Lyneham Road, Luton LU2

Property Details: - Type: Mixed use - Bedrooms: 2 - Bathrooms: 0

Agent: Rybull Group - Rickmansworth Phone: 01923 908891

<p>An attractive mixed-use freehold investment opportunity comprising a ground floor commercial unit currently trading as a bakery shop, together with a two-bedroom residential flat arranged over two floors and benefiting from land to the rear.</p><p>The commercial premises extend to approximately 363 sq ft, whilst the well-proportioned residential accommodation extends to approximately 628 sq ft over the first and second floors. The two-bedroom flat is currently let, producing a rental income of £1,100 per calendar month, providing the property with an established residential income stream.</p><p>The property occupies a position within an established parade of 12 commercial units on Lyneham Road, serving a densely populated residential catchment in Luton. Excellent transport connections further enhance the property's appeal, with London Luton Airport and Luton Parkway Railway Station approximately 1.5 miles away, the A505 approximately 1.8 miles away and Junction 10 of the M1 approximately 2.5 miles away.</p><p>The combination of an established commercial use, residential rental income and additional rear land provides a versatile investment opportunity with potential for future rental growth, alternative uses or redevelopment potential, subject to the necessary planning permissions and consents.</p>