Luton is a popular and thriving town with a reported population of circa 213,000 (Cencus 2021).

The University of Bedfordshire, located in Luton is a prominent higher education institution in the town. It offers a variety of undergraduate, postgraduate, and research programs across multiple disciplines and is home to 20,000 students from over 100 countries. One of the notable economic drivers in Luton is London Luton Airport. The airport and its associated industries, including aviation, hospitality, and logistics, contribute significantly to the local economy. The airport’s proximity to London and its accessibility make it a key hub for both domestic and international travellers. The towns proximity to London also means it is an attractive commuter town.

Town centre retail floorspace in Luton is estimated at 1.04 million sq ft, comparable with the Sub Regional Resilient Town average and ranking the town 91 of the PROMIS Centres on this measure. London Luton Airport is one of the UK’s busiest airports, carrying over 13 million passengers in 2022.

Dominant and well established convenience store, strategically located in close proximity to London Luton Airport.

The property is entirely let to Tesco Stores Limited who hold a 27% market share of grocery stores in Great Britain.

London Luton Airport served over 13 million passengers in 2022.An attractive unexpired term of 10.5 years.

The property comprises a stand alone convenience store of3,216 sq ft (298.77 sq m) and dedicated car park, on a site of0.7 acres.

Freehold.

Annual income of £64,351.86 per annum exclusive, assuming vendor tops up to the projected level at review in 2024.5 yearly RPI linked rent review compounded annually with a 0%collar and 4% cap.