COVID-19 – Important Auction Information
For Sale By Auction | 2:30pm, 16 June 2022 | Lot 5

Unit 190 Spring Place Students Hall, 4 Dumfries Street, Luton, Bedfordshire, LU1 5FT

*Guide | £30,000+ (plus fees)

  • Studio
  • Tenure: Leasehold

Call the team on 01234 362899 for more information

Auction Date

Thu 16/06/2022

Auction Time

2:30pm

Auction Venue

Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HL

Viewing Times:

Wed 1 Jun

11:45 - 12:15

Thu 9 Jun

11:45 - 12:15

Sat 11 Jun

09:30 - 10:00

A purpose built studio apartment in a modern complex with excellent on site facilities

Purpose built studio apartment located within 0.3 miles of Luton town centre and railway station and just a short walk to the University of Bedfordshire Campus. This high specification studio apartment includes a living/sleeping area, built-in storage and a shower room. The flat is currently let under an Assured Shorthold Tenancy (AST) generating an income of £5,136 per annum. The Spring Place complex has wireless internet, fob entry access, onsite gym, cinema & games room, onsite laundry facilities, bike racks, study/meeting rooms, 24 hr security, all utility bills included.

Tenure

Leasehold

Accommodation:

Entrance into the living/sleeping area with a bathroom.

Lease:

250 years from 26th September 2017 (245 years remaining).

Rental Income:

Let under an Assured Shorthold Tenancy generating an income of £428pcm (£5,136 per annum).

Service Charge:

£1,376.36 per annum.

Ground Rent:

£350 per annum.

Management Fee:

6.2% of rental income.

Council Tax Band:

A

Open House Viewings:

Wed 1 Jun: 11:45 - 12:15 Thu 9 Jun: 11:45 - 12:15 Sat 11 Jun: 09:30 - 10:00 These are open house viewings, you do not need to make an appointment you can simply attend between the above times.

Energy Efficiency Rating (EPC)

Current Rating C

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

Solomon Solicitors, 80 Dunstable Road, Luton, LU1 1EH, Ref: Vicky Johnson - vicky.johnson@solomonsolicitors.co.uk, Tel: 01582 533 333

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 £1,200 incl. VAT.

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