Ground Rent Investment Opportunity – Luton
The Stack, 33 Upper George Street, Luton, LU1 2RD
10,796.20 sq ft
- Secure long let commercial ground rent investment.
- Student accommodation building of 10,800 sq ft GIA comprising 40 studio rooms over four floors with ground floor restaurant.
- Central location in the busy south east town of Luton, home to the University of Bedfordshire.
- Let to Upper George Street Investments Limited for a further 118 years at a current ground rent of £53,890 pa, subject to review in April 2027 and five yearly thereafter to RPI (Collared at 1% and 4%).
- Offers in excess of £1,135,000 (One Million One Hundred and Thirty Five Thousand Pounds), subject to contract, for our client’s freehold interest. A purchase at this level reflects a net initial yield of 4.49% after purchaser’s costs of 5.87%.
Where to find this property
Upper George Street,