Retail Units & Shops

Bedfordshire

Luton

property

To Let

This property is part of an unsponsored shopping centres scheme and therefore has limited information. To find out the benefits on scheme sponsorship click here.

Unit 59 The Mall Luton, Luton, LU1 2LJ

Owned by

Use Class

Size

15,640 sq ft

Rent pa

£100,000

Market Sector

Shopping Centre

Landlord

Frasers Group

Description

The subject premises is located in a prime position on Melson Street within Luton Point Shopping Centre. The unit sits adjacent to Blue Inc and Tesco, as well as sitting opposite Sports Direct and Boots. Luton Point has over 900,000 sq.ft. of retail and leisure within the scheme. The scheme is anchored by Sports Direct, Primark, and Boots. Recent openings within the scheme include Black Sheep Coffee, Clarks and Miniso, with the scheme benefitting from an annual footfall of 15.5 million. Please refer to the attached copy of the street traders plan for further details.

Accommodation

15,640 Sq.Ft

The premises are arranged over first floor with access via escalators from ground floor providing the following approximate areas:

Areas

Sq.Ft

Sq.M

First Floor

15,197

1,411.8

Basement

443

41.2

Downloads

Brochure

Unit 59, Luton Point Shopping Centre, Brochure

Financial

Lease Type

New Lease

Lease Term

The premises is available by way of a new lease for a term to be agreed.

Rent

£100,000 per annum exclusive.

Costs

Each party to be responsible for their own legal costs incurred in this transaction.

Service Charge

The current service charge for the financial year is £118,496 per annum.

Business Rates

We have been informed by the Valuation Office Agency of the following rating information: Rateable Value £190,000 UBR (25/26) 0.555p All parties are to advised to make their own enquires to the relevant authority.

Rates

Rateable Year:

2025

Rateable Value:

£190,000.00

Rates payable:

£105,450.00

UBR:

55.5p/£

Sustainability

Available on request.

This Property is Part of a Shopping Centre

Luton Point Shopping Centre

Anchor tenants - Argos, Boots, New Look, Superdrug, Tesco, TK Maxx, Wilko, H&M, River Island & Topshop Other stores include: Poundland, The Works, Footlocker, Superdry, WHSmiths, Holland & Barrett, Farmfoods & KFC

JLLGreen & Partners

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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