The Stack, 33 Upper George Street, Luton
Student Accommodation Ground Rent Investment
- Ken Morgan
- Phone Number:
- 020 7079 1953
- Secure log let commercial ground rent investment.
- Student accommodation building of 10,800 sq ft GIA comprising 40 studio rooms over four floors with ground floor restaurant.
- Central location in the busy south east town of Luton, home to the University of Bedfordshire.
- Let to Upper George Street Investments Limited for a further 118 years at a current ground rent of £53,890pa, subject to review in April 2027 and five yearly thereafter to RPI (Collard at 1% and 4%).
A five-storey student accommodation building. Originally an office, the building was concerted in 2015/16 to provide 40 studio rooms over first to fourth floors, with a ground floor restaurant.
Access to the building is via a short path from Upper George Street into a ground floor reception and lobby area. Stairs and a single lift serve all floors. The upper floors are identical in layout with seven ensuite studio room incorporating a small kitchenette, and three studio rooms sharing a bathroom and kitchen. Laundry facilities are provided on each floor.
The ground floor is used as a restaurant with terrace to the front.
Externally a small rear yard is accessed from the lobby of the student accommodation and is utilised for bike storage.
The property has an EPC rating of D. A copy of the EPC Report is available on request.