Penrose is offering a rare freehold opportunity in a prime location, situated on a private drive within walking distance to Luton town centre and train station. The property is currently comprised of eight apartments, including studios, one-bedroom, and a two-bedroom penthouse, which are all currently occupied and generating a rental income of around £69,000 per annum. The garage space on the ground floor has planning permission to be converted into a ninth unit, offering potential for further income. The property's proximity to the proposed Luton Football Stadium site and Power Court development area gives buyers confidence in the property's capital growth potential. With a current target rental valuation of around £72,000 per annum, this investment opportunity is attractive to potential buyers looking for a secure and lucrative investment.