Apartment for Sale

High Town Road, Luton

Offers in Excess of £350,000

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Key Features

Amazing Mixed Use Investment and Development Opportunity in Luton Town Centre
Over £20,000 annual income currently

Approved Planning Permission to erect an additional 1 bedroom studio flat
Close Proximity to Luton Town Centre & Luton Train Station

Full Description

Venture Residential are pleased to present this investment opportunity by way of a mixed use property, comprising of a ground floor commercial Class E (A5) unit measuring at 688 sq ft (approx.) with an additional basement and a spacious first floor 1-bedroom flat.

This property also comes with approved planning permission for the erection of a 1-bedroom studio flat above the current 1-bedroom flat. Please refer to planning reference: 17/01825/FUL on the Luton Borough Planning Portal for more information.

With tenants in situ, this property is currently benefitting from a £20,160 per annum income from the lease of the commercial unit and first floor flat. However, with the approved planning permission and the ability to raise the rent on the current flat, that figure could be increased.

Contact us at Venture for more information and to arrange a viewing now.

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