Morrisons M Local, Luton

 

323 Ashcroft Road, Luton, LU2 9AE

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £55,000
  • Lease Term: 15 years from 15/07/14
  • VAT applicable?: Yes
  • RPI-linked rent reviews

Property Description

  • Freehold blue-chip, convenience store investment
  • Recently refurbished former pub trading as a ground floor retail unit with first floor ancillary accommodation
  • The building sits on a large plot and benefits from 15 car parking spaces

Location Description

  • Luton is Bedfordshire's prime commercial centre and has an estimated district population of 250,000.
  • It is 10 miles north of St Albans, and 33 miles north of Central London, and is home to London Luton International Airport, which is easily accessible from the M1 motorway.
  • The property is located in Ashcroft Road, in a busy residential area

Additional Notes

  • The first floor is not being used by the tenant and may be suitable for development purposes upon expiry of the lease

Tenancy & Accommodation Schedule

Tenancy & Accommodation Schedule

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