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A fantastic opportunity to purchase a one-bedroom ground floor apartment currently let with two tenants paying £525 each per calendar month generating £12,600 pa an 11% yield.
The property is located in a prominent location close to Luton Town Centre, offering great access to London via the local train station and further amenities. The accommodation extends to approximately 300 sq ft comprising entrance hall, kitchen, bathroom and bedroom. The property comes with parking to the rear and a private grass area to the front.
Tenure
Leasehold. 63 Years
GROUND FLOOR
Communal entrance, entrance hall/lounge, kitchen, bedroom and bathroom
OUTSIDE
Parking
Energy Efficiency Rating (EPC)
Current Rating E
Local Authority
Luton Borough Council
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.
Additional Fees
Buyer's Premium - The purchaser will be required to pay a premium charge of £1,500 plus VAT.
Administration Charge - The purchaser will be required to pay an administration charge of £950 plus VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.