Auction House London

Lot 67

Flat - Flats / Apartments 

Apartment L1:02A

Spring Place Student Halls, Luton, Bedfordshire, LU1 5FT

Unsold, the last bid was £165,000. Please refer to Auctioneer for Reserve

A Three Bedroom Investment Opportunity Situated within Purpose Built Student Accommodation Fully Let Producing £16,680 per annum

Description

The property comprises a shared student living flat arranged to provide three bedrooms all with en-suite and a communal open plan reception room with kitchen area. The accommodation is situated on the first floor of a modern purpose built student development arranged over ground and four upper floors.

Tenure

Leasehold. The property is held on a 250 year lease from 01/01/2015 (thus approximately 244 years unexpired).

Location

The property is situated minutes from Luton town centre and close to Bedfordshire University, local shops and amenities. There are numerous open spaces within easy reach. Transport links are provided by Luton rail station.

Accommodation

First Floor
Three Bedrooms with En-suites
Communal Living and Kitchen Area

Exterior

The property benefits from its own communal gardens, gym, cinema & games room, study areas, and roof top terrace. This is alongside necessities such as laundry, Wi-Fi, secure bicycle storage and has 24 hour security.

Tenancy

The property is subject to three separate assured shorthold tenancy agreements producing a combined income of £1,390 pcm.

Additional Fees and Disclaimer

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.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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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 or email us at info@auctionhouselondon.co.uk

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