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6B Dunstable Rd 340 SF Retail Building Luton LU1 1DX $251,088 CAD ($738.49 CAD/SF) 8.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent corner position
- Luton Point Shopping Centre nearby
- Located on retail parade with good passing traffic
EXECUTIVE SUMMARY
A ground floor single storey mid-terrace retail investment located on Dunstable Road.
The property comprises of a single storey mid terraced retail unit which provides a ground floor retail space. It has the benefit of being double fronted, electric central heating system, A/C, kitchen and WC.
The unit is currently let to a renowned local hairdressers on a FRI lease for a term of 8 years commencing from the 1st June 2021 with a passing rent of £11,400 per annum. There are coterminous rent reviews and break clauses in every third year of the term and on the 31st of May 2029.
The property comprises of a single storey mid terraced retail unit which provides a ground floor retail space. It has the benefit of being double fronted, electric central heating system, A/C, kitchen and WC.
The unit is currently let to a renowned local hairdressers on a FRI lease for a term of 8 years commencing from the 1st June 2021 with a passing rent of £11,400 per annum. There are coterminous rent reviews and break clauses in every third year of the term and on the 31st of May 2029.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
340 SF
Building Class
C
Year Built
1923
Price
$251,088 CAD
Price Per SF
$738.49 CAD
Cap Rate
8.44%
NOI
$21,203 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.68
Lot Size
0.01 AC
Frontage
15’ on Dunstable Road
AMENITIES
- Signage
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NEARBY MAJOR RETAILERS
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6B Dunstable Rd
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