Important Notice - Coronavirus (COVID-19)
  • For Sale By Unconditional Online Auction
  • Guide Price* : £46,000+
  • Bidding Opens 09/03/2021 12:00

Suite G17 London Park House, 146-158 Park Street, Luton, Bedfordshire, LU1 3EY

A purpose built ground floor studio apartment built in 2013 currently let under an assured tenancy agreement, currently achieving £650 pcm.

Location

Located in London Park House within 0.5 miles of Luton town centre and railway station.

Description

Purpose built studio located in London Park House within 0.5 miles of Luton town centre and railway station. The property was constructed in 2013 and comprises a living/sleeping area with kitchenette and private bathroom.

Within the complex there is a full time accommodation management and maintenance team, private gym and large entertainment area.

Ground Rent:
£250 pa.

Service Charge:
£2,090 pa.

Management Fee:
8% of rental income.

Solicitors Details:
Palmers Solicitors
Yagnesh Shah - yshah@palmers.co.uk
Hassett House, Hassett Street, Bedford MK40 1HA
01234 211161

Accommodation

Entrance into the living/sleeping area with a kitchenette and bathroom.

Tenure

Leasehold - 250 years from 1 January 2013 (242 years remaining).

Tenancy

The property is currently let under an assured shorthold tenancy agreement, currently achieving £650 pcm.

Lot Type

Residential Investments

EPC Rating

B

Buyers Premium

There is no Buyer's Premium payable on this lot.

Administration Charge

Purchasers will be required to pay an administration fee of £1,200 incl. VAT.

Disbursements

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Bidding not yet open
Minimum Opening Bid

£46,000


Bidding Opens On
9th Mar 2021 12:00
End Date

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* Guide | £46,000+
  • Studio
  • 1 Bedroom
  • Tenure: Leasehold - 250 years from 1 January 2013 (242 years remaining).
  • Unconditional (Immediate Exchange)

Call the team on 01234 362899 for more information

Viewing Times

From To Note
05/03/2021 16:00 05/03/2021 17:00

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.