Consented Residential Development Opportunity

1-5 Latimer Road, Langley Street & 12 Albert Road Luton LU1 3UZ

Menu

The Scheme

Modern Town Centre Flatted Development

  • Detailed planning consent (ref: 16/01102/FUL) granted in June 2017 for a 238 unit scheme providing c. 137,795 sq ft Net Internal Area (NIA);
  • Fully private scheme with no affordable housing requirement;
  • Development comprises 2 x studios, 137 x 1 bed flats, 99 x 2 bed flats with a ground floor commercial unit (A3/A4);
  • The design of the scheme comprises 3 separate blocks ranging from 4 to 9 storeys in height and adopt a modern architectural style. 
  • Undercroft parking providing 43 spaces and a further 56 cycle spaces with scope to increase if necessary;
  • Section 106 has been agreed with the total contribution calculated at £665,782. We understand that no CIL contributions are required - but LSH recommend that all parties make their own enquiries;
  • The scheme is potentially suitable for both Market Sale and Build to Rent;
  • Planning permission has been implemented.