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Station Place, Midland Road, Luton

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Station Place, Midland Road, Luton STATION PL ACE LUTON MIDLAND ROAD & BURR STREET, LUTON, LU2 0HR OPPORTUNITY TO DEVELOP 291 (ALL PRIVATE) APARTMENTS WITH CONNECTION TO LONDON ST PANCRAS INTERNATIONAL IN 23 MINUTES 1 MIDLAND & BURR ROAD 0HR LUTON, STREET, LU2 EXECUTIVE SUMMARY • Development site for sale measuring c. 2.34 acres (0.947 hectares) with planning permission approved for a contemporary residentially led mixed-use scheme. • Situated adjacent to Luton Station (National Rail) with a journey time of approx. 23 minutes to London St Pancras International and c.300 metres from Luton Town Centre and its multitude of amenities. • The proposed scheme comprises 291 (all private) apartments across 174,709 sq ft NSA in seven blocks along with 5,576 sq ft (NIA) of retail use. The proposed Gross Internal Area (GIA) of the scheme is 232,279 sq ft. • Residential element features 48 x studio flats, 98 x one beds, 138 x two beds & 7 x three beds. • The site is to be sold with the benefit of full vacant possession. • Asking price £10 million. CGI OF PROPOSED SCHEME FROM MIDLAND ROAD 2 LOCATION MIDLAND & BURR ROAD 0HR LUTON, STREET, LU2 The site is situated within Luton, within the Tesco & TK Maxx. The Mall occupies approximately London Luton Airport is 2.3 kilometres to the open green space at The Moor, with the River Lea administrative boundaries of Luton Borough Council. 1 million sq ft, with over 100 retailers. It is currently south east of the site and typically carrying over running through, circa 600 metres to the west. The site is situated on Midland Road & Burr Street, undergoing a £7million upgrade to enhance the 10,000,000 passengers per annum, it is the UK’s within 100 metres of Luton Station to the south, space currently on offer. sixth busiest airport. It is currently being expanded The 100 hectare Stockwood Park is 1.7 kilometres within a mixed-use, medium density area. The site is resulting in more jobs and visitors to the area. to the south west of the site, which includes large situated within the ‘High Town’ district, which sits on Luton has a multitude of amenities on offer. recreational space, a golf course, athletics track, the fringe of Luton Town Centre. This includes a range of bars and restaurants in The Luton Campus of the University of Discovery Centre and rugby and equestrian facilities. the centre of London, as well as an 11-screen Bedfordshire is similarly in Luton, approximately Luton is an established large town, borough, and Cineworld cinema, 16-lane Tenpin bowling alley, 550 metres to the south east of the site. This ZSL Whipsnade Zoo, Dunstable Downs, commercial centre in Bedfordshire, 30 miles (50 indoor market, football stadium (Luton Town complex includes the STEM (Science, Technology, Wardown Park and Luton Hoo stately home are kilometres) north west of London. The railway link Football Club) and other sports facilities. Engineering and Mathematics) building, Business all within a short drive. to London is exceptionally convenient from Luton School, a seven storey library and Postgraduate Station (National Rail), with a fastest journey time The location benefits from excellent road & CPD Centre, in addition to other facilities. of approximately 23 minutes. connections with easy access to the M1 Motorway The University of Bedfordshire has circa 20,000 at Junction 10 which is approximately 3.4 kilometres students, across a number of different campuses. The Mall Shopping Centre is situated approximately to the south, and Junction 11 is 4.1 kilometres to the 350 metres to the south west of the site. The north west. The neighbouring towns of Milton Keynes, There are a number of Public parks within walking shopping centre dominates Luton town centre and Bedford and St Albans are within a 30 minute distance of the site; namely, People’s Park is incorporates popular retailers such as Anytime drive, offering further amenities. 450 metres to the north and Popes Meadow is Fitness, Argos, Boots, Debenhams, H&M, River Island, 700 metres to the north west. There is additional LUTON – WELL CONNECTED THE SITE CONNECTS TO LONDON ST PANCRAS INTERNATIONAL M1 MOTORWAY IN APPROX. 23 MINUTES. LUTON AIRPORT EASY ACCESS TO JUNCTION LONDON LUTON AIRPORT 10 OF THE M1 MOTORWAY LONDON ST PANCRAS CAN BE REACHED WITHIN IN UNDER 5 MINUTES. INTERNATIONAL APPROX. 10 MINUTES. LONDON LUTON AIRPORT LUTON TOWN CENTRE THE MALL HIGH TOWN ROAD STOCKWOOD PARK & POND 3 MIDLAND & BURR ROAD 0HR LUTON, STREET, LU2 Crown Copyright 2019. All rights reserved. Licence number 100022432. EXISTING VIEW OF SITE, FACING NORTH WEST EXISTING The site extends to approximately 2.34 acres (0.947 hectares). Vehicular access into the site is available primarily from Burr Street, The topography of the site slopes from north west to south east. with additional pedestrian access from Midland Road. The site levels vary by at least 6 metres across. There are no trees or hedges within the site. The site is adjacent to an The site comprises two distinct elements: 10 Midland Road and electricity substation, on the corner of Midland Road / Burr Street, 19-21 Burr Street, both within the same ownership. which will remain as part of the proposed scheme. 10 Midland Road comprises a large four storey warehouse and large To the north of Burr Street lies mixed commercial usage, which associated forecourt, currently occupied by Auto Inn Cars Ltd (a car typically includes vehicle valeting and servicing garages. There are sales company), with associated forecourt. It also comprises of a number low rise buildings, with ground floor retail use, along High Town Road to VIEW OF SITE FROM BURR STREET, FACING WEST of smaller storage and warehouse units facing Burr Street. the west. There is existing Public Space located on the Burr Street / High Town Road junction, which the local council has plans to renovate. 19-21 Burr Street comprises a range of single storey light industrial buildings, currently occupied by a second-hand car dealer. The site is situated opposite the Luton Station Multi-storey Car Park, mainly used by commuters travelling into London from Luton Station, The site sits between Midland Road to the south and Burr Street to and built by Network Rail in 2011. It has 729 car parking spaces, and the north, and it borders the rear of properties along High Town Road the bulk of its structure is over 20 metres in height. to the west, a newly built residential development to the east and warehouses / light industrial properties to the south east. There is a There is a newly built modern four storey development of 97 apartments part single part two storey Bosch Car Service office and workshop, at Gillam Court to the east of Midland Road, which comprises affordable fronting Burr Street, adjacent to the site. units operated by Paradigm Housing. VIEW OF SITE FROM MIDLAND ROAD, FACING NORTH WEST 4 DEVELOPMENT PROPOSAL MIDLAND & BURR ROAD 0HR LUTON, STREET, LU2 Station Place will provide a total There is retail space provided within of 291 new private units, including Block A1 (4,101 sq ft) and in Block B a mixture of studios, one, two and (1,475 sq ft), facing the Public Piazza, three bedroom apartments. The providing a complimentary use to the proposed scheme includes seven residents. This will provide a total of blocks, ranging in height from three 5,576 sq ft (NIA) of new retail space. to seven storeys, with the inclusion In terms of internal space, Block of a new Public Piazza, Central Public A2 will have a first floor amenity / Square, courtyards, amenity and communal use area of 2,250 sq ft retail space, balconies to some of the and Block C will have a ground floor units, secure car parking (including amenity / communal use area of 850 ‘car club’) and landscaped communal sq ft (3,100 sq ft in total), which can areas. All existing buildings on site be used by the residents as part of will be demolished. the scheme. The proposed architecture is The apartments will include stair contemporary in style, comprising cores and passenger lifts, serving traditional brickwork and metal all floors. Many of the flats will cladding. The scheme will incorporate incorporate a balcony as private an active frontage onto Midland Road outdoor amenity space. There are 57 and the corner of Burr Street / High secure car parking spaces in total, Town Road, allowing the scheme to which whilst built undercroft will be permeable and accessible for all CGI AERIAL VIEW OF PROPOSED SCHEME appear underground owing to the future occupants. All the units will topography of the site, and a further be for private sale, and there is no 6 car parking spaces (including 2 ‘car affordable housing tenure. club’ spaces) fronting Midland Road. The proposed residential mix There will be a Public Central Square comprises 16% studios, 34% one bed in the centre of the scheme, as apartments, 47% two bed apartments communal amenity space, along with and 2% three bed apartments. The a new Public Street / pedestrian proposed scheme will provide a total walkway from Midland Road and of 174,709 sq ft (Net Saleable Area). Burr Street. There will also be an There will be seven blocks in total (A1, upper and lower courtyard, along A2, B, C, D, E & F). Blocks A1, A2, B, C with landscaped grounds. The & D form part of the 10 Midland Road scheme will also include ample bin planning permission and Blocks E & and cycle storage. F form part of the 19-21 Burr Street The height of the proposed scheme planning permission. Vehicular and peaks in the centre of the site, with pedestrian access will be from both Blocks A2, B and C arranged over Midland Road and Burr Street.
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