Lot 27
    83 Wellington Street
    Luton, Bedfordshire, LU1 5AF
    Sold for £120,000.
     
    Number 1
    A Commercial & Ground Rent Investment Producing £9,800 per annum

    Tenure

    Freehold

    Location

    The property is situated on a mixed use road in the heart of Luton town centre. The open spaces of Blue Bell Woods are within easy reach. Transport links are provided by Luton rail station and the M1 motorway (J10 & J11) is easily accessible.

    Description (2nd Column)

    The property comprises an end of terrace building arranged over ground and two upper floors internally arranged to provide a ground floor lock up shop with four self contained flat above.

    Note (2nd Column)

    The vendor is holding a 4 month rent deposit which will be passed on to the buyer.

    Viewing Details

    Please refer to us directly on 020 7625 9007

    Accommodation & Tenancy Schedule

    Property Floor Accommodation Tenancy Details Current Annual Rent
    Lock up shop Ground Shop area/ external WC let on a 5 year FRI lease from 7th April 2015 to Qamar Ismail t/a as a takeaway/restaurant £9,000
    Flat 1 Rear Ground Not Inspected Sold off on a 99 year lease from 2nd November 2007 £200
    Flat 2 First Not Inspected Sold off on a 99 year lease from 2nd November 2007 £200
    Flat 3 First Not Inspected Sold off on a 99 year lease from 2nd November 2007 £200
    Flat 4 Second Not Inspected Sold off on a 99 year lease from 2nd November 2007 £200
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    Administration charge: £1,500 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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