Prime Luton site expected to fetch almost £4million at auction

By Bev Creagh
Published 2nd Dec 2022, 10:34 BST
Updated 2nd Dec 2022, 10:58 BST
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It’s at Laporte Retail Park

A valuable Luton site with planning permission is to be sold at auction on December 15 with a guide price of between £3.75 and £4 million.

The vacant 3.46 acre plot is located on Laporte Retail Park on Dallow Road and has full planning permission for a 34,000-sq ft trade counter/industrial warehouse development with car parking.

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The development is based on a 15-year lease with a tenant-only break option at year 10 and an annual starting rent of £517,000, but this will be for a purchaser to conclude.

The Laporte Retail Park in Dallow Road with the site to be auctioned outlinedThe Laporte Retail Park in Dallow Road with the site to be auctioned outlined
The Laporte Retail Park in Dallow Road with the site to be auctioned outlined

Acuitus auctioneers spokesperson David Margolis said: “This is an exceptional investment opportunity to buy a prime development site in a strong location.

"It will appeal to both developers and owner-occupiers.”

The auction will take place at 1.30pm on December 15 and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.

> For more information visit acuitus.co.uk/properties

Related topics:Luton