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A Three Bedroom Investment Opportunity Situated within Purpose Built Student Accommodation Fully Let Producing £16,680 per annum
The property comprises a shared student living flat arranged to provide three bedrooms all with en-suite and a communal open plan reception room 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.
Leasehold. The property is held on a 250 year lease from 01/01/2015 (thus approximately 244 years unexpired).
The property is situated minutes from Luton town centre and close to Bedfordshire University, local shops and amenities. There are numerous open spaces within easy reach. Transport links are provided by Luton rail station.
First Floor Three Bedrooms with En-suites Communal Living and Kitchen Area
The property benefits from its own communal gardens, gym, cinema & games room, study areas, and roof top terrace. This is alongside necessities such as laundry, Wi-Fi, secure bicycle storage and has 24 hour security.
The property is subject to three separate assured shorthold tenancy agreements producing a combined income of £1,390 pcm.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.