The Stuart Hotel occupies on a prominent position, with part of the property fronting the arterial A505 (Stuart Street) but also with a pedestrian entrance off Upper George Street.Previously operated as hotel, the business has been closed for at least 2 years. The property has remained vacant since and now offers an opportunity for a new owner to reopen it as a hotel or (subject to planning) redevelop it for alternative use. For example, residential or student accommodation.Luton is a bustling town and one of the largest in Bedfordshire with an estimated population of 213,000. Located around 32 miles north of central London, it is home to the University Bedfordshire and around 15,000 students. The town has long standing links with Vauxhall; their Luton plant being one of their largest focussed on the production of commercial vehicles.
£ 3,200,000
For sale by auction on Thursday, 08 Dec 2022 at 2:30pmVenue: Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HLA rare Green Belt development site of approximately 4.4 acres with planning permission for a 158 unit residential retirement village with a Community Hub.This substantial development project is well located on the edge of the Bedfordshire village of Slip End which lies between Harpenden and Luton, within the Metropolitan Green Belt. The village includes a good range of amenities including shops, a garage, public house and restaurant.The site extends to around 4.4 acres of gently sloping farmland, bounded by mature hedging and with frontage onto the Markyate Road. A small agricultural building is included, but this will need to be demolished to allow for the development.Planning consent has been approved for a 158 unit retirement village, including apartments, retail units and community facilities, all set in private gardens. The consent allows for a selection of Open Market, Retirement Living, Assisted Living and Affordable units.Full planning details are set out on the local authority website and can be found in the legal pack.Planning Consent:Application No: Cb/19/00032/fullDecision Date: 21/08/2020Decision: Full Application - GrantedPlanning: Proposed New Residential Retirement Care Village with Retirement Living, Assisted Living, High Dependency Care Units, Community Club House, Ancillary Retail Units and Conservatory on a former disused garden nursery and the back garden of 88 Markyate Road. Change of use from unused derelict Land and C3 back garden to C2 Residential Institution.Viewing on site:Tue 22 Nov: 12:30 - 13:00Tue 29 Nov: 12:30 - 13:00EPC Rating: N/AViewings22 Nov 2022 12:30 - 13:0029 Nov 2022 12:30 - 13:00Additional FeesBuyers Premium: There is no buyer's premium on this Lot.Administration Charge - Purchasers will be required to pay an administration fee of £1,200 incl. VAT.Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.Price Information* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.Additional Fees InformationPlease be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
£ 5,000,000
For sale by auction on Thursday, 08 Dec 2022 at 2:30pmVenue: Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HLA rare Green Belt development site of approximately 4.4 acres with planning permission for a 158 unit residential retirement village with a Community Hub.This substantial development project is well located on the edge of the Bedfordshire village of Slip End which lies between Harpenden and Luton, within the Metropolitan Green Belt. The village includes a good range of amenities including shops, a garage, public house and restaurant.The site extends to around 4.4 acres of gently sloping farmland, bounded by mature hedging and with frontage onto the Markyate Road. A small agricultural building is included, but this will need to be demolished to allow for the development.Planning consent has been approved for a 158 unit retirement village, including apartments, retail units and community facilities, all set in private gardens. The consent allows for a selection of Open Market, Retirement Living, Assisted Living and Affordable units.Full planning details are set out on the local authority website and can be found in the legal pack.Planning Consent:Application No: Cb/19/00032/fullDecision Date: 21/08/2020Decision: Full Application - GrantedPlanning: Proposed New Residential Retirement Care Village with Retirement Living, Assisted Living, High Dependency Care Units, Community Club House, Ancillary Retail Units and Conservatory on a former disused garden nursery and the back garden of 88 Markyate Road. Change of use from unused derelict Land and C3 back garden to C2 Residential Institution.Viewing on site:Tue 22 Nov: 12:30 - 13:00Tue 29 Nov: 12:30 - 13:00EPC Rating: N/AViewings22 Nov 2022 12:30 - 13:0029 Nov 2022 12:30 - 13:00Additional FeesBuyers Premium: There is no buyer's premium on this Lot.Administration Charge - Purchasers will be required to pay an administration fee of £1,200 incl. VAT.Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.Price Information* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.Additional Fees InformationPlease be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
£ 5,000,000