** EXCELLENT VALUE ONE BEDROOM FLAT WITH LONG LEASE (114 YEARS REMAINING) LOCATED CLOSE TO LUTON TOWN CENTRE AND TRAIN STATION ** OFFERS POTENTIALLY EXCEPTIONALLY GOOD RENTAL YIELD **

This excellent value 1st floor one bedroom flat is a must see for the investors. Features a long lease term with 114 years remaining and is located in a PRIME rental area with high demand. Accommodation includes communal entrance, entrance hall, open plan dual aspect lounge/kitchen, separate bedroom with an en-suite shower room. Also benefits from C rated EPC that is higher than average. In need of some improvement but with a GROSS RENTAL YIELD of up to 16 % and an expected monthly rental value of up to £900 (after works are carried out) it could be a very attractive purchase that can have value added with decorative attention. Offered with vacant possession and by auction for a fast and easy process.

Tenure

Leasehold. 125

INSIDE

COMMUNAL ENTRANCE ENTRANCE HALL OPEN PLAN LOUNGE/KITCHEN 13'8 X 13'7 BEDROOM 10'4 X 8'4 EN-SUITE SHOWER ROOM

OUTSIDE

COMMUNAL PAVED ENTRANCE YARD PARKING, ON STREET ZONED PERMIT PARKING LEASE DETAILS, 125 YEAR LEASE WITH APPROX 114 YEARS REMAINING, FOR ANY GROUND RENT AND SERVICE CHARGE INFORMATION PLEASE REFER TO THE LEGAL PACK

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Luton Borough Council

Additional Fees

Buyer's Premium - The purchaser will be required to pay a premium charge of £3000 (£2500 plus vat)

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.