Development Opportunity for sale

Julia Court, Bishopscote Road, Luton, LU3 1UR

Contact Agent

Call Agent 07475 233091

Marketed by

S.R. Wood & Son Luton

Hitchin Oxen Industrial Estate, Oxen Rd, Luton LU2 0DX

Properties for sale Properties to let

Under Offer

Julia Court, Bishopscote Road, Luton, LU3 1UR

1 of 3

POA

Julia Court, Bishopscote Road, Luton, LU3 1UR

2000 sq. ft (185.81 m²)

Contact Agent Call Agent 07475 233091

Key features

Prominent Position
Development Potential (STPP)
Income Producing
Parking

Description

The subject premises comprises a former house which is converted into two 1-bedroom apartments plus a new build block of apartments comprising four 1-bedroom apartments. Total six apartments.
Five of the six apartments have seen their ground leases extended to 999 years with a peppercorn ground rental. One apartment has seen their ground lease extended to 125 years from 2020 paying £150 per annum ground rent.
It is our opinion that, subject to planning, a roof top extension (over two floors) could be created to provide a further four apartments.
Our client owns one of the 1-bedroom apartments which is for sale. This is currently let at £750 per month, i.e. £9,000 per annum and can be sold with or without vacant possession.

Reference: 335138_sales

Download Sales Details

All commercial properties for sale in Luton

Marketed by

S.R. Wood & Son Luton

Hitchin Oxen Industrial Estate, Oxen Rd, Luton LU2 0DX

Properties for sale Properties to let

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