RESIDENTIAL DEVELOPMENT OPPORTUNITY - ON BEHALF OF JOINT FIXED CHARGE RECEIVERS - Kroll
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13 - 31
LU1 1BG
Bedfordshire
Luton
Dunstable Road
RESIDENTIAL DEVELOPMENT OPPORTUNITY
ON BEHALF OF JOINT FIXED CHARGE RECEIVERSpplication for the redevelopment of 13-31 Dunsta-
oad was granted planning permission at commit-
n 23 May 2017. It was subject to a S106 Agreement 2007 (07/00831/FUL)
13 - 31
ation advice of Luton’s
cure
can be financial
seen in the contributions and affordable hous-
13 - 31
major objective of the
vised proposal has been
ef: 16/01499/FUL). Planning permission (07/00831/FUL) was granted
of scheme that would be
its appearance. At the on 25th May 2007 for the ‘Erection of 124 flats in
he design of the revised
e the conceptual thinking a single U shaped block 6-9 storeys in height’. This
eme, its application was
scheme, as a result, was was renewed on notice dated 5th October 2010
ounced horizontal layers
heaviness and bulk that
(07/00831/RENEW)
iration for the site. With a
ber of differing strategies
loyed: The application was subject to a S.106
stage scheme was agreement which required financial contributions
LU1 1BG
Bedfordshire
Luton
Dunstable Road
articulated storey height
jecting architraves at
towards education provision (£220,000),
ere infilled with, what in
sidered overly complex
transport infrastructure (£120,000), recreational
Whilst remaining faithful contributions (£21,000), waste management,
discussed in section 4.3)
libraries and museums.
7 (07/00831/FUL)
n completely reworked
’s advice. The facade
e final scheme has been
pening out the horizontal
other storey and refining
ning permission (07/00831/FUL) was granted
anels – the effect being
he appearance of the
th May 2007 for the ‘Erection of 124 flats in
maintaining a distinctly
gle U shaped block 6-9 storeys in height’. This
enewed on notice dated 5th October 2010
to the façade places
e glazed components
0831/RENEW)
e perception that glass is
asonry – further counters
ss.
pplication
the scheme’s tower was subject to a S.106 P17034-GT-00-XX-RP-A-02400 D
plication stage, resulted
ement
hip with its which
base. Thisrequired financial contributions
rds education
principle features provision (£220,000),
acerbated by the then
heme’s
2.1 PLANNING | PLANNING HISTORY
port infrastructure (£120,000), recreational
dow orientated towards
s was originally formed
ibutions
material, which(£21,000),
brought
s. This has been much
waste management,
es(please
sal andseemuseums.
Elevation
2017 Pre Application
Pre-Application meeting
EXECUTIVE to discuss the Erection ofDesign&AccessStatement
P17034-GT-00-XX-RP-A-02400
SUMMARY
D&A Statement
15
December 2017
177 flats, comprising 122 one bedroom flats and 55
A rare opportunity to acquire a Freehold residential development site with full planning
wo bedroom flats, within
consents a partwithin
situated 4, 8a 10-minute
and 12walkstorey
of Luton town centre and 1 mile of Luton train station
building with associated access, car parking and
andscaping. The subject property has a lapsed planning consent dated 14 Aug 2018 for redevelopment to provide 183 residential self-contained units,
comprising 133 one bedroom flats and 50 two bedroom flats within a part 5, 8 and 12 storey building.
P17034-GT-00-XX-RP-A-02400 Design&AccessStatement
The subject property also benefits from a historical planning consent for redevelopment to provide 214 residential self-contained units,
comprising 195 one bedroom flats, 15 two bedroom flats and 4 three bedroom flats.
The site extends 0.575 acres in Luton town centre
Situated in Bedfordshire, Luton, can access central London in 25 minutes via rail
Seeking offers in excesses of £3,500,000 subject to contract and exclusive of VATHILL LILLEY
BOTOM
SUNDON PARK
BRAMINGHAM BARTON BUSHMEAD
ROAD WARDEN HILLS ROAD
TOPHILL
STOPSLEY
LOCATION
13 - 31 BURY PARK BIRDSFOOT
Situated in Bedfordshire, Luton is large town approximately 30 miles north of London, 9 miles west Stevenage, 17 miles
LANE
south east of Milton Keynes, 5 miles south of
Hemel Hampstead and St Albans.
HOCKWELL RING BARNFIELD
GRANGE B579 HITCHIN
AVENUE BLUNDELL ROAD
M1 HIGH
ROAD
NEW BEDFORD PUTTERIDGE Luton is well located, being set immediately to the east of the M1 (served by junctions 10, 10a and 11). The M1 provides easy
STREET ROAD access to the M25 London Orbital,
LEAGRAVE BISCOT
LEWSEY approximately 13 miles to the south, and to the Midlands and the North. The A505 also provides a key route between the
WALLER
South East and East Anglia, connecting
MONTROSE
AVENUE
AVENUE
A5228 Luton with the A1 and the M11.
LEAGRAVE
ROAD
A505 A505 MAIDENHALL
TRANSPORTATION
CRAWLEY GREEN
M1 ROAD
TIN TOWN
LU1 1BG
Bedfordshire
Luton
Dunstable Road
A505
ST ANNS HILL Luton is served by a number of key local road connections such as the A6, A505 and A1080, which serve a number of
KIMPOT DARLEY
WIGMORE local
ROADcentres including Harpenden, Hitchen
BURY PARK 13-31 EATON GREEN
and Hemel Hempstead.
HIGH TOWN ROAD
HATTERS WINCH HILL
WAY
CHAUL END A6 Public transportation facilities are excellent with Luton railway station providing access (via National Rail) to Central
DALLOW
HART HILL London (fastest journey time 23 minutes), the South Coast and the East Midlands.
LUTON
A505
LUTON The town has a second station, Luton Parkway (for Luton Airport) around a mile to the south west of the main station (and
M1 on the same train line from London to the
AIRPORT
LONDON LUTON Midlands); a DART rapid transit interchange between Parkway Station and the Airport is currently under construction, due
B4540
FARLEY HILL WAY AIRPORT DANE
NEW TOWN STREET to open in late 2021.
PARK TOWN LUTON AIRPORT
PARKWAY
SITUATION
The site is situated in a prominent position on the corner of Dallow Road, Dunstable Road and Hatters Way.
The site is located on the north-western edge of Luton town centre, adjacent to the ring road (A505) and its junction
with Hatters Way. The site is within walking
distance of Luton town centre which includes access to Luton train station and local restaurants and shops.
DEMOGRAPHICS AND LOCAL ECONOMY
Luton is an established commercial centre for its manufacturing industry, which includes a large Vauxhall Motors
facility. Luton is also well known for its airport, which lies to the south east of the town and much employment in the
town is related to the airport and its operation.
Luton is one of the main locations of the University of Bedfordshire, with one of its principal campuses situated in the
town centre. Additionally, there are a number of schools and colleges in Luton, including Luton Sixth Form College,
Caddington Village College and Barnfield College.
Luton Borough Council has launched a £1.5 billion inward investment programme aimed at completely transforming
the town over a 20 year period. Luton BC is working in partnership with investors and developers on a number of 13 - 31
schemes, including a 395-acre Airport Enterprise Zone. London Luton Airport is subject to a £160m modernisation
scheme due for completion in 2021 and there is also the £225 million the DART rail line under construction, linking the
Airport to Parkway Station.
A further £3.2 billion is scheduled to facilitate a range of modern development projects and infrastructure
improvements to the town centre. Some of the regeneration projects include Butterfield Business Park (Henry Boot
Developments), Sloane International luxury apartments and Power Court (British Land), as well as major upgrades to
The Luton Mall, High Town area and a new football stadium.
The 395 acre Luton Airport Enterprise Zone will consist of three linked sites surrounding Luton Airport: Bartlett
Square, Century Park and Airport Business Park. This opportunity is being promoted by Luton Council in partnership
with London Luton Airport Limited and South East Midlands Local Enterprise Partnership (SEMLEP) and could create
up to an estimated 10,000 jobs.SITE DESCRIPTION
13 - 31
The site is situated in a prominent location, fronting the roundabout to the north side of Luton town centre spanning 0.575 acres. The site is broadly
rectangular in shape on the north west of the A505. The property fronts Dunstable Road and also benefits from vehicle access from Dallow Road.
There are currently no buildings on the site, and the previous terrace of residential properties have been demolished and removed. We also
understand that all services have been removed from the site.
We understand that the approximate dimensions of the area are as follows:
Ft
HEALTH
CENTRE Hectares
13
Frontage To Dunstable Road 56.28m 185 ft
-3
1
Site Depth 39.650m 130 ft
LU1 1BG
Bedfordshire
Luton
Dunstable Road
GURU NANAK
GURDWARA
Site Area 0.233 ha 0.575 acres
ST MARYS
NURSING CENTRE
PLANNING
We understand the below applications have been approved. Under the most recent planning application and S106 agreement, the obligation to
provide affordable or social housing has been replaced by a payment of £504,000. The development will therefore be entirely private housing. There
are further contributions
We have been informed that there is no CIL payment due on the proposed development.
Reference Date Decision Detail
14 Aug 2018 Erection of 183 flats, comprising 133 one bedroom flats, 50 two bedroom flats, within a part 5, 8 and 12 storey building with associated access, car parking and
17/02130/FUL Permitted
landscaping - Resubmission | 13 - 31 Dunstable Road Luton Bedfordshire LU1 1BG
25 Jan 2017 Erection of 214 flats, comprising 195 one bedroom flats, 15 two bedroom flats and 4 three bedroom flats, Part 8 and part 12 storey building with associated
16/01499/FUL Permitted
access, car parking and landscaping. | 13-31 Dunstable Road Luton Bedfordshire LU1 1BG
Lying adjacent to the Rothesay Road Conservation Area and flanking Dallow Road, the building is set at 5 storeys rising to 6 storeys. The busier Dunstable Road is flanked by an 8-storey wing. A 12-storey tower is situated at the traffic interchange
between Dunstable Road, Hatters Way and Telford Way.
The design of the scheme attempts to reflect the materials in the surrounding area, but also provides a mix of high-quality stone, glass, brick and wooden elements. The external specification is varied, part-clad in metal framework lattice and
part-clad in brick. Brickwork elevations have detailed horizontal and vertical projecting architraves and window, door frames and exposed metal work are to be finished with bronze coloured powder coated metal.
LUTON RESIDENTIAL MARKET
BUILD TO SELL BUILT TO RENT
Luton has a strong residential market with sale prices in reaching in excess of £480 capital value per sq ft. Below are some Luton and LU1 are popular locations for private renters with Dunstable Road being a desirable location for occupiers due to its
notable schemes in the vicinity: proximity to Luton town centre and local amenities where prices range between £950pcm - £1000pcm. The immediate
location offers more affordable accommodation than schemes directly within the town centre boosting its popularity.
Pearman Court, 19 Collingdon Street is situated 0.3 miles away from the subject property and is a development of 103 x one, two
and three bedroom flats constructed by Acre Invests in Q4 2020. Sycamore Court, Crawley Green Road a development of new build flats finished to a high standard. It is situated within walking
distance to Luton mainline train station and Parkway station.
144 Midland Road is a 7 and 8 storey development comprising 25 one-bedroom and 15 two-bedroom flats with restaurant at
ground floor level. The developer obtained planning permission in June 2020 for a further 2 x one bedroom flats through the The Elms, 26 John Street a development of new build flats finished to a good specification with balconies and fully-integrated
conversion of the A3 area. kitchen. The secure development also includes a communal bike storage area, refuse areas and further benefits from
communal landscaped gardens.
New Bedford House, 41 - 43 Dudley Street is a recently constructed development of one and two bedroom flats, benefiting from
a communal area, roof gardens and terraces, lifts and 24hr manned reception service. STUDENT
Luton is one of the main locations for the University of Bedfordshire, with a population of over 20,000 students. The University’s
The Old Court House, Alma Street is a mixed-use PD development of 118 x Manhattan-style studio, one and two bedroom flats Luton campus is located in the town centre and Fitzroy and Wenlock Courts are the only official student accommodation
constructed by LEOS International, located in Luton town centre adjacent to St. George’s Square. options in Luton. There is a limited supply of Private Student Accommodation in Luton with schemes such as Apex, Homes for
Student Hatbox and The Stack reaching in excess of £150pw.Typical First - F
1 Seventh Floor 2
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13-31 Dunstable Road, Luton, LU1 1BG
25/05/2018
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Saxon House 48 Southwark Street London SE1 1UN 020 3696 5530
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VEHICLE ENTRANCE
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LU1 1BG
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KTENURE
Freehold
PROPOSAL
Offers are invited on an unconditional basis.
basis. We are instructed to seek offers in excess of £3,500,000
(Three Million, Five Hundred Thousand Pounds) subject to contract only and exclusive of VAT.
The site is for sale on behalf of joint fixed charge receivers.
Identity checks - In order to comply with anti-money laundering legislation, the successful purchaser
will be required to provide certain identification checks. The required documents will be confirmed
and requested from the successful purchaser at the relevant time.
Andrew Cain
Andrew.cain@cbre.com
07816 360 746
Izzy Johnstone
Izzy.Johnstone@cbre.com
07867 187 693
DISCLAIMER PROPERTY DETAILS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending
purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. We have not carried out a detailed survey nor
tested the services, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings. The measurements given are approximate. No person in this firms employment has
the authority to make or give any representation or warranty in respect of the property.
Designed and created by S T U D I
O
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