Property description
A rare opportunity to acquire a modern 3 story commercial building comprising of an open plan vacant retail unit on the ground floor with A3/A5 planning permission, currently vacant. The first floor is occupied by a beauty therapist with a passing recent of £9,000pa and second floor 3 one-bedroom flats on ASTs generating a combined income of £16,920pa. First floor tenant occupying on expired lease (holding over), suitable for conversion to residential (subject to planning).
ACCOMMODATION
Ground floor unit (gross) 3648 sq ft (338.87 sqm)
First floor 1269 sq ft (117.89 sqm)
Second floor Unmeasured
The above areas are measured on a gross internal area basis and are approximate only.
LOCATION
Prominently situated on the edge of Dunstable town centre facing on to West Street (B489), the principle route west from Dunstable towards Tring and Aylesbury with large public car park approximately 100 metres.
The town of Dunstable has a population of approximately 36,000 and draws a catchment also from the neighbouring town of Houghton Regis (population of approximately 17,000) together with a number of prosperous nearby villages. Recently opened guided bus route / translink facility links Dunstable to Luton town centre, mainline rail station and London Luton International Airport. M1 access (J11) approximately 2 miles.
SERVICES: Mains drainage, water, electricity and gas.
TENURE
Ground floor Vacant
First floor Tenant holding over, lease expired on, passing rent £9,000pa
Second floor 3 x 1 bedroom flats Assured Shorthold Tenancys combined income of £16,910pa
Price: £549,000
Please Note: Option also to purchase ground floor only; refer to agent for more details.
RATEABLE VALUE
From the Valuation Office Agency website the rateable value as of 2010 rating list is Ground Floor - £35,000 and First Floor - £11,750. The Council Tax Band for the flats E to F fall within Band A. Interested parties should contact the business rates department of Central Bedfordshire Council on 0300 300 8000 for further information.
VAT: All prices quoted are exclusive of VAT. Applicants to satisfy themselves as to applicable VAT situation.
VIEWING: Strictly by appointment via owners sole Agent: Alexander & Co: Commercial & Industrial: 01582 699990.
EPC Ratings: C