Description

FOR SALE – PRIME RETAIL PREMISES (VACANT)

45 Chapel Street, Luton, LU1 5DA

Price: £275,000 (Long Leasehold – 999 Years, Peppercorn Ground Rent)

An outstanding opportunity to acquire a vacant ground floor retail unit in a highly visible and well-connected location in Luton town centre. Previously operating as an antique shop, the premises now provides a blank canvas for owner-occupiers or investors seeking a strong income-producing asset.

With excellent frontage and a flexible open-plan layout, this property is perfectly suited to a variety of retail, showroom, studio, or service-based businesses.

Key Features

• Vacant possession – immediate occupation or letting potential
• Large shop frontage – strong visual presence to passing footfall
• 746.19 sq ft ground floor retail space
• Flexible layout adaptable to multiple business uses
• Separate kitchen area
• Disabled WC
• Fire exit access
• Prime town centre location with high footfall and visibility

Investment Potential

• Estimated rental income: £16,000 – £20,000 per annum
• Attractive gross yield potential: approx. 5.8% – 7.2% based on asking price

Tenure

• Long leasehold – 999 years
• Peppercorn ground rent (nil)
• Long, secure tenure with minimal outgoings

Location

Positioned on Chapel Street, a well-established commercial area in Luton town centre, benefiting from steady pedestrian flow and close proximity to local amenities and transport links.

Enquire today to arrange a viewing

Sabbi Bains: 07894 414046

Sam Bains: 07850 520642