Prime Town Centre Mixed-Use Development Opportunity with Planning Permission

Exceptional Mixed-Use Development Opportunity with Full Planning Permission

An outstanding opportunity to acquire a prominent town centre property with full planning permission to create a mixed-use development comprising a ground floor commercial unit together with three self-contained residential flats.

Planning permission has been granted by Luton Borough Council (Application Ref: 24/00196/FUL) for the erection of two and three-storey rear extensions, a roof extension incorporating a rear dormer, alterations to the shopfront and the conversion of the upper floors into three apartments comprising two spacious two-bedroom flats and one one-bedroom flat.

Occupying a highly visible position within Luton Town Centre, the property benefits from excellent pedestrian footfall and is ideally suited to investors, developers and owner-occupiers seeking a high-potential mixed-use asset.

The approved scheme offers an exciting opportunity to deliver:

• Ground floor commercial premises.
• Two well-proportioned two-bedroom apartments.
• One one-bedroom apartment.
• Modernised shopfront.
• Significant value-add potential through redevelopment.

Situated within easy reach of Luton railway stations, The Mall shopping centre, the University of Bedfordshire and a wide range of shops, restaurants and amenities, the location continues to benefit from strong demand for both commercial and residential accommodation.

Whether you're looking to develop and retain for long-term investment, create a mixed-income asset or add to an existing portfolio, this represents an excellent opportunity to acquire a property with planning consent already secured. Planning permission was granted on 19 August 2024.

For further information or to arrange a viewing, please contact MyEstate on 01582 380330.

Key Features

• ✔ Full Planning Permission Granted
• ✔ Mixed-Use Development Opportunity
• ✔ Ground Floor Commercial Unit
• ✔ Three Residential Flats (2 x Two Bedroom & 1 x One Bedroom)
• ✔ Prime Town Centre Location
• ✔ High Pedestrian Footfall
• ✔ Excellent Investment Potential
• ✔ Ideal for Developers & Investors
• ✔ Planning Reference: 24/00196/FUL