Prime Luton site expected to fetch almost £4million at auction
and live on Freeview channel 276
A valuable Luton site with planning permission is to be sold at auction on December 15 with a guide price of between £3.75 and £4 million.
The vacant 3.46 acre plot is located on Laporte Retail Park on Dallow Road and has full planning permission for a 34,000-sq ft trade counter/industrial warehouse development with car parking.
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Hide AdThe development is based on a 15-year lease with a tenant-only break option at year 10 and an annual starting rent of £517,000, but this will be for a purchaser to conclude.
Acuitus auctioneers spokesperson David Margolis said: “This is an exceptional investment opportunity to buy a prime development site in a strong location.
"It will appeal to both developers and owner-occupiers.”
The auction will take place at 1.30pm on December 15 and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
> For more information visit acuitus.co.uk/properties