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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.
Tenure
Leasehold. The property is held on a 250 year lease from 01/01/2015 (thus approximately 244 years unexpired).
Location
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.
Accommodation
First Floor Three Bedrooms with En-suites Communal Living and Kitchen Area
Exterior
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.
Tenancy
The property is subject to three separate assured shorthold tenancy agreements producing a combined income of £1,390 pcm.
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.