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Description

  • Status: Available
  • Type: Flat
  • Ownership: Leasehold
  • Occupation: Tenanted
  • Bedrooms: 3
  • Council Tax: Search

Stunning 3 bedroom executive apartment located in sought after building within Luton. Property will be sold with settled tenant in place giving immediate income of £1,375pcm (£16,500 per annum).

Large (807sqft), 3 bedroom, top floor, executive style apartment set in well maintained modern development. Comprises open-plan Kitchen/ Lounge/ Dining Room, 3 Double Bedrooms and 2 Bathrooms.

SUPER INVESTMENT OPPORTUNITY with capital growth potential. On a cost per square foot basis, this property is 23% less expensive than average for LU1 1RW. Presented in immaculate order throughout.

PERFECT INVESTMENT PROPERTY in HIGH DEMAND LOCATION sold with settled, long-term tenant in place. Immediate rental income of £16,500 per annum (£1,375pcm). Excellent payment history. Rent up to date.

100% PRIME LOCATION within Luton minutes' of the busy town centre boasting over 1 million unique visitors every year with a plethora of local and national retailers, bars, restaurants and attractions

Stunning 3 bedroom executive apartment located in sought after building within Luton. Property will be sold with settled tenant in place giving immediate income of £1,375pcm (£16,500 per annum). Large (807sqft), 3 bedroom, top floor, executive style apartment set in well maintained modern development. Comprises open-plan Kitchen/ Lounge/ Dining Room, 3 Double Bedrooms and 2 Bathrooms. SUPER INVESTMENT OPPORTUNITY with capital growth potential. On a cost per square foot basis, this property is 23% less expensive than average for LU1 1RW. Presented in immaculate order throughout. PERFECT INVESTMENT PROPERTY in HIGH DEMAND LOCATION sold with settled, long-term tenant in place. Immediate rental income of £16,500 per annum (£1,375pcm). Excellent payment history. Rent up to date. 100% PRIME LOCATION within Luton minutes' of the busy town centre boasting over 1 million unique visitors every year with a plethora of local and national retailers, bars, restaurants and attractions

100% PRIME LOCATION within Luton minutes' of the busy town centre boasting over 1 million unique visitors every year with a plethora of local and national retailers, bars, restaurants and attractions. Super location for access to transport including Luton Train Station and London Luton Airport making it one of the most popular commuter destinations for London with the journey taking approximately 35 minutes by rails and covering approximately 34 miles by car or bus.

Full Address: 7 Marlborough Court, Grove Road, Luton, LU1 1RW

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Tenancy Details

Type of Agreement: Basic Lease
Length: rolling
Rent: £16,500 per year / £1,375 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes:

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £271,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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