37-39 George Street, Luton | Property for sale | Savills
Guide price £520,000

37-39 George StreetLuton

  • Sole agency
  • Freehold
Investment
Yield 13%Yield

Key features

  • High Yielding Retail Investment
  • Parade Comprising Two Shops
  • Let to Subway and Destiny
  • Producing £65,000 per annum
  • Asset Management Potential
  • Prime Pitch on Pedestrianised Street
  • Vacant Upper Parts (No Viewings Available)
  • Guide Price Reflects 12.5% Gross Yield

High Yielding Retail Investment Opportunity Parade Comprising Two Units with Upper Parts Fully Let to Subway and Destiny - Producing £65,000 per annum

About this property

  • The property comprises a high yielding retail investment situated on a prime pitch and forming part of the pedestrianised retail offering in Luton. Arranged as a parade of two shops, the individual units provide ground floor retail space and first floor storage/ancillary accommodation. There is a yard with some parking to the rear of the property accessed via a lane from Chapel Street. The property is fully let to two tenants producing a total aggregate rent of £65,000 per annum. 37 George Street Let to Hayra International Limited (t/a Subway) on a lease expiring 31/10/2037 and paying £32,000 per annum. We understand the tenant owns multiple franchises and has been in occupation for over 10 years. 39 George Street Let to Mimi Miesi Limited (t/a Destiny) on a lease expiring 14/05/2025 and paying a rent of £33,000 per annum. George Street is the principal, pedestrianised, retail pitch in the centre of Luton. The property sits at the centre point of George Street and opposite an entrance to the Luton Mall, therefore it benefits from high footfall with nearby occupiers including McDonalds, Coral, and Natwest.

Additional information

  • Full details and a tenancy schedule can be found at auctions.savills.co.uk