Auction House London

Lot 31

 

Whitbread House

Park Street West, Luton, Bedfordshire, LU1 1BG

Sold Prior for £4,900,000.

A Substantial Site Measuring 4,494 sq m Offered with Planning Permission to Build 180 Units of Student Accommodation and 84 Residential Apartments and Commercial Space (Total G.I.A - 13,163 sq m)

Description

Tenure

Freehold

Location

The site is situated in the heart of Luton town centre close to local shops and amenities and also the University of Bedfordshire. Transport links are provided by Luton railway station and the M1 motorway (J10) is within easy reach.

Proposed Accommodation
The property will comprise 180 units of student accommodation, 84 residential apartments and commercial space. The residential apartments will be arranged over nine stories and the student accommodation arranged over six stories.

Residential & Commercial Accommodation
- Commercial G.I.A 1,615 m2
- Commercial N.I.A 1,364 m2
- Residential G.I.A 6,292 m2
- Residential N.I.A 6,292 m2

Student Accommodation
- Student Rooms G.I.A 5,255 m2
- Student Rooms N.I.A 3,727 m2

Planning (2nd Column)

In 2009 planning permission was granted (09/00030/FUL) to erect 134 apartments with commercial and office space.

The current application (14/00771/FUL ) has been recommended for approval subject to the signing of the section 106 agreement.

Luton Borough Council received and approved the following planning proposal on 31st January 2014:
"Erection of a 6 to 10 storey mixed-use development comprising 84 residential flats, student accommodation (180 rooms) and 1,615 Sq.M of commercial floorspace."

Viewing Details

Please contact Justin Chilton on 020 3837 9757 or justin@auctionhouselondon.co.uk for further information and viewings.

Addendum

Sold Prior

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Whitbread House, Park Street West, Luton, Bedfordshire, LU1 1BG

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