Land for sale

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Land for sale

Dudley Street, Luton
£2,250,000

Our Summary

  • For Sale by Auction at the Double Tree By Hilton Hotel, Festival Park, Stoke-on-Trent, ST1 5BQContact the Auction Team to Register: or
  • Our research of the planning history has revealed the following:- 5 Dudley Street Luton LU2 0NT- 01/01059/FUL Approved 20 Nov 2001- Redesign of front elevation of buildings- 5 Dudley Street Luton Bedfordshire LU2 0NT- 05/01669/FUL Approved 02 Feb 2006- Conversion of existing building and erection of two further floor levels and rear extension comprising lower ground, ground and first floor offices and second, third and fourth floors 14 No Flats
  • Our Client commissioned a feasibility report in 2016 in respect of the potential conversion of the property as follows:- Apartment Scheme (32-48 units)- Student Accommodation (66 units)- Apartment under Permitted Development (32 units)A copy of the report can be found in the Info Pack

Description

This property is a former hat factory that has been converted into offices, workshops, and storage space, spanning four floors with two sets of stairs and lifts. It is located in Stoke-on-Trent, close to Luton Railway Station and with connections to London Kings Cross and St Pancras Stations. The property has a gross internal area of 10,064 sq ft and 14,756 sq ft, and is connected to mains electricity, gas, water, and drainage. The planning history shows various approvals for changes of use, extensions, and refurbishments, and a feasibility report from 2016 suggests potential for conversion into apartments, student accommodation, or apartment under permitted development. A pre-application was submitted in 2019 for a change of use and refurbishment, including the addition of 12 flats. The property is being sold freehold with vacant possession upon completion, and the business rates are listed as £46,500 and £36,750.
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