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1 bedroom apartment for sale
301 Block A, Opto Village, Spring Place Student Halls, 4 Dumfries Street, Luton, LU1 5FT
£20,000
301 Block A, Opto Village, Spring Place Student Halls, 4 Dumfries Street, Luton, LU1 5FT
£20,000
Our Summary
- LOT 96 **FOR SALE BY ONLINE AUCTION** on 15th May 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 located off Chapel Street in Luton, close to the town center and Luton Train Station. The property is let on an Assured Shorthold Tenancy at £620 per month, producing £7,440 per annum. The lease has approximately 240 years unexpired and a ground rent of £350 per annum. The property is rated C for energy efficiency and is in Council Tax Band A. The guide price for the property is not specified, but it is being sold by online auction on May 15th, 2025, with a reserve price set by the seller. The buyer will be required to pay a fee of £1,200 incl. VAT if the property sells for over £10,000, or £300 incl. VAT if it sells for less than £10,000.