This vacant first-floor studio flat is being sold by online public auction with a guide price of £25,000+. The property is situated on a residential road near local shops and amenities, with Wardown Park nearby and Luton rail station and the M1 providing transport links. The studio flat is arranged over the first floor of an end-of-terrace building, comprising a studio room with kitchenette and bathroom. The property is leasehold, with approximately 77 years unexpired on the 99-year lease from 2003. The current rental income is expected to be £1,000 per calendar month. It's important to note that, as the lease is short, the buyer will need to consider extending the lease to 90+ years, which will require a premium to be paid to the freeholder.