Property Summary
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Bedroom: 47
Property Description
ICON Hotel – Prime 47-Room Hospitality Asset in Central LutonStuart Street, Luton
£380,000 per annum exclusive
Available Immediately
Viewings by Appointment Only
An exceptional opportunity to lease the ICON Hotel, a fully operational and fully furnished hospitality property strategically located in the heart of Luton. Offering 47 letting units across 29 hotel rooms, 17 serviced apartments, and 1 luxury suite, this property is ideally suited for hotel operators, serviced apartment providers, or apart-hotel strategies.
Key Highlights:
Total Bedrooms: 47 (29 rooms + 17 apartments + 1 suite)
En-suite Bathrooms throughout, with additional guest WCs
Fully Furnished and ready for immediate occupation
On-site Parking: 10 vehicle spaces
Deposit: Negotiable
Rent-Free Period: Subject to negotiation
Annual Rent: £380,000 (exclusive of bills)
Referencing: Established operator required
Viewing: Strictly by appointment
Additional Potential:
Opportunity to convert the gym/lounge area into 4 additional units (subject to works, approx. £50,000 cost), offering potential for increased returns.
The layout and size of the property makes it highly flexible for a range of commercial accommodation strategies, including long-stay serviced apartments, short-let hotel operations, or specialist use such as contractor or corporate housing.
Commercial Terms:
Fee: 15% + VAT of the annual rent, payable by the ingoing tenant
Lease Type: To be negotiated with the freeholder's agent
Availability: Immediate
