39-49 MANOR ROAD LUTON BEDFORDSHIRE LU1 3HN. Freehold Residential Development Opportunity with planning permission

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Morris Parrish
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1 39-49 MNOR RO LUTON ORSHIR LU1 3HN eehold Residential evelopment Oppotunity with planning pemission

2 SUMMRY Luton is a thiving etail, esidential and commecial cente, located appoximately 32 miles noth of ental London. The site benefits fom detailed planning pemission, subject to a S106 ageement, fo the eection of a new esidential block (up to 6 stoeys) compising 105 pivate apatments, 6 gound floo commecial units and 47 unde coft ca paking spaces. uthe Infomation Spinge Nicolas Ryan Spinge o eg Melle Tel: mail: yan@spingenicolas.co.uk geg@spingenicolas.co.uk The popety will be sold with vacant possession. Oppotunity to impove the existing planning pemission by changing the use of the commecial element to esidential, subject to planning. eehold. The vendo is seeking offes in excess of 8,500,000 (ight Million and ive Hunded Thousand Pounds) subject to contact, fo the benefit of thei feehold inteest MNOR RO LUTON ORSHIR LU1 3HN 2

3 LOTION Luton is a thiving etail, esidential and commecial cente situated in the county of edfodshie appoximately 32 miles noth of ental London and 14 miles south of Milton Keynes. Luton has excellent tanspot links due to its location just off the M1 Motoway and appoximately 12 miles noth of the M25. Luton is home to London Luton ipot, one of the majo feede aipots fo London and the South ast Luton ailway station povides diect sevices to London with a fastest jouney time of 35 minutes. The town is home to The Univesity of edfodshie ceating a thiving student population. The Luton anival is also held within the town on the late May bank holiday and is the lagest one day canival in uope. Luton is emeging fom a peiod of majo economic estuctuing. The town has aleady attacted well known developes with ove 4 billion invested in funding infastuctue and pivate development the lagest fo any town in the UK. masteplan fo Luton town cente has aleady been developed to impove key locations, such as the ail and bus stations. The town was fo many yeas famous fo hat making, and was also home to a lage Vauxhall Motos factoy; the head office of Vauxhall Motos is still situated in the town. The Mall Shopping ente is less than an 8 minute walk fom the subject popety, with etailes including Maks and Spence, H&M, Pimak, oots, Topshop, Rive Island and Next amongst many othes. HTTRS WY HUKLSY WY (6) LUTON RWLY RN RO LUTON IRPORT VUXHLL WY SITUTION The popety is situated on the noth side of Mano Road, on the cone of louceste Road, opposite Mano Road Pak. The suounding aea is evolving to become lagely esidential in use with a numbe of ecent developments to povide esidential apatments and student accommodation. M1 NWLNS RO RLY HILL UTNHO RO IRPORT WY IPSY LN 1081 LOWR HRPNN RO J10 LONON RO MNOR RO LUTON ORSHIR LU1 3HN 3

4 z LUTON IRPORT 0.9 miles (1.5 km) WI ROUP VUXHLL H OI MNOR R PRK MNOR R 505 TH UNIVRSITY O ORSHIR TH ROSVNOR SINO c LUTON TRIN STTION OR ST 505 ST OR S SQ MNOR RO LUTON ORSHIR LU1 3HN 4

5 39-49 MNOR RO LUTON ORSHIR LU1 3HN 5

SRIPTION The popety cuently compises a detached industial waehouse ove gound floo with thee ea loading doos in a secue yad. The site is appoximately 0.6 aces.

6 SRIPTION The popety cuently compises a detached industial waehouse ove gound floo with thee ea loading doos in a secue yad. The site is appoximately 0.6 aces. TNNY PRK VIUT Vicaage Steet a Pak PRK VIUT Whitehill Spindles 2 OLTON RO 14 1 to to 35 l Sub Sta The popety will be sold with vacant possession. 19 TNUR 2 4 LOUSTR RO eehold. epot 12 3 Windso Hall l Sub Sta Jubilee Hall l Sub Sta Wenlock out 1 to 44 louceste House MNOR RO L P Holmes Hall Oakley Hall MNOR RO LUTON ORSHIR LU1 3HN 6

7 PROPOS SHM PROPOS OMMOTION The scheme was dawn up by Q chitects to povide contempoay esidential apatments benefiting fom excellent natual light. The development is aanged aound an intenal coutyad with a numbe of the apatments benefiting fom oof teaces and balconies with views ove Mano Road Pak. PLNNIN The site benefits fom detailed planning pemission (pp: 17/00817/UL), subject to a S106 ageement, fo the following: emolition of existing building ection of a new building (up to 6 stoeys) 105 patments (62 x 1 bedoom and 43 x 2 bedoom) 8,299 sq ft of gound floo commecial space 47 unde coft paking spaces STION 106 uent Section 106 ontibutions include: a lub ontibution 18, Waste ontibution 3, ducation ontibution 248, ffodable Housing 215, TOTL 485, Unit Types No. of Units Unit loo ea Total loo ea sq m sq ft sq m sq ft 1 ed Studio ed Studio ed 2 Peson lat ed 2 Peson lat ed 2 Peson lat ed 2 Peson lat ed 2 Peson lat ed 2 Peson lat ed 2 Peson lat ed 2 Peson lat ed 2 Peson lat Total ed 3 Peson lat ed 3 Peson lat ed 3 Peson lat ed 3 Peson lat ed 3 Peson lat ed 4 Peson lat ed 4 Peson lat ed 4 Peson lat ed 4 Peson lat ed 4 Peson lat Total Total ccommodation loo ea ommecial Unit ommecial Unit ommecial Unit ommecial Unit ommecial Unit ommecial Unit Total Total loo ea (Net Intenal) Total loo ea (oss Intenal) Net To oss 78% MNOR RO LUTON ORSHIR LU1 3HN 7

8 LOORPLNS ontactos must veify all dimensions on site befoe to be scaled. Used figued dimensions only. If in doubt, please call Q. ontactos must veify all dimensions on site befoe to be scaled. Used figued dimensions only. If in doubt, please call Q. ontactos must veify all dimensions on site befoe to be scaled. Used figued dimensions only. If in doubt, please call Q IN OLLTION HOLIN ZON 48m² 49m² 50m² olton Road m² m² m² m² m² 69m² m² YL STOR ommecial Unit 143m2 44 PRKIN SPS m² 44m² louceste Road ommecial Unit 116m m² 49m² m² L m m² m² ommecial Unit 210m m² m² IN STOR m² 63m² ommecial Unit 74m2 ommecial Unit 66m2 ound loo Mano Road 112 ommecial Unit 162 m2 60m² m² m² ist loo ontactos must veify all dimensions on site befoe LTdimensions SIZS MN 19/09/17 to be scaled. UsedHfigued only. If in doubt, please call Q. IN OLLTION ZON MOV 26/07/17 SL HN TO. 24/05/17 PLN MN TO SHOW NW IN OLLTION ZON. 22/06/15 H RPRK LYOUT JUST. 07/05/15 ROUN LOOR LVLS NNOTT. 30/03/15 LYOUT O PRKIN SPS, IN N YL STOR JUST. 25/03/15 lat sizes ammended. 19/09/17 ontactos must veify all dimensions on site befoe only. doubt, NV If in changed to. 24/05/17 Second loo Plan amended to show lage windows. alconies alteed. 12/06/15 changed to. 24/05/17 Plan amended to show new layout. ea calculations amended. 05/06/15 Plan amended to omit 3 bed apatments. ssociated window positions amended accodingly. 26/04/17 PLNNIN Plan amended to show lage windows and balconies alteed. 12/06/15 Plan amended to show new layout. 05/06/15 Plan amended to show additional second floo accommodation to Mano Road. 25/03/15 Revised hecked PLNNIN MNOR RO, LUTON SPRINR NIOLS awing Size 1 IRST LOOR PLN PL05 Reviewed by awn by ate 26/03/2015 awing Title H PL06 awn by ate 26/03/2015 awing Size 1 SON LOOR PLN Reviewed by H eenhouse eeston Road Leeds LS11 6 PL07 awn by ate 26/03/2015 lat sizes ammended. 19/09/17 changed to. 24/05/17 Plan amended to omit 3 bed apatments. ssociated window positions amended accodingly. 26/04/17 NV eas and plot numbes added. 27/09/16 Plan amended to show new teaced aea and lage windows. 12/06/15 ifth loo Revised hecked changed to. 24/05/17 Plan amended to show lage windows 12/06/15 Plan amended to show new layout 05/06/15 Plan amended to show educed footpint. 26/03/15 PLNNIN MNOR RO, LUTON SPRINR NIOLS changed to. 24/05/17 Plan amended to omit 3 bed apatments. ssociated window positions amended accodingly. 26/04/17 eas and plot numbes added. 27/09/16 Plan amended to show lage windows. 12/06/15 Plan amended to show new layout. 05/06/15 Plan amended to show footpint educed. Layout ammended. 26/03/15 PL08 awn by ate 26/03/2015 eenhouse eeston Road Leeds LS11 6 mail info@q-ad.co.uk NV MNOR RO, LUTON SPRINR NIOLS MNOR RO, LUTON SPRINR NIOLS awing Size 1 OURTH LOOR PLN awing Title 8 awing Size 1 ITH LOOR PLN Reviewed by Revised hecked PLNNIN awing Title MNOR RO LUTON ORSHIR LU1 3HN lat sizes ammended. 19/09/17 awing Size 1 THIR LOOR PLN Revised hecked PLNNIN awing Title NV eas and plot numbes added. 27/09/16 Plan amended to omit 3 bed apatments. ssociated window positions amended accodingly. 26/04/17 Plan amended to show new layout. 05/06/15 Layout adjusted in line with alteations of fouth and fifth floo. 26/03/15 mail info@q-ad.co.uk outh loo eenhouse eeston Road Leeds LS11 6 mail info@q-ad.co.uk Thid loo Reviewed by mail info@q-ad.co.uk eenhouse eeston Road Leeds LS11 6 ROUN LOOR Revised hecked awing Title eas and plot numbes added. 12/06/15 awing Size 1 ROUN LOOR OMMRIL PLN MNOR RO, LUTON SPRINR NIOLS MNOR RO, LUTON SPRINR NIOLS awing Title NV Plan amended to show additional fist floo accommodation to Mano Road. 26/03/15 PLNNIN Revised hecked lat sizes ammended. 19/09/17 Net to oss calculations amended. 30/03/15 ontactos must veify all dimensions on site befoe to be scaled. Used figued dimensions only. If in doubt, please call Q. to be scaled. figued ssociated dimensions Plan amended to omit 3Used bed apatments. window positions amended please call Q.accodingly. 26/04/17 Plot numbes and aeas added. 27/09/16 50m² PLN MN TO SHOW NW LYOUT N OOTPRINT. 05/06/ PL09 Reviewed by awn by ate 26/03/2015 eenhouse eeston Road Leeds LS11 6 mail info@q-ad.co.uk Reviewed by PL10 awn by ate 26/03/2015 eenhouse eeston Road Leeds LS11 6 mail info@q-ad.co.uk

9 RSINTIL MRKT OMMNTRY The fastest gowing house pices in the county wee in the South ast, whee pices ose 8.1 pe cent last yea amid high demand fom commutes. Luton saw the lagest incease last yea of 18.5 pe cent, with the aveage cost of a home in the town inceasing by 40,000 since Luton has an established esidential maket, which has thived in ecent yeas. Thee is a stong demand fom both owne occupies and investos fo good quality esidential in the town and the attaction of the numeous paks, estauants, shops and excellent tanspot links to London appeal to both families and young pofessionals. apital gowth in Luton has been stong with top values eaching in the egion of 500 pe sq ft. PITL LLOWNS uthe Infomation Spinge Nicolas Ryan Spinge o eg Melle Tel: mail: yan@spingenicolas.co.uk geg@spingenicolas.co.uk Thee ae no capital allowances available. VT The popety has been elected fo VT puposes and theefoe VT will be payable upon the puchase pice. P negy Pefomance etificate fo the popety is available upon equest. PROPOSL The vendo is seeking offes in excess of 8,500,000 (ight Million and ive Hunded Thousand Pounds) subject to contact, fo the benefit of thei feehold inteest. MISRPRSNTTION T 1967 Messs Spinge Nicolas fo themselves and fo the vendos o lessos of this popety fo whom they act, give notice that: (i) These paticulas ae a geneal outline only, fo the guidance of pospective puchases o tenants, and do not constitute the whole o any pat of an offe o contact; (ii) Messs Spinge Nicolas cannot guaantee the accuacy of any desciption, dimensions, efeences to condition, necessay pemissions fo use and occupation, and othe details contained heein, and pospective puchases o tenants must not ely on them as statements of fact o epesentations, and must satisfy themselves as to thei accuacy; (iii) No employee of Messs Spinge Nicolas has any authoity to make o give any epesentation o waanty o ente into any contact whateve in elation to the popety; (iv) Rents, pices, pemiums and sevice chage quoted in these paticulas may be subject to VT in addition; and (v) Messs Spinge Nicolas will not be liable, in negligence o othewise, fo any loss aising fom the use of these paticulas. (vi) The efeence to any plant, machiney, equipment, sevices, fixtues o fittings at the popety shall not constitute a epesentation (unless othewise stated) as to its state o condition o that it is capable of fulfilling its intended function. Pospective puchases/tenants should satisfy themselves as to the fitness of such items fo thei equiements.

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