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Mixed use for sale
Luton LU1
£425,000
Luton LU1
£425,000
Price History
Initial price | £475,000 |
02/07/24 | £425,000 |
Price Change | -10.53% |
Description
This mixed-use property in Luton's town centre offers an investment opportunity, comprising a ground floor Indian restaurant and a 3-bedroom maisonette above. The restaurant, with a class E use, measures approximately 924.35 sq ft and features a seating area, open-plan kitchen, and storage rooms. The basement provides additional storage space. The maisonette, with a class C3 use, measures approximately 514.37 sq ft and features an open-plan kitchen/living area, bathroom, and three double bedrooms. Both premises are currently occupied on separate tenancies, with the restaurant leased for £18,000 per annum and the maisonette rented for £13,200 per annum, generating an annual receipt of £31,200.