Commercial property for sale in Luton, England

ASKING PRICE £140,000..... GDV £350,000, GROSS PROFIT £100,000, GROSS PROFIT MARGIN 28.6%, GROSS MONTHLY RENT £1,500, GROSS ANNUAL RENT £18,000, GROSS RENTAL YIELD 7.2%..... CONSTRUCT NEW BUILD DWELLING PROJECT..... CREATE 1 x 2 BEDROOM DETACHED BUNGALOW (GIA 50m2)..... SOLID FINANCIALS WITH LOW RISK Key [Anticipated] Financial Figures: £350,000 GDV Gross Profit £100,000 Gross Profit Margin 28.6% Gross Monthly Rent £1,500 Gross Annual Rent £18,000 Gross Rental Yield 7.2% Strong both Sales and Lettings Return on Investment Other Important Financial Information: No CIL Fee No Restrictive Covenant Fee No Section 106 Fee Section 184 Fee Agreed Minor Demolition Pre-Works Build Over Agreement In Place Covenant / Planning Insurance In Place ('On Risk') Proposed Internal Details: GIA 50m2 Side Entrance / 'Front' Door Generous & Light Entrance Hall Spacious Open Plan Lounge-Diner and Kitchen, with Bi-Fold / Concertina Doors to Rear Garden 2 Equal Sized Double Bedrooms, with Storage Space 3 Piece Bathroom Built-In Storage Proposed External Details: Large Private Enclosed Rear Garden 93m2 Side & Rear Access Paved Side Footpath from Front to Rear Patio Area Turfed Lawn Waste & Recycling Bin Storage Area 2 Side-By-Side Parking Spaces to Front Location: LU3, Luton - Barton Hills Area Nicely Positioned at the Head Of The Street Quiet Cul-De-Sac Highly Desirable Area / Much Sought After Location Established Community Lovely Neighbours Good Transport Links Local Amenities: Sainsbury's Supermarket Petrol Station Doctors Surgery Pharmacy Pub-Restaurant, Fish & Chip Shop, 7am-10pm Convenience Store 'Around the Corner' Bramingham Park Bus Stops: Hourly To / From Luton Town Centre and Leagrave Train Station / The L&D Hospital Envisaged Exit Strategy: Rare Availability Anticipated Quick Re-Sale / Easy Re-Finance and Let Of Particular Appeal to Retirees, Down-Sizers, Single Occupants, Pet Owners, Disabled Access Required Neighbours interested in Purchasing / Renting Possibility to class as a Self-Build deemed as Principal Private Residence (PPR) Capital Gains Tax (CGT) Zero Rated (0%) upon Re-Sale if classed as Principal Private Residence (PPR) Plentiful Sales / Lettings Comparables, Proving the Anticipated GDV, Available Upon Request General Summary: Pleasant Scheme, Well Designed Convenient Internal Layout Thoughtful External Layout Straightforward & Uncomplicated Build No Hidden Fees or Charges Simple and Achievable Exit Strategy Options Worthwhile Investment Financially: Solid Financials with Low Risk Agent's Notes: 1. All information in this listing relating to this property contained has been supplied to us by the Vendors; 2. The Vendors - an Architect and an expert in obtaining Planning Gain - are Open, Honest and Helpful; 3. Standard Sale / Purchase only, the Vendors will not entertain any Joint Venture / Lease Option offers; Further Information/Contact: Please call Alan Hilditch, Director, at Satchells (Baldock Office) to discuss or request further information.

Commercial property for sale in Luton, England

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