Studio Flat For Sale £50,000
Cardiff Road, Luton LU1

FOR SALE BY AUCTION ON WEDNESDAY 8TH NOVEMBER 2023 AT 1.00 PM - SALE VIA A LIVE STREAMED AUCTION - GUIDE PRICE: £50,000 TO £65,000 - VIEWINGS BY APPOINTMENT ONLY

A fantastic opportunity to purchase a top floor studio apartment fully let on an Assured Shorthold Tenancy. This property comes to the market situated within walking distance to the mainline train station and is close to local amenities in Luton town centre. This studio comprises living room, kitchen, bedroom and shower room. The property is let on an Assured Shorthold Tenancy generating £570.00 per calendar month, a total of £6,840 per annum, providing a gross yield of 10.5%. Due to the current upward trend in rental values it may be possible to improve on the yield in the future.

Accommodation -

Entrance -

Living Room/Bedroom - 5.49m x 3.96m (18'84 x 13'99) - TV point, radiator and space for a large double bed and double wardrobe.

Kitchen - Wall and base level units, double glazed window and door to rear elevation, titanium sink with mixer taps, central heating boiler, electric hob and plumbing for washing machine.

Bathroom - 1.52m x 1.52m (5'79 x 5'93) - WC, wash hand basin, shower cubicle, radiator and double glazed window to rear elevation.

Services - Main drainage, water and electricity are connected.

Council Tax - Luton Borough Council - Band A

Local Amenities - Located a short distance from the University of Bedfordshire, Luton mainline train station, Arndale Mall and Luton Town Football Club stadium Kenilworth Road.

Buyers Premium Charge - The purchaser will be required to pay a buyers premium of £1200 (£1000 plus VAT)

Buyers Administration Charge - The purchaser will also be required to pay an administration charge of £900 (£750 plus VAT)

How To Get There - From Luton town centre adjacent to the Mall, exit onto St Mary's Road and approach the A505 roundabout, take the third exit to join A505 and follow for approximately half a mile. Take the first exit at the Castle Street roundabout to continue on the A505. Approach the traffic lights just past the Stewart Hotel and turn left onto Cardiff Road.

Terms Of The Lease - 106 Years remaining.
Service charge approximately £124.00 per annum
There is no ground rent charge.

Doiaw18092023/9711 -