9 Westleigh Office Park
Northampton
NN3 6BW
Wellington Street, Luton
Auction Guide £76,000
1 Bedroom Maisonette
** FOR SALE BY ONLINE AUCTION TUESDAY 12TH MAY ** GUIDE PRICE £76,000+** BIDS OPEN FOR 24 HOURS FROM 11TH MAY ** VIEWINGS BY APPOINTMENT**
** GROUND FLOOR MAISONETTE CLOSE TO LUTON TRAIN STATION **
This excellent-value ground floor maisonette, offered for auction, presents an ideal investment opportunity. It benefits from a long lease with approximately 106 years unexpired and offers the potential to achieve up to a 13% gross rental yield at the guide price. Requiring some updating, the property would make an ideal light refurbishment project for either resale or a medium- to long-term rental investment. The property extends to over 400 sq ft and features a modern open-plan layout. This opportunity is further enhanced by its excellent central location, strong local demand, and achievable rental values in the region of £800–£850 per month for comparable properties
TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE: auctionhouse.co.uk/bedsandbucks
ACCOMODATION
ENTRANCE
With front door to
OPEN PLAN LOUNGE/KITCHEN
5.38m x 3.05m (17'8 x 10'0)
LOUNGE AREA
Dual aspect with double glazed windows, laminate flooring, open to
KITCHEN
With a range of fitted wall and base units, sink unit, space for appliances, tiled splashbacks
HALLWAY
Laminate floor, door to shower room, door to
BEDROOM
3.61m x 3.05m (11'10 x 10'0)Double glazed window, laminate floor
SHOWER ROOM
Tiled walls, window to side, shower cubicle, sink & WC
OUTSIDE
PARKING
On street permit parking
LEASE DETAILS
With an unexpired term of 106 years. With a ground of £100 PA subject to review in 2032.
SERVICE CHARGES:
Our client has been unable to provide this information to us because they are an Asset Management Company with limited knowledge of this property. Because of this we are unable to provide figures relative to the current charges applicable to this property.
SERVICES
No appliances or services have been tested
COUNCIL TAX
Band A Luton Council
PRICE INFORMATION
Guides are provided as an indication of each seller's minimum expectation. 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. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
BUYERS ADMINISTRATION CHARGE
The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
BUYERS PREMIUM CHARGE
The purchaser will be required to pay a buyers premium charge of £3000 (£2500 plus VAT)
HOW TO GET THERE
From Junction 10 of the M1 motorway take the exit onto the A1081 signposted for Luton and continue straight, following signs for the town centre. Stay on this road as it becomes New Airport Way, then London Road, heading towards central Luton, follow signs for the ring road and continue onto the A505. At the roundabout, take the exit toward the town centre, then follow signs for Wellington Street. Turn onto Wellington Street.
DOISA/0904SA
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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