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A Commercial and Residential Investment Producing £31,200 Per Annum. Offered with Planning Permission to Erect Another Floor to Create an Additional Flat.
The property comprises a mid terrace building arranged to provide a ground floor shop with two x one bedroom flats above.
Tenure
Freehold
Location
The property is situated in the heart of Luton close to local shops and amenities. The open spaces of Stockwood Park are within easy reach. Transport links are provided by Luton rail station (0.3 Miles).
Planning
Luton Borough Council granted the following planning permission (ref:18/00820/FUL) on 29th August 2018: 'Conversion and change of use of ground floor from A3 to 1 bed flat and 3rd floor extension to create additional flat and relocation of enclosed fire evacuation stairs' (We have been advised by the vendor that the works have already been started therefore the planning permission is still valid).
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.