Prime retail units at an award-winning mixed-use development on the site of a former car factory in Luton are being brought to market by leading commercial property consultants Kirkby Diamond.
Five units, ranging in size from 1,358 sq ft to 7,924 sq ft, are available to let at the Lu2on development, a new neighbourhood being created on a 6.9-acre site formerly occupied by Vauxhall Motors.
The flagship development, off Kimpton Road, is being delivered by London-based property developers Strawberry Star.
Lu2on will include 877 apartments, and over 21,700 sq ft of prospective boutique shops, a café, a gym, restaurants, park and a hotel with banqueting and conference facilities, believed to be the largest of its kind in Luton.
Lyanne Jacob, surveyor at Kirkby Diamond, said the company has been instructed by Strawberry Star to begin marketing the retail units available for occupation from Q4 this year.
She said: “Lu2on is an outstanding development in a fantastic location. We feel a gym, and a mix of unopposed independent retailers and high street brands, will sufficiently serve the sizeable community on their doorstep, and cater to the general public.
“As important as residential development is, we feel as much significance should be placed on the supporting infrastructure. Therefore, the Lu2on scheme is a welcome addition to Luton’s development pipeline.”
A hotel will benefit travellers, having a direct link to the terminal at London Luton Airport via the DART, attracting a sizeable transient community.
Lyanne added: “The new retail units will serve the needs of 877 new households and an additional 223 at the development next door, as well as the existing community. Not surprisingly, we are expecting very strong interest in these prime retail units.”
Luton is undergoing a renaissance, with a £1.5 billion investment programme over the next 20 years to improve infrastructure and services such as transport, business, roads, education and housing.