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Investment - Industrial to Buy

Cosgrove Way, Luton, LU1

£2,444,000 £138 /sf
17,673 sf
 
£2,444,000 £138 /sf
17,673 sf
The properties are let to Wolseley UK Ltd on two separate leases on Full Repairing and Insuring (FRI) terms. Wolseley UK Ltd have recently renewed their lease on Unit 9 (December 2019) and have not actioned their break in June 2020 on unit 8B, thus showing their long term commitment to this location. Furthermore, the tenant has been in occupation since 2001.
Current passing rent of £143,000 per annum, reflecting a low level of £8.09 per sq ft.
Site area of both units combined 0.93 acres
Investment to Buy
Investment - Industrial

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RE: Cosgrove Way, Luton, LU1  (210220075725)

map markerCosgrove Way, Luton, LU1

Strategically positioned on the established Cosgrove Industrial Estate, 2 miles west of Luton town centre and 1 mile east of Junction 11 of the M1 Motorway
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