Property for Sale

Land at Collingdon Street, Luton

£650,000

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Key Features

Prime Development Opportunity with Planning Permission granted in Luton Town Centre
Estimated GDV: £2,025,000

Planning Permission granted for the erection of two blocks of apartments with a total of 9 apartments
Located in a popular area on the outskirts of Luton Town Centre, the University of Bedfordshire and Luton Train Station

Full Description

Venture Residential are pleased to present this outstanding development opportunity in the heart of Luton. The Land benefits from approved planning permission for the erection of two blocks of apartments comprising of a total 9 apartments. Please click on the link below or refer to planning reference 20/00252/FUL on the Luton Borough Council Planning website for further information.

https://planning.luton.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=Q6ARJ7KGL5V00

Size and estimated GDV:

PropertySize (Sqm) Actual Achieved Price (£)
1 Bed Flat42 190,000
1 Bed Flat45 190,000
1 Bed Flat37 185,000
1 Bed Flat42 190,000
2 Bed Flat70 230,000
2 Bed Flat77 235,000
3 Bed Flat98 275,000
3 Bed Flat88 265,000
3 Bed Flat89 265,000

Total 588 Sqm £2,025,000

The New Build Development spans just under 588 sqm and currently is being used as a Car Park. Vacant Possession will be provided by the Vendor on completion.

Once built, the Property will be comprised of 4 x 1 bedroom flats, 2 x 2 bedroom flats and 3 x 3 bedroom flats with an estimated GDV of £2,025,000.