The Red Lion Hotel & 4-8 Castle Street, Luton, Bedfordshire - LU1 3AA

Guide Price: £2,700,000

Beds: No data
Type: Commercial
Tenure: Freehold

Property Details

Acuitus describes this property as:

Strategic and Prominent Town Centre Location on Castle Street, Long lease expiring March 2045 (no breaks) with a guarantee from Stonegate Pub Company Limited, Annual RPI rent increases subject to a 2% and 4% collar and cap, Lease extended by 5 years in November 2020, Comprising 17,868 sq ft including a pub, function rooms, a 2 bed flat, a 17 room hotel and car parking, Development Potential (subje...

Auction Details

Auctioneer:
Acuitus
Auction date:
- 12 Jul 2022
Venue:

For viewings, biddings or more information:

Go to the Acuitus Website

Local Market Data

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We are unable to find enough local data to provide good comparisons for this type of property. The data we are providing covers there average for -all- properties

Average sold price:

£214,900

Average asking price:

£166,000

Average price per sq/ft:

£272
Date Price Beds Address Distance (miles)
17 Dec 2021 £345,000 35, Stockwood Crescent, LU1 3SS 0.36
06 Dec 2021 £218,000 4 61, Hibbert Street, LU1 3UX 0.30
29 Nov 2021 £205,000 2 40, Salisbury Road, LU1 5AR 0.36
19 Nov 2021 £215,000 34, Adelaide Street, LU1 1RJ 0.35
12 Nov 2021 £210,000 24, Tavistock Street, LU1 3UT 0.30
03 Nov 2021 £225,000 50, Ashton Road, LU1 3QE 0.37
22 Oct 2021 £320,000 3 4, Russell Street, LU1 5EA 0.31
30 Sep 2021 £215,000 2 21, Hibbert Street, LU1 3UU 0.27
30 Sep 2021 £206,000 2 32, Stanley Street, LU1 5AN 0.35
16 Sep 2021 £144,000 3 149, Wellington Street, LU1 5AH 0.30
24 Aug 2021 £207,000 2 64, Tavistock Street, LU1 3UT 0.35
13 Jul 2021 £190,368 20, Ashton Road, LU1 3QE 0.31
09 Jul 2021 £225,000 3 50, Hibbert Street, LU1 3UX 0.29
29 Jun 2021 £200,000 3, Hammond Court, Slip End, LU1 4DA 0.14
25 Jun 2021 £280,000 3 126, Wellington Street, LU1 5AF 0.24
24 Jun 2021 £223,000 3 26, Russell Street, LU1 5EA 0.33
10 Jun 2021 £195,000 14, Ashton Road, LU1 3QE 0.31
19 Mar 2021 £240,000 3 41, Arthur Street, LU1 3SG 0.35
09 Mar 2021 £240,000 3 31, Stockwood Crescent, LU1 3SS 0.37
28 Jan 2021 £135,000 64, Arthur Street, LU1 3SG 0.35

We are unable to find enough local data to provide good comparisons for this type of property. The data we are providing covers there average for -all- properties

Average weekly rental: £167

Average yield: 5.2%

Weekly Rent Bedrooms Property Type distance (miles)
£138 flat 0.02
£196 2 flat 0.05
£156 flat 0.06
£219 1 flat 0.07
£162 1 flat 0.07
£162 flat 0.07
£150 1 flat 0.09
£108 1 detached_house 0.11
£219 1 flat 0.11
£196 1 flat 0.11
£277 2 flat 0.11
£134 flat 0.11
£173 flat 0.13
£111 1 detached_house 0.13
£162 flat 0.13
£173 2 detached_house 0.14
£127 flat 0.14
£173 1 flat 0.15
£265 2 flat 0.15
£160 flat 0.16