1 bed Flat For Sale £25,000
For sale by auction on Thursday, 09 Dec 2021 at 2:30pm
Venue: Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HL
A purpose built studio apartment built in 2013 within 0.5 miles of Luton town centre and railway station.
Purpose built 1st floor studio apartment located in London Park House within 0.5 miles of Luton town centre and railway station. The property was constructed in 2013 and comprises a living/sleeping area with a private bathroom.
Within the complex there is a full time accommodation management and maintenance team, private gym and large entertainment area. The property is being sold with a tenant in situ providing an income generation of £4,800 per annum.
Accommodation:
Entrance into the living/sleeping area with a bathroom.
Rental Income:
£400 pcm (£4,800 per annum).
Lease:
250 years from 1 January 2013 (241 years remaining).
Service Charge:
£1,340 per annum.
Ground Rent:
£250 per annum.
Management Fee:
£408 per annum.
EPC Rating: B
Additional Fees
Buyers Premium: There is no Buyer's Premium payable on this lot.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 incl. VAT.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Venue: Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HL
A purpose built studio apartment built in 2013 within 0.5 miles of Luton town centre and railway station.
Purpose built 1st floor studio apartment located in London Park House within 0.5 miles of Luton town centre and railway station. The property was constructed in 2013 and comprises a living/sleeping area with a private bathroom.
Within the complex there is a full time accommodation management and maintenance team, private gym and large entertainment area. The property is being sold with a tenant in situ providing an income generation of £4,800 per annum.
Accommodation:
Entrance into the living/sleeping area with a bathroom.
Rental Income:
£400 pcm (£4,800 per annum).
Lease:
250 years from 1 January 2013 (241 years remaining).
Service Charge:
£1,340 per annum.
Ground Rent:
£250 per annum.
Management Fee:
£408 per annum.
EPC Rating: B
Additional Fees
Buyers Premium: There is no Buyer's Premium payable on this lot.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 incl. VAT.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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