House For Sale £995,000
Penrose are delighted to present to the market this exciting freehold opportunity. The property is currently made up of eight apartments. Four studio flats and four one bedroom apartments. The garage space underneath has also been granted planning permission to convert into a ninth unit. All apartments are currently occupied and Penrose can act as management agents for any new buyer. The property is generating in the region of £55,000 PA. If the garage is converted into another apartment this will add an additional £6600 PA. The property is situated on a secluded private road within easy walking distance to Luton town centre as well as the train station making it an attractive option for tenants.
