Summary - Waller Stores,40 Waller Avenue,LUTON,LU4 9RR LU4 9RR
5 bed 2 bath Retail Property (high street)
**Standout Features:**
- Mixed-use property with retail space and a 5-bedroom house
- Prime high street location in Luton, LU4
- Ground floor retail unit (1,016 sq. ft) currently tenanted, generating £14,000 per annum
- Potential additional income from the vacant 5-bedroom house (£1,500 per month)
- Off-road parking and a sizable garden
- Strong investment yield potential above 5%
- Lease with 9 years remaining, rental review due soon
**Concise Summary:**
This exceptional mixed-use property on Waller Avenue, Luton, presents a noteworthy investment opportunity. With a spacious 1,016 sq. ft retail unit generating an annual income of £14,000, and a well-sized 5-bedroom family residence that offers strong rental potential at approximately £18,000 annually, this property is an enticing prospect for both investors and first-time buyers.
The robust brick construction features a dual-purpose layout with off-road parking and a generous garden, perfect for family activities or relaxing outdoor moments. While the retail unit currently has a long-term tenant, and the residential space is vacant, the strategic position on a busy high street enhances its appeal to prospective businesses. However, it’s important to note that the remaining lease term may pose challenges for mortgage financing, and both the kitchen and some areas of the home require modernization and an eye for renovation. With high demand for rental properties and a rental review scheduled, this opportunity won't last long—now is the time to consider making it your own!
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