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Sold Prior | Lot 5

28 Farley Lodge, Ruthin Close, Luton, Bedfordshire, LU1 5EN

Sold Prior

  • Flat
  • 1 Bedroom
  • Tenure: Leasehold

Call the team on 01234 362899 for more information

Auction Date

Thu 14/05/2020

Auction Time

2:30pm

Auction Venue

Live Streamed Auction

A ground floor studio apartment withing walking distance to the town centre, achieving £5,100 per annum.

A ground floor studio apartment conveniently located only 0.6 miles from Luton town centre and mainline station. The flat is let on an AST providing an income of £425 pcm.

Tenure

Leasehold

Accommodation:

Entrance hall, living/dining/bedroom with access to a small balcony, kitchen area and bathroom.

Outside:

Small balcony with metal railings accessed from the living area.

Lease:

99 years from 29th September 1985 (64 years remaining).

Rental Income:

Let from 26th June 2019 on a 12 month AST, achieving £425 pcm.

Ground Rent:

£70 pa.

Service Charge:

£900 pa.

Energy Efficiency Rating (EPC)

Current Rating E

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 - 01582 546000

Solicitors

Cygnet Law, Portland House, W Dyke Rd, Redcar TS10 1DH, Ref: Lynne Horn - lynneh@cygnetlaw.co.uk, Tel: 01642 777680

Additional Fees

Buyer's Premium - There is no Buyer's Premium payable on this lot.

Administration Charge - Purchasers will be required to pay an administration fee of £900 incl. VAT.

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