Investment

Available

Ground Rent Investment Opportunity – Luton

The Stack, 33 Upper George Street, Luton, LU1 2RD

For Sale

Terms

10,796.20 sq ft

Size

4.49%

Yield

Gallery

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%.

More information

Download Brochure

Contact Us

Team members

Head of Investment

Ken Morgan

ken.morgan@rapleys.com

Where to find this property

Upper George Street,
Luton
LU1 2RD