Investment
Investment Opportunity – Student Accommodation – Luton
The Stack, 33 Upper George Street, Luton, LU1 2RD
For Sale
Terms
10,800 sq ft
Size
- 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%). - Tenant benefits from a current income of
£30,000 pa from subletting the ground floor
restaurant, subsidising the overall ground rent. - 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
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Where to find this property
Upper George Street,
Luton
LU1 2RD
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