LOT
22
An extended bay-fronted semi-detached house with off-road parking and a long rea...
*Guide Price | £325,000+ (plus fees)
A block of nine x one bedroom apartments, well located in Luton only 0.7 miles from Luton town centre and mainline station.
The conversion to 8 x 1 bedroom apartments and a 1 x duplex apartment with 1 bedroom was completed in 2009, passing all requirements of planning and building control. All apartments are self-contained with accommodation comprising sitting/dining/kitchen, bedroom and bathroom each with their own independent electricity and water meters. Outside there is off road parking and a communal garden with a public car park next to the park and parking at the rear of the actual premises. There is also potential to build further at the rear subject to local planning authority consents.
At present apartments 1, 2, 3, 4, 5 and 6 are rented, generating an annual rental income of £51,000, and apartments 7, 8 and 9 are vacant after being recently refurbished. The location of the properties is at the upper end of Frederick St and across the road from The People's Park on Havelock Rd, and within close proximity to Luton Train Station via High Town Rd and the main town centre.
Freehold
Apartment 1 is subject to an Assured Shorthold Tenancy producing £600 pcm.
Apartment 2 is subject to an Assured Shorthold Tenancy producing £700 pcm.
Apartment 3 is subject to an Assured Shorthold Tenancy producing £875 pcm.
Apartment 4 is subject to an Assured Shorthold Tenancy producing £875 pcm.
Apartment 5 is subject to an Assured Shorthold Tenancy producing £600 pcm.
Apartment 6 is subject to an Assured Shorthold Tenancy producing £600 pcm.
Apartment 7 is vacant.
Apartment 8 is vacant.
Apartment 9 is vacant.
A
1: TBC, 2: E, 3: TBC, 4: TBC, 5: TBC, 6: TBC, 7: D, 8: TBC, 9: TBC.
VAT is not applicable
Luton Borough Council
01582 546 000
There is no Buyer's Premium payable on this lot.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Purchasers will be required to pay an administration fee of £1,500 incl. VAT
12:00pm
Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire MK7 6HL
This lot has been postponed, and is not being offered in our June auction.
Price Information
*Guides are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer’s premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
