** GROUND FLOOR MAISONETTE CLOSE TO LUTON TRAIN STATION ** LONG LEASE (106 YEARS) AND OFFERS UP TO A 13 % GROSS RENTAL YIELD **
Description
** GROUND FLOOR MAISONETTE CLOSE TO LUTON TRAIN STATION ** LONG LEASE (106 YEARS) AND OFFERS UP TO A 13 % GROSS RENTAL YIELD **
This excellent-value ground floor maisonette, offered for auction, presents an ideal investment opportunity. It benefits from a long lease with approximately 106 years unexpired and offers the potential to achieve up to a 13% gross rental yield at the guide price. Requiring some updating, the property would make an ideal light refurbishment project for either resale or a medium- to long-term rental investment. The property extends to over 400 sq ft and features a modern open-plan layout. This opportunity is further enhanced by its excellent central location, strong local demand, and achievable rental values in the region of £800–£850 per month for comparable properties
Tenure: Leasehold
EPC Rating: F
ACCOMODATION
ENTRANCE
LOUNGE/KITCHEN 17'8 X 10'0
BEDROOM 11'10 X 10'0
SHOWER ROOM
OUTSIDE
ON STREET PERMIT PARKING
LEASE DETAILS:
With an unexpired term of 106 years. With a ground of £100 PA subject to review in 2032.
SERVICE CHARGES:
Our client has been unable to provide this information to us because they are an Asset Management Company with limited knowledge of this property. Because of this we are unable to provide figures relative to the current charges applicable to this property.
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
£3000 (£2500 plus VAT)
Administration Charge
£1,140 (£950 plus VAT).
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- Unconditional (Immediate Exchange)
Call the team on 01908 030127 for more information
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