Luton's Stuart Hotel to be sold at auction at guide price of £1.25m

The 30,500 sq ft property comprises a 60-bedroom hotel, 16 secure undercroft car parking spaces and two retail units - which are currently let and produce an annual rent of £47,500.

Auctioneer John Mehtab of Acuitus comments: “The Stuart Hotel offers a fantastic opportunity for entrepreneurial investors or developer to acquire a landmark town centre hotel that may also be suitable for residential conversion, subject to consents.

"The property benefits from its location on the busy Stuart Street and proximity to Luton Railway Station and Luton town centre.”

The auction takes place on October 28 and will be streamed live from Acuitus.co.uk.

Interested buyers can submit bids by telephone, online or by submit a bid by proxy.