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Sold Prior | Lot 31

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

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Sold Prior

  • Terraced House
  • Tenure: Freehold

Call the team on 020 7625 9007 for more information

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Auction Date

Tue 27/10/2015

Auction Time

12 noon

Auction Venue

The Ballroom, Landmark Hotel, 222 Marylebone Road, Marylebone, London, NW1 6JQ

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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)

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

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.

Leasehold

False

Freehold

False

Part Vacant

False

Vacant

False

Let

False

Part Vacant

False

Addendum

Sold Prior

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information

Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.