Description
** UP TO 20 % GROSS RENTAL YIELD (AT GUIDE) TWO BED TWO RECEPTION ROOM FLAT IN LU3 LUTON ** GREAT LOCATION **
A great investment opportunity, this spacious top-floor two-bedroom flat offers the potential for an impressive gross rental yield of up to 20% (based on the guide price and an estimated rental income of £1,000 PCM). Ideally suited to investors seeking strong returns, the property features two reception rooms, two bedrooms, separate fitted kitchen, shower room, and the added benefit of a residents' car park to the rear. Conveniently located close to Luton town centre and excellent public transport links in the popular LU3 area, the flat is offered with a 99-year lease term, with approximately 79 years remaining, and benefits from a peppercorn ground rent.
INSIDE MEASUREMENTS
Please note maximum floor space measured due to sloping ceilings in some areas of the accommodation
COMMUNAL ENTRANCE
With stairs to all floors, the property is on the top floor
ENTRANCE
Door to
LOUNGE 15'5 X 7'3
Double glazed window, eaves storage access, door to bedrooms, doorway to
DINING ROOM 14'6 X 9'10
Double glazed window, door to shower room, door to
KITCHEN 8'7 X 7'3
Double glazed window, fitted wall and base units, rolltop work surfaces, sink unit, integrated oven/hob. space for further appliances.
BEDROOM ONE 11'1 X 7'8
Double glazed window
BEDROOM TWO 7'8 X 6'8
Double glazed window
SHOWER ROOM
Shower cubicle, sink, WC, part tiled walls.
OUTSIDE COMMUNAL PATIO
PARKING
Resident car park to the rear, the lease states each flat is entitled to park one vehicle in the car park.
LEASE DETAILS With 79 years unexpired, peppercorn ground rent.
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.
Tenure: Leasehold
Council Tax Band
A
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
£1140 (£950 plus vat)
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- Unconditional (Immediate Exchange)
Call the team on 01908 030127 for more information
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