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.
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.
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.