COVID-19 – Important Auction Information
For Sale By Auction | 2:30pm, 04 August 2022

Suite T4, London Park House, 146-158 Park Street, Luton, Bedfordshire, LU1 3EY

*Guide | £30,000+ (plus fees)

  • Studio
  • Tenure: Leasehold

Call the team on 01234 362899 for more information

Auction Date

Thu 04/08/2022

Auction Time

2:30pm

Auction Venue

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

A purpose built studio apartment built in 2013 within 0.5 miles of Luton town centre and railway station.

Purpose built 3rd floor studio apartment located in London Park House within 0.5 miles of Luton town centre and railway station. The property was constructed in 2013 and comprises a living/sleeping area with a private bathroom. Within the complex there is a full time accommodation management and maintenance team, private gym and large entertainment area.

Tenure

Leasehold

Accommodation:

Entrance into the living/sleeping area with a bathroom.

Lease:

250 years from 1 January 2013 (240 years remaining).

Rental Income:

£430 pcm (£5,160 per annum)

Service Charge:

£426.24 per quarter.

Ground Rent:

£250 per annum.

Management Fee:

8% of rental income.

Council Tax Band:

C

Open House Viewings:

We will be holding open house viewings at the end of July, as soon as the dates and times have been set we will let everyone know who has registered for the legal pack and they will also be published on our website.

Energy Efficiency Rating (EPC)

Current Rating B

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, Bedfordshire LU1 1EH, Ref: Kate Bukhrashvili - kate.bukhrashvili@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.