MapRetail property (high street) for sale
Waller Avenue, Luton LU4
Retail property (high street)
5 beds
957 sq ft / 89 sq m
Features and description
- Tenure: Freehold
- Prime Location
- Investment Opportunity
- Off Road Parking
- 1,1016 sq. ft of Zone A Space
- Investment Yield over 5%
Venture Commercial are proud to present this incredible
opportunity to buy a large property comprising of a spacious ground
floor retail unit and a 5 bedroom house. The property benefits from
off-road parking and Class C3, E(c)(i) and E(a) use.
The ground floor retail unit measures 1,313 sq. ft (approx.) and
comprises of 1,016 sq. ft (approx.) of Zone A space with tiled floors
and double glazed windows to the front and side elevation of the
property. The property also benefits from staff toilets and storage
space to the rear and first floor of the property.
The 5-bedroom house comprises of a Kitchen and Lounge to the
ground floor and 5 bedrooms to the first floor alongside a shower
room and a bathroom. The property also benefits from a sizeable
garden and double garage to the rear of the property.
The retail unit is currently tenanted with 9 years remaining on the
lease and sees a rental income of £14,000 per annum whilst the 5-
bedroom house is offered vacant with the prospect of achieving a
rental income of £1,500 per calendar month (£18,000 per annum)
giving a total income circa £32,000 per annum. The commercial
lease also has a rent review every 4 years with the next review due
later in 2023 giving an opportunity to increase the total rental
income of the property.
If fully tenanted, the property is likely to give a investment yield
above 5%.
Contact us at Venture Commercial for more information and to
arrange a viewing
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Property information from this agent
About this agent
Venture Residential are a refreshing local independent estate agency focused on bringing London buyers to Luton. This ensures us to achieve the maximum value for our properties and in most cases receiving asking price offers or above. We are a fast growing company with over 25 years combined experience in the property market and all of our team have extensive knowledge about Luton and the surrounding areas. We personalise our service to each client as we understand no two properties are the same and appreciate that each individual client has different needs with selling their property. We will guide you through some of the most difficult decisions buying and selling your property to make it as stress-free as possible. We are proud to offer an excellent service to all of our clients with a great reputation and satisfied vendors. Our expert negotiators have played a big part in our success by having the motivation and drive to go the extra mile for our vendors. If you are thinking of selling or just wondering what your property is worth we will be happy to arrange a free valuation.
