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

Guide price: £50,000.00|Auction date: 2020-12-03|Lot: 13|Flat, Residential

PROPERTY DETAILS

ADDRESSSuite G17 London Park House, 146-158 Park Street, Luton, LU1 3EY
TYPEFlat, Residential
TENUREFor Sale Leasehold
TENANCYInvestment
POSTED ON19th November 2020

DESCRIPTION

LIVE STREAMED AUCTION ON THU 03/12/2020 AT 2:30PM

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

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.

Tenure

Leasehold

Accommodation:

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

Lease:

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

Rental Income:

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

Ground Rent:

£250 pa.

Service Charge:

£2,090 pa.

Management Fee:

8% of rental income.

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Luton Borough Council - 01582 546000

Solicitors

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

Additional Fees

Buyer's 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.

Viewing Times

Please call Auction House Robinson & Hall on 01234 362899 to arrange a viewing

LOCATION

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

Luton (0.5 miles)

Luton Airport Parkway (0.6 miles)

Leagrave (2.9 miles)

AGENT'S DETAILS

PROPERTY AGENT
Auction House Robinson & Hall
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