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Land for sale
Luton LU4
£2,500,000
Luton LU4
£2,500,000
Our Summary
- Venture Commercial are pleased to present the opportunity to purchase a sizeable plot of development Land in the Leagrave area of Luton with approved Planning Permission to erect a luxurious 4 storey apartment building with 40 residential flats 3 Class E Commercial Units and with provisions for off road parking
- Please refer to the Planning Reference 20/00706/FUL on the Luton Borough Planning Portal for more information
Description
Venture Commercial is offering a unique development opportunity in Leagrave, Luton, with approved planning permission to build a luxurious 4-storey apartment building featuring 40 residential flats, 3 commercial units, and off-road parking. The proposed development will include a mix of 1, 2, and 3-bedroom apartments, with 27 of them boasting private balcony spaces with great views. The site will also feature 3 electric vehicle charging points, 3 commercial retail units, and 27 off-road parking spaces. With a gross development value (GDV) anticipated to be around £9.5m, this project is ideal for an experienced developer or BTR investment company. The site is situated on the busy High Street of Leagrave, close to Leagrave Train Station, which provides direct access to Central London. The property also has a section 106 contribution of £140,000 and provisions for affordable housing for up to 6 units.