28 CHAPEL STREET, LUTON, BEDFORDSHIRE, LU1 5DA

Description:

The purpose built commercial premises are pavement lined and mid terraced. The shop has a substantial mezzanine floor installed of 1,077.12 sqft (100.06m²) plus the lower ground floor of 1,012.46 sqft (94.06m²).

Location:

Chapel Street is located within Luton town centre and is particularly favoured by hot food establishments.

Terms:

Available upon a new internal repairing and insuring lease for a term to be agreed at a rental of £27,500 per annum exclusive.

Rateable Value:

The Rateable Value of this property is £19,000 (please note that this is not rates payable).

Subject to certain conditions, you will not pay Business Rates on a property with a Rateable Value of £12,000.00 or less. For properties with a Rateable Value of £12,001.00 to £15,000.00 the rate relief will go down gradually from 100% to 0%, i.e. if your Rateable Value is £13,500.00 you will get a 50% reduction off your bill.

Legal Costs:

Each party to bear their own legal costs incurred.

VAT:

We are verbally advised that V.A.T. is not charged upon rental.