FOR SALE
07/01/21
340
leagrave-Road-LU4 / Rightbiz
LOCATION: The premises are prominently positioned within the Bury Park suburb of Luton, favored by the local Asian population. Luton is a vibrant, multicultural and cosmopolitan community. Here are some of the facilities Luton has to offer: Museums, Theatre and Cinema Complex, Biggest European Carnivals also the Town Centre which has a wide variety of shops and markets which is only couple of minutes away
DESCRIPTION: Well fitted out shop unit currently trading as Asian Fashion Clothes with lighting, lower deck and upper deck, store room, WC, Kitchenette, garden and one-bedroom upper parts and off-street parking to front.
USES: A1/A2
PREMIUM: £60,000 Guide price for the benefit of the lease, fixtures, fittings and goodwill
RENTAL: £20,500 per annum with the one-bedroom upper parts
LEASE: Approximately 15 years remaining
SIZE: Approximately 871 sq ft
BUSINESS RATES: Nil. From information obtained from the Valuation Office Agency website
UPPER PARTS: One-bedroom upper parts & currently rental out and achieving £8,400 income per annum
LEGAL COST: To be confirmed
LOCAL AUTHORITY: Luton
ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 52- C Rating. C copy of this property’s energy performance certificate is available on request.
REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non- refundable after the references have been taken up, whether they are accepted or not by the Landlord
HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity
and will be held in the London Properties client account
FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition
AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:-
1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries.
2. These details do not constitute any part of an offer or contract.
3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.
4. All rent prices, fees and charges are quoted exclusive of VAT
VIEWINGS: Internal viewings are highly recommended through London Properties by appointment only.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.