1 bed property

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1 bed property

Leagrave Road, Luton, Bedfordshire LU4
£900,000

Our Summary

  • Exceptional Freehold Investment Opportunity in Bury Park – MixedUse Property for Sale
  • •Ground Floor Flat E: A compact 238 sqft (22 m2) studio apartment (STPP) at the rear, currently vacant, offering significant income potential once let
  • Total Rental Income: £52,200 per annum, with further potential to increase through:
  • •Immediate potential to grow income by letting the vacant Ground Floor Flat E
  • This is a Rare and Lucrative Investment Opportunity

Description

This exceptional freehold investment opportunity is located in Bury Park, Luton, a thriving commercial district with a high-visibility position on Leagrave Road. The property comprises a 972 sqft retail unit, currently let to a convenience store, and three residential apartments, let on assured shorthold tenancy agreements. The retail unit generates £30,000 per annum, while the residential apartments bring in £22,200 per annum, resulting in a total annual rental income of £52,200. The property also has potential for further income growth through renting the vacant ground floor flat and benefiting from a rent review in 2027. With a purchase price of £900,000, this rare freehold opportunity offers a high-yield investment with long-term growth prospects in a prime location.