable Value �3,800

7A Midland Road - First Floor Office - Occupied by the Vape Station - 667 sq ft approx/62 sq m approx - Let on a full repairing and insuring lease for a term of 5 years from 29 September 2017 expiring in September 2022 at a rental of �10,800 per annum exclusive/�900.00 per calendar month - Rateable Value �5,500

Therefore, currently providing a total income of �39,800 per annum exclusive rising on 1 July 2019 to �42,200 per annum exclusive to be added to subject not only to any rent review but on completion of the second floor extension once built and let

Price �650,000 subject to contract for the freehold with the benefit of income producing currently �40,000 per annum approx and planning permission for a second floor extension which once built will then add to the investment already received.

VAT to be confirmed.

Energy performance certificate to be made available.

Legal costs to be confirmed.

Local authority Luton Borough Council.

Warren Anthony will charge a fee of �250 plus VAT for taking up references for any proposed tenant. This fee is non refundable after the references have been applied for whether they are accepted or not by the landlord.

A holding deposit will be required to secure the property. The deposit will buy a period of exclusivity and will be held in the Warren Anthony client account.

Any fixtures, fittings, equipment, machinery and plant which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition.

Warren Anthony for themselves for the Lessors, Vendors and their agents give notice that,

1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.

2. These details do not constitute any part of an offer or contract.

3. All statements or details contained within these particulars are without any responsibility on any part to Warren Anthony.

4. All rent, prices, fees and

Important Notice

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.