Summary - Leagrave Road, Luton, Bedfordshire, LU4 LU4 8HX
3 bed 3 bath Mixed Use
Income-producing retail plus flats with short-term growth potential near busy Leagrave Road.
- Freehold mixed-use property with retail and three flats
- Current income £52,200 pa; vacant studio offers immediate uplift
- Retail unit 972 sq ft let at £30,000 pa; rent review 2027
- Commercial lease expires July 2031; break clause July 2028
- Mid-20th-century building with flat roof — maintenance likely
- Small plot despite very large total internal area (2,844 sq ft)
- Located in high-footfall Bury Park; area classed very deprived
- Above-average local crime rates; consider active management
A rare freehold mixed-use investment in Luton's busy Bury Park, this property combines a long-established retail unit with three residential flats. The ground-floor shop (972 sq ft) is let to a convenience store producing £30,000 pa; two one-bed flats are let, and a rear studio is currently vacant, providing immediate scope to increase income.
The asset produces £52,200 pa from current tenancies with clear growth potential: the vacant studio can be let, and the commercial lease has a rent review in 2027. The retail unit benefits from high footfall, street visibility and a front forecourt with additional secure rear storage and courtyard space.
Buyers should note material facts plainly: the commercial lease expires July 2031 with a break clause in July 2028; the area is classified as very deprived and has above-average crime levels; the building is mid-20th century with a flat roof and may require ongoing maintenance or refurbishment. The plot is small despite the property's overall large internal size.
This is best suited to an investor or small portfolio buyer seeking an income-producing freehold with near-term upside. The location and tenant mix provide resilience, but allow for an active asset-management approach to realise rental and capital growth.
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