5 Bedroom Mixed Use for Sale
Waller Avenue, Luton
Offers in Excess of £600,000
Offers in Excess of £600,000
Key Features
- Prime Location
- Off Road Parking
- Investment Yield over 5%
- Investment Opportunity
- 1,1016 sq. ft of Zone A Space
Full Description
Venture Commercial are proud to present this incredibleopportunity to buy a large property comprising of a spacious groundfloor retail unit and a 5 bedroom house. The property benefits fromoff-road parking and Class C3, E(c)(i) and E(a) use.
The ground floor retail unit measures 1,313 sq. ft (approx.) andcomprises of 1,016 sq. ft (approx.) of Zone A space with tiled floorsand double glazed windows to the front and side elevation of theproperty. The property also benefits from staff toilets and storagespace to the rear and first floor of the property.
The 5-bedroom house comprises of a Kitchen and Lounge to theground floor and 5 bedrooms to the first floor alongside a showerroom and a bathroom. The property also benefits from a sizeablegarden and double garage to the rear of the property.
The retail unit is currently tenanted with 9 years remaining on thelease and sees a rental income of £14,000 per annum whilst the 5-bedroom house is offered vacant with the prospect of achieving arental income of £1,500 per calendar month (£18,000 per annum)giving a total income circa £32,000 per annum. The commerciallease also has a rent review every 4 years with the next review duelater in 2023 giving an opportunity to increase the total rentalincome of the property.
If fully tenanted, the property is likely to give a investment yieldabove 5%.
Contact us at Venture Commercial for more information and toarrange a viewing
More Information from this agent
This property is marketed by:
4.9/5 rating
(154 Reviews)
Venture Residential - Luton, Luton, LU4
Agent Statistics (Based on 154 Reviews) :
- 95% valuation accuracy
- 95% recommend
- 99% fee satisfaction
Request details
or Call: 01582 249155
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