1 bed Flat For Sale £70,000
Flat 4, 83 Wellington Street, Luton, Bedfordshire, LU1 5AF

Guide Price = £70,000+

*For Sale By Online PublicAuction 12th March 2024 08:45 AM. To inspect the legal documents for this property go to our website to download the legal pack*

A Ground Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £8,460 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 1st January 2007 (thus approximately 82 years unexpired).

Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Brantwood Park are within easy reach. Transport links are provided by Luton rail station.

Description
The property comprises a ground floor studio flat situated within a mid terrace building arranged over ground and two upper floors.

Accommodation
Ground Floor
Studio Room
Bathroom

Accommodation
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 30th September 2023 at a rent of £705 per calendar month.

Note
Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
D

Viewing Appointments to be Confirmed

Saturday 2 March 2024 11:00 AM - 11:30
Saturday 9 March 2024 11:00 AM - 11:30