House For Sale £390,000
Guide Price = £390,000+
**For Sale By Public Auction 8th December 2021 10:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Commercial and Residential Investment Producing £31,200 Per Annum. Offered with Planning Permission to Erect Another Floor to Create an Additional Flat.
Tenure
Freehold
Location
The property is situated in the heart of Luton close to local shops and amenities. The open spaces of Stockwood Park are within easy reach. Transport links are provided by Luton rail station (0.3 Miles).
Description
The property comprises a mid terrace building arranged to provide a ground floor shop with two x one bedroom flats above.
Accommodation & Tenancy Schedule
PropertyFloorAccommodationTenancy DetailsCurrent RentShopGroundShop AreaLet on a 10 Year Lease from 2021£12,000 paFirstFirstReception Room, Kitchen, Bedroom, BathroomLet on an AST at £800 pcm£9,600 paEditSecondReception Room, Kitchen, Bedroom, BathroomLet on an AST at £800 pcm£9,600 pa
Planning
Luton Borough Council granted the following planning permission (ref:18/00820/ful) on 29th August 2018: 'Conversion and change of use of ground floor from A3 to 1 bed flat and 3rd floor extension to create additional flat and relocation of enclosed fire evacuation stairs' (We have been advised by the vendor that the works have already been started therefore the planning permission is still valid).
**For Sale By Public Auction 8th December 2021 10:30 am. To inspect the legal documents for this property go to our website to download the legal pack**
A Commercial and Residential Investment Producing £31,200 Per Annum. Offered with Planning Permission to Erect Another Floor to Create an Additional Flat.
Tenure
Freehold
Location
The property is situated in the heart of Luton close to local shops and amenities. The open spaces of Stockwood Park are within easy reach. Transport links are provided by Luton rail station (0.3 Miles).
Description
The property comprises a mid terrace building arranged to provide a ground floor shop with two x one bedroom flats above.
Accommodation & Tenancy Schedule
PropertyFloorAccommodationTenancy DetailsCurrent RentShopGroundShop AreaLet on a 10 Year Lease from 2021£12,000 paFirstFirstReception Room, Kitchen, Bedroom, BathroomLet on an AST at £800 pcm£9,600 paEditSecondReception Room, Kitchen, Bedroom, BathroomLet on an AST at £800 pcm£9,600 pa
Planning
Luton Borough Council granted the following planning permission (ref:18/00820/ful) on 29th August 2018: 'Conversion and change of use of ground floor from A3 to 1 bed flat and 3rd floor extension to create additional flat and relocation of enclosed fire evacuation stairs' (We have been advised by the vendor that the works have already been started therefore the planning permission is still valid).
