Cheapside, Luton, Bedfordshire, LU1 2HN 10 bed apartment for sale

>

Cheapside, Luton, Bedfordshire, LU1 2HN 10 bed apartment for sale

Cheapside, Luton, Bedfordshire, LU1 2HN
£925,000

Our Summary

  • Penrose are delighted to offer this outstanding investment opportunity in the heart of Luton with a substantial freehold property, ideally situated on Cheapside
  • This freehold property represents a fantastic investment, not only due to its robust current rental yield but also its potential for long-term capital appreciation within a growing commuter town
  • This is an invaluable opportunity to view the property firsthand and gain a comprehensive understanding of its income-generating potential

Description

Penrose is offering a unique investment opportunity in the heart of Luton, comprising ten self-contained units, including nine modern studio apartments and one one-bedroom apartment, all currently fully let and generating a significant rental income of £85,000 per year. The property boasts an attractive yield of over 9% and is situated in a prime location on Cheapside, with excellent access to Luton Train Station, bus routes, and arterial roads. The town centre offers a range of amenities, including shopping facilities, dining options, and entertainment venues, making it an ideal choice for commuters. The property's robust current rental yield and potential for long-term capital appreciation make it a fantastic investment opportunity, particularly in a growing commuter town like Luton. Prospective buyers are invited to attend an Open House event to view the property and gain a comprehensive understanding of its income-generating potential.