Description

LOCATION

Luton is a vibrant market town with a population of over 200,000 residents and businesses and is situated approximately a 1hour drive to London or a 30-minute train ride from Luton to St Pancras International Station.

Luton is conveniently accessed via junction 10 and 11 off the M1 motorway making it easy to get to access Luton. Luton is home to League One team Luton Town Football Club and London Luton Airport, is one of England’s major airports.

DESCRIPTION

In the heart of Luton's Biscot Mill neighbourhood, a recently decorated unit serving as a coffee bistro/restaurant benefits from a prime location and heavy daytime foot traffic.

This is a fantastic opportunity because it specialises in coffee and offers the option of 2 weeks of training from the former tenant and 2 certified baristas.

You will be taking over a lease from an existing tenant that still has three years remaining and has neither a break provision nor a rent review. Current lease is 2 years.

Outdoor seating is also planned for this property; the premium includes all equipment and is negotiable.

Parking is available outside the building for free as well as nearby for a fee.

Secured with a Zap machine, a Verisure Alarm system, and fire safety gear.  

Currently open Monday through Friday from 8 a.m. to 8 p.m. and on Saturday and Sunday from 10 a.m. to 6 p.m., however the hours can be amended to open until 11 p.m. every day.

AREA SIZE           

Restaurant Area m²: L 16.381m2 x W9.034m2

Basement Area m²: 2.577m2 x 5.427m2

Areas quoted are approximate and should not be held as 100% accurate.

RENTAL TERMS

• Rent: £1500pcm
• Premium: £60,000 negotiable
• Personal Guarantee required
• VAT: Applicable
• Service Charge: No
• Lease term:3 Years

You will need to cover all Legal fees including the exiting tenant and landlord fees – £TBC

BUSINESS RATES

Rateable value: £10,500 - 

(This is not the amount you pay. It is used to calculate your business rates bill)

The current multiplier for 2022/2023 49.9p payable.  Interested parties are advised to contact Luton Borough Council

Monthly Gross: £15 to 20k Per month (opening 5 Days 8am – 8pm and weekends 10am – 6pm)