Auction House London

Lot 72

Commercial Property - Commercial Property 

27 High Town Road

Luton, Bedfordshire, LU2 0BW

£140,000+

Guide Price

A Ground Floor Lock Up Shop & Two Bedroom First Floor Flat. Part-Let Producing £7,800 per annum. Vacant Possession of the Flat (ERV £7,332 per annum)

Description

Tenure

Freehold

Location

High Town Road is an established parade close to the heart of Luton town centre. Nearby multiples include Premier Stores, Best One and Coral. Transport links are provided by Luton rail station.

Description (2nd Column)

The property comprises a ground floor lock up shop with a two bedroom flat above situated within a mid terrace building arranged over ground and first floors.

Note (2nd Column)

The LHA rates for a two bedroom flat in this postcode is £141 per week. Thus potential income of at £7,332 per annum (source: https://lha-direct.voa.gov.uk/)

Viewing Details

This property has now sold prior and therefore there will be no further viewings.

Bold Black Text

Current Rent Reserved £7,800 per annum

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
Shop Ground Shop Area Let on a 6 year internal repairing & insuring lease from 5th October 2012 £7,800
Flat First Two Bedroom Accomodation Vacant

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007

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