*Guide | £16,500 (plus fees)
- Studio
- 1 Bedroom
- Tenure: Leasehold.
Call the team on 0333 358 2245 for more information
** STUDIO FLAT, CLOSE TO LUTON TOWN CENTRE, WITH AN UNEXPIRED LEASE TERM OF 106 YEARS AND PEPPERCORN GROUND RENT **
This well-located basement studio flat offers an excellent opportunity for investors and would make an ideal addition to a rental portfolio. The property is held on a 125-year lease, with approximately 107 years remaining, and benefits from a peppercorn ground rent. Situated close to the town centre and a range of local amenities and public transport links, the property is also conveniently located within a short drive of the M1 motorway and London Luton Airport. The property is in need of general refurbishment, providing an opportunity for the incoming owner to modernise and improve the accommodation. Please note that a communal entrance door key is currently awaited. As a result, access to the property may not be possible prior to the auction, and prospective purchasers should take this into consideration when bidding.
Tenure
Leasehold.
SPECIAL NOTE
Please be aware that, at present, we are unable to access the property as the seller has been unable to secure a copy of the communal entrance door key. The property has previously been inspected, and the accommodation has been confirmed. It should also be noted that the property is in need of general refurbishment. Upon completion of the sale, the new owner will be provided with the keys to the property. However, it will be the new owner's responsibility to obtain access to the communal entrance and make any necessary arrangements with the relevant parties to secure a communal door key.
ACCOMMODATION
COMMUNAL ENTRANCE With a code entry door, leading to a further communal entry door INSIDE The property consists of an open plan studio room, with a kitchen area and a separate bathroom. We have been unable to access the property to take measurements or draw up a floor plan. LEASE DETAILS The property is subject to a 125 year lease with around 106 years remaining with a peppercorn ground rent. SERVICE CHARGE INFORMATION: Our client has been unable to provide this information to us because they are an Asset Management Company with limited knowledge of this property. Because of this we are unable to provide figures relative to the current charges that may be applicable to this property
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Luton Borough Council
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
Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £2000 plus vat (£2400)
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
