Investment Opportunity Comprising Two Tenanted Maisonettes plus Freehold Producing £17,800pa

Description Comprising a traditional mid-terrace house of brick construction under a pitched tiled roof, converted to provide 2 x one bedroom maisonette apartments over ground and first floor. Accommodation 422a Hitchin Road - a ground floor maisonette accessed via a self-contained entrance to the rear of the property and provides kitchen, lounge, shower-room and double bedroom with additional room suitable for refurbishment. This maisonette benefits from a generous size rear garden. 422b Hitchin Road - a first floor maisonette accessed via a self contained entrance to the front of the property and provides entrance hallway with staircase leading to the first floor landing, lounge, shower room, kitchen, double bedroom. Tenancy Schedule 422a (ground floor) - let on an AST from November 2017 at £750 pcm/£9,000 pa 422b (first floor) - let on an AST from January 2018 at £700 pcm/£8,400 pa Freehold - ground rent totalling £400 pa Total Income - £17,800 per annum

Tenure

See Legal Pack

Location

The property is located fronting Hitchen Road in the area of Stopsley, North East Luton, close to local amenities including shops, village, church, schools and leisure facilities. Luton city centre lies approximately 3 miles from the property and can be accessed via the M5 and A5 motorways.

Tenure

The property is held freehold and subject to two long leases (please see legal pack for further information).

Energy Efficiency Rating (EPC)

Current Rating E & D

Local Authority

Luton Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.