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A Guaranteed Leasehold Investment Opportunity Situated within Purpose Built Student Accommodation Producing £15,693 per annum
The property comprises a shared student living flat to provide three bedrooms each with en-suite facilities and a communal open plan reception with kitchen area. The accommodation is situated on the first floor of a modern purpose built student development arranged over ground and four upper floors.
Tenure
Leasehold. The property is held on a 250 year lease from 01/01/2015 (thus approximately 245 years unexpired).
Location
The property is situated minutes from Luton town centre close to local shops and amenities. There are numerous open spaces within easy reach. Transport links are provided by Luton rail station.
Accommodation
First Floor Three Bedrooms with En-suites Communal Living and Kitchen Area
Exterior
The property benefits from communal gardens, gym, cinema room and roof top terrace.
Tenancy
The property is subject to a guaranteed tenancy for a term of five years commencing 01/10/2017 (thus approximately three years remaining) at a rent of £15,693 per annum.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
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
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.