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68 Wellington Street, LU1 5AA
£675,000
Bathrooms
Reception
STUNNING LARGE OFFICE SPACE AVAILABLE FOR SALE/LEASE
CONTACT US NOW FOR LEASE OPTIONS!
Myestate are proud to offer these offices spaces on George Street West , which located on a very prominent site next to the main High Street in Luton Town Centre. The office is a short walk to Luton train station, Luton Town centre, and only a couple minutes drive from J10 of the M1.
A beautiful grade II (2) listed building. This property consists of 9 offices and a
reception area and a basement for storage. It has parking for 8 cars on the
premises.
Basement consists of 3 storage areas
Ground floor consist of 3 large offices, 1 small office, kitchen and a large reception area
First floor consists or 5 large offices
Freehold
Commercial use
Parking
The area benefits from its proximity to Junction 10 of the M1 motorway, and the M25 motorway Junction 21 is located 12 miles from Luton. Luton has regular rail services to London and the Midlands and offers a choice of three separate railway stations being Luton Parkway Airport, Luton and Leagrave. A typical train journey from London to Luton will take approximately 30 minutes.
Interior: The building is very large, providing ample space for any prospective business wishing to acquire a sizeable premises. At the main entrance of the building, there is a welcoming reception desk, with nearby large stairs. Each floor of the premises is large , enabling any prospective business to partition and reconfigure according to their particular requirements. Each floor has a bathroom for staff and a kitchen on the ground floor. There are large windows providing ample sunlight throughout the whole building,
Exterior: The building occupies a very prominent position near the town centre - the building is situated by the main High Street of Luton where there are a large number of pedestrians passing by everyday. The building benefits from a sizeable courtyard with parking.
Additional Information: Luton is a vibrant, multicultural and cosmopolitan community. Here are some of the facilities Luton has to offer: Museums, Theatre and Cinema Complex, Biggest European Carnivals also the Town Centre which has a wide variety of shops and markets which is only couple of minutes away.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
68 Wellington Street, LU1 5AA
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