Property for sale in George Street, Luton

Property - £800,000

George Street, Luton

Could this be your next home?

Request viewing to see more of this property
Request viewing
Need a mortgage to purchase this home?
View my affordability

First listed on: 13th November 2021

Nearest stations: Luton (2.6 mi)Leagrave (2.6 mi)Luton Airport Parkway (2.8 mi)Harpenden (5.2 mi)Harlington (6.6 mi)

Interested in this property? Call See phone number 01582 249155

Property Features

  • Planning Approved for construction of 10 flats with further 3 flats under permitted development
  • Estimated GDV of £2.9m+ (with current Planning Permission)
  • Direct Transport links by rail to Central London in under 40 mins and is just 5 mins walk from Luton

Property Description

Tenure: Leasehold

Luton Town Centre Development Opportunity. Planning Permission granted for the conversion of 10 residential units plus 3 further units by way of permitted development fronting the prestigious George Street in Luton.

We have been instructed on the sale of the long leasehold interest in the Property on a 999-year lease basis. The Property being offered consists of 741 sqm of space on the second and third floors of the Mall in Luton with planning permission for the conversion of 10 residential dwellings and 3 further dwellings by way of permitted development. We are marketing the Property based on the following considerations and the Property area being the Second Floor and Third Floor of the Mall - 741* m2 of space with planning for residential dwellings and 99.3m2* of D1 space.

The vendor has confirmed that the Property will be sold with the benefit of the current planning permission reference: 19/01498/FUL. The planning has been approved by the local authority however the local authority and vendor are finalising the terms of a s106 agreement which the sale will also take place subject to.

The Property is located on the main high street in Luton Town Centre and has excellent, direct transport links by rail to central London in under 40 mins and is just 5 mins walk from Luton Train Station. The development is in close proximity to Junction 10 of the M1 Motorway and London Luton Airport. 

The current planning comprises of 2x one bedroom, 6x two bedroom and 2x three-bedroom flats with the addition of 3 further dwellings under permitted development on the second and third floors. We estimate that the current GDV of the Second and Third Floors for the total of 13 units being in the region of £2.9m+. 
Luton Town Centre Development Opportunity. Planning Permission granted for the conversion of 10 residential units plus 3 further units by way of permitted development fronting the prestigious George Street in Luton.

We have been instructed on the sale of the long leasehold interest in the Property on a 999-year lease basis. The Property being offered consists of 741 sqm of space on the second and third floors of the Mall in Luton with planning permission for the conversion of 10 residential dwellings and 3 further dwellings by way of permitted development. We are marketing the Property based on the following considerations and the Property area being the Second Floor and Third Floor of the Mall - 741* m2 of space with planning for residential dwellings and 99.3m2* of D1 space.

The vendor has confirmed that the Property will be sold with the benefit of the current planning permission reference: 19/01498/FUL. The planning has been approved by the local authority however the local authority and vendor are finalising the terms of a s106 agreement which the sale will also take place subject to.

The Property is located on the main high street in Luton Town Centre and has excellent, direct transport links by rail to central London in under 40 mins and is just 5 mins walk from Luton Train Station. The development is in close proximity to Junction 10 of the M1 Motorway and London Luton Airport. 

The current planning comprises of 2x one bedroom, 6x two bedroom and 2x three-bedroom flats with the addition of 3 further dwellings under permitted development on the second and third floors. We estimate that the current GDV of the Second and Third Floors for the total of 13 units being in the region of £2.9m+. 
Read more

Useful Statistics In Your Area

We have collected some useful information to help you learn more about your area and how it may affect it's value. This could be useful for those already living in the area, those considering a move or a purchase of a buy-to-let investment in the area.

Price Trends

Local Statistics

Property Location

Property Street View

Price History

Listed prices are those submitted to us and may not reflect the actual selling price of this property.

Date History Details
14/12/2021 Property listed at £800,000
14/11/2021 Property listed at £950,000

Disclaimer

Disclaimer Property reference F56D07294E6EF5_11228753. Details are provided and maintained by Venture Residential. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

9 Compton Avenue

Luton

Bedfordshire

LU4 9AX

Telephone: See phone number 01582 249155

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

Disclaimer

Disclaimer Property reference F56D07294E6EF5_11228753. Details are provided and maintained by Venture Residential. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

Mortgage Calculator

Calculate the cost of a mortgage for your new home based on available data.

£ 0 per month
How much could I borrow?
Thinking of selling or renting your property?
Get a instant valuation today!

This property is marketed by

9 Compton Avenue

Luton

Bedfordshire

LU4 9AX

Telephone: See phone number 01582 249155

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability

Free Instant Valuation

Find out more about the value of your property

Register For Free

Create an account for free today to unlock some great features of Net House Prices.

Arrange Viewing Arrange Viewing with Agent Check Affordability Check Affordability
Show Sidebar
Free House Valuation

More Information Instant House Valuation With your local agents