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B&M Luton

Wingate Road, Luton, LU4 8PX

Summary

• LOCATION
  Luton
• SECTOR
  Retail Warehouse
• SIZE
  25,783 sq ft
• SITE AREA
  1.5 acres
• TENURE
  Freehold
• TENANT
  B&M Retail Limited
• TERM
  5.2 Years
• PASSING RENT
  £252,048 Per Annum
• PASSING RENT
  £9.78 per sq ft
• PRICE
  3.7 Million
• NIY
  6.40%
• CAPITAL VALUE
  £144 per sq ft

More Information

• LOCATION HIGHLIGHTS

  The property occupies a prominent position on Wingate Road, just 1.9 miles north of Luton town centre and 1.2 miles east of Junction 11 of the M1. The area surrounding the property comprises a densely populated residential area and a mix of commercial uses, including industrial, retail warehousing and trade counter uses.

• DESCRIPTION HIGHLIGHTS

  The property comprises a purpose-built solus retail warehouse of steel portal frame construction with part brick, part steel cladded facade beneath a pitched steel roof. There is a garden centre and service yard along the eastern boundary. Fronting the property is a large customer car park providing approximately 71 parking spaces.

• TENANCY HIGHLIGHTS

  Let to the excellent covenant of B&M Retail Limited. Listed on the FTSE 100 with a Turnover of £3.15 billion. The lease provides a further 5.2 years unexpired. The passing rent reflects a low level of only £9.78 per sq ft.

Gallery

Prime low rented retail warehouse with development potential

ADS RE Ltd (ADS RE) on its own behalf and on behalf of the vendors / lessors of the properties whose agent ADS RE is, gives notice that:1 (a) All particulars provided are given as a general outline only for the guidance of the intending purchaser, lessee or tenant, and do not constitute in whole or in part, an offer of contract for sale or lease; (b) Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility. None of the statements contained in these particulars as to the property are to be relied upon as statements or representations of fact; (c) The vendor / lessor does not make or give, and neither ADS RE nor any of its members or any person in its employment has any authority to make or give any representation or warranty whatsoever in relation to any properties. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor / lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor / lessor and a purchaser or tenant. 2 Prospective purchasers / lessees or tenants should not rely on any particulars provided and are strongly advised to; (a) Satisfy themselves by inspection or otherwise as to the correctness of each statement contained in these particulars; (b) Inspect the property and the neighbouring area; ensure that any items expressed to be included are available and in working order; (c) Arrange a full measured, structural (and where appropriate environmental) survey of the property; and (d) Carry out all necessary searches and enquiries. March 2021