Description
** STUDIO FLAT, CLOSE TO LUTON TOWN CENTRE ** EXCELLENT RENTAL POTENTIAL WITH UP TO A 20 % GROSS YIELD POSSIBLE ** Within walking distance of local amenities in a very popular rental area and situated in a quiet residential side street. In need of renovation with scope to add value.
Auction House Beds and Bucks are pleased to present this excellent value first floor studio flat for renovation. Accommodation comprises a communal entrance, a 13 x 12 studio room (bedroom/living room) separate kitchen and a shower room. The property features double glazed windows, electric heaters, and a 99 year lease with 79 years unexpired. With improvements made this property should generate around £750 PCM in rent, which would be a GROSS YIELD OF UP TO 20%!! Located in a quiet residential area, within walking distance of Luton Town Centre and Train Station, making it an ideal candidate for a rental investment.
ACCOMODATION
Communal Entrance
Studio Room 13 x 12
Kitchen 9'4 x 5'10
Shower Room
PARKING
On street parking
Tenure: Leasehold
Lease Details: 99
EPC Rating: E
LEASE DETAILS:
99 YEAR LEASE FROM 2005, WITH 79 YEARS UNEXPIRED. PEPPERCORN GROUND RENT, SERVICE CHARGE INFORMATION CURRENTLY AWAITED, PLEASE SEE LEGAL PACK
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
Buyers Premium - £1,500 + VAT
Administration Charge
Administration Charge - £950 + VAT
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- Unconditional (Immediate Exchange)
Call the team on 01908 030127 for more information
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