Auction House London

Lot

Flat - Flats / Apartments 

Apartment L1:02A

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

£160,000+

Guide Price

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 to provide three bedrooms each with en-suite facilities and a communal open plan reception 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 245 years unexpired).

Location

The property is situated minutes from Luton town centre close to 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 communal gardens, gym, cinema room and roof top terrace.

Tenancy

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

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 or email us at info@auctionhouselondon.co.uk

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