The large bustling town of Luton, just 30 miles north of London, boasts a thriving population of 225,000 residents.
Bling, Church Street, LUTON, LU1 2TA
LATE BAR
TO LET
Summary
- Bar over 3 floors
- Town centre location next to entrance to Luton Point
- Totalling 3,849 sq ft
- Three separate trade areas over 3 floors
- Direct access to Luton Point
- LEASE FOR SALE OR MAY SUB-LET
Location
The property commands a strategic position next to a key entrance of the vibrant Luton Point shopping centre, directly across from the busy Church Street bus stops. Surrounded by a dynamic mix of leisure businesses, this location is perfect for a successful pub or food venture.
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Property
Ground floor bar with additional trading levels at first and second floors plus a flat at third floor, providing the following accommodation and areas:
- Ground Floor Main bar, office & storage
- 1st Floor Bar, storage & cellar
- 2nd Floor Bar, kitchen & WC’s
- 3rd Floor Flat
From digital mapping we estimate that the property provides the following approximate areas:
- Total Area 3,849 sq ft 358 sq m
Terms
The entire property is held by way of a lease for a term of 75 years from 20 February 1995 at a current rent of £34,000 per annum, subject to a rent review in 2025 and five yearly thereafter. Our client is willing to consider offers on the basis of an assignment of the leasehold interest or on the basis of a new sub-lease for a term to be agreed.
Viewing
For further information or an appointment to view contact sole agents Drake & Company.
Rating Assessment
2023 Rateable Value – £24,750. Interested parties are advised to verify this figure with Luton Borough Council on 01582 546000.
Energy Performance Certificate
A copy of the EPC is available on request and the property is rated ‘E110’.
Legal Costs
Each party is to be responsible for their own legal costs incurred in the transaction.
