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Land
Biscot Road, Luton, Bedfordshire LU3
£250,000
Biscot Road, Luton, Bedfordshire LU3
£250,000
Our Summary
- For sale: Freehold with development potential on biscot road, luton
- A unique opportunity to acquire the freehold for 27 residential flats on Biscot Road, Luton, along with just over half an acre of land at the rear, offering significant development potential in a highdemand area
- Lease Opportunities: Approximately 20 of the leases have less than 65 years remaining, presenting a lucrative opportunity for lease extensions
- Land Size: Just over half an acre at the rear of the premises, ideal for potential development
- Investment Potential:
- This freehold acquisition presents a dual opportunity: Generate income through lease extensions and capitalize on the development potential of the rear land
- For more information on this exceptional investment and development opportunity, please contact us
Description
This is a unique opportunity to acquire the freehold of a property on Biscot Road in Luton, comprising 27 residential flats and just over half an acre of land at the rear, offering significant development potential. The property presents a dual opportunity for investors, with the potential to generate income through lease extensions on approximately 20 of the flats, which have less than 65 years remaining, and capitalize on the development potential of the rear land. The location is highly desirable, with easy access to Luton Mainline Railway and the M1 motorway, and is situated in an established residential area with high rental demand. With a price of £250,000, this investment and development opportunity is expected to offer strong prospects for both rental and capital growth.