Auction House London

Lot 27

 

83 Wellington Street

Luton, Bedfordshire, LU1 5AF

Sold for £120,000.

A Commercial & Ground Rent Investment Producing £9,800 per annum

Description

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

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.

View Details as PDFEnquire Now
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

Share this lot

Similar Properties

Lot 1

170B Plumstead Common Road Plumstead, London, SE18 2UL

*Sold for £148,500.

Lot 2

2 Waverley Lodge Litchfield Avenue, Stratford, London, E15 4LW

*Sold for £257,000.

Lot 3

14 Hickling Road Ilford, Essex, IG1 2HY

*Sold for £181,000.

Enquire about 83 Wellington Street, Luton, Bedfordshire, LU1 5AF

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2021 Auction House London
Registered Address: 2 Cotton Street, Liverpool, Merseyside, L3 7DY Company No. 07048084
Footer Logos