Commercial Property
New Bedford Road, Luton, Bedfordshire LU1 1SE
£4,000,000
23 July 2025
GUIDE PRICE
AUCTION DATE
Calling all season investors!!!! This block has masses of rental income with the current owner getting over £300,000 per year!!!! This rare investment comprises of 26 apartments!!!! This is not one to be missed!!! This rare exceptional freehold investment opportunity consisting of 26 self-contained apartments and large commercial unit in the heart of Luton Town Centre. 23 apartments are one bedroom and 3 apartments are two bedroom. Each apartment is totally self-contained with its own entrance, bathroom, bedroom(s) and kitchen. This purpose built block stretches across five floors and boasts a secluded private garden area for selected apartments and another potential roof-top garden (as it was in the past). Both the front and back entrance lobby areas lead to a wide staircase which runs through all five floors of the building. There has been a significant investment of time and money in the last two years to refurbish and modernise the premises. Each apartment has a contemporary interior feel with high quality integrated appliances. All properties have oak effect fire-doors and chrome effect fittings. The ground floor consists of a large modern retail unit currently trading as a supermarket. Fully refurbished, with significant expenditure, in autumn 2014. The unit is fully tiled with a suspended ceiling. The retail unit has a double automatic door together with brand new digital CCTV, fire and security systems. Internally there are several isles, includ
New Bedford Rd., Luton
Guide Price
£4,000,000
Auction Date
23 Jul 2025
End Time
13:50
Venue
Online
Auctioneer
IAM Sold
Connells
Unit 7, Diamond Court, Newcastle upon Tyne, NE3 2EN
0345 646 0302
About IAM Sold
iamsold, part of the iamproperty Group, is the largest residential auctioneer in the UK and pioneer of the Modern Method of Auction (MMoA). iamsold works with a network of 2,500 Partner Agents as an expansion of their business, enabling them to provide auction services to their clients and grow their business.