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204 Block A, Opto Village, Spring... 1 bed flat for sale
204 Block A, Opto Village, Spring Place Student Halls, 4 Dumfries Street, Luton, LU1 5FT
£20,000
204 Block A, Opto Village, Spring Place Student Halls, 4 Dumfries Street, Luton, LU1 5FT
£20,000
Our Summary
- LOT 92 **FOR SALE BY ONLINE AUCTION** on 22nd October 2025 Leasehold Studio Apartment Investment Situated off Chapel Street, close to the amenities available in Luton Town Centre including Luton Train Station
- 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
- Guide prices will be continually updated on our website up until the day of the auction
Description
This is a leasehold studio apartment investment property located off Chapel Street in Luton, close to the town center and train station. The property is situated on the third floor of a purpose-built block and features a studio room and shower/wc. It is let on an Assured Shorthold Tenancy at £620 per calendar month, producing £7,440 per annum. The lease has approximately 240 years unexpired and a ground rent of £350 per annum rising. The property is rated B for energy efficiency and is in Council Tax Band A. The guide price for the property is not specified, but the reserve price is expected to be set within the guide range or no more than 10% above a single-figure guide. A buyer's fee of £1,200 incl. VAT will be payable to McHugh & Co for lots sold over £10,000, and £300 incl. VAT for lots sold for less than £10,000.