Ashwell Parade, Luton, Bedfordshire, LU3

Ground floor retail

Currently let - income producing

Upper floor residential sold off on long leasehold

For sale

Ground floor mid-terraced commercial investment property. Internally, the accommodation is arranged to provide a retail sales area to the front with ancillary accommodation/storage to the rear. The ground floor is currently let to a convenience store at a rental of £11,400 per annum on a 15 year lease expiring 2028. The upper floor comprises a self-contained residential maisonette (Use Class C3), which has been sold off by way of a long leasehold interest. We are advised that the long leaseholder has no obligation to pay ground rent, service charge, or contribute to any estate management costs under the terms of the lease. The freeholder retains no financial benefit or control over the upper parts aside from the reversionary freehold interest.

The Property is prominently situated at Ashwell Parade, Luton, within a well-established neighbourhood retail parade serving the surrounding residential catchment. The parade benefits from consistent local footfall and on-street customer parking immediately to the front. The area is well connected, with good access to Leagrave Road and nearby public transport links, including Leagrave Station, which provides direct services to London St Pancras. Nearby occupiers include a mix of independent retailers and service providers, contributing to the localised commercial appeal of the location.