7+ bed Block of Apartments for sale, Luton
£849,950 ll
Property Ref: 5743 .. LUTON TOWN CENTRE: 9 APARTMENTS IN BLOCK Rare property opportunity in highly desirable location in centre of Luton. Nine individual apartments for sale in a conversion in Luton town centre. Fantastic Block of 9 Fully Let Individual Flats (not a HMO). Excellent £63,000 p.a. investment income. Recently refurbished with modern fixtures and fittings. 9 full separate condensation combi-boiler central heating systems. Modern uPVC double glazing throughout. All integrated appliances and furniture included. Fully tiled bathrooms and tiled kitchens. Integrated washing machines and fridge-freezers included. Modern oak laminate flooring and carpets. Modern fire alarm system with AOV system. CCTV and WIFI throughout the building. Digital secure door entry and intercom systems. Prime location: 24 mins by fast rail to Kings Cross St. Pancras and 30 mins to City Thameslink station. These state-of-the-art longer trains will have a “tube frequency” of one every 2-3 minutes peak time due to the massive £6.5 billion Thameslink Programme. Only five minutes from the M1 motorway. FANTASTIC FREEHOLD APARTMENT BLOCK IN LUTON TOWN CENTRE A truly unique and exceptional freehold investment opportunity consisting of 9 self-contained apartments close to Luton Town Centre. The block consists of 1 two-bedroom flat, 7 one-bedroom flats, and 1 self-contained studio flat. Each apartment is let on a separate AST and totally self-contained with its own entrance, bathroom, bedroom(s) and kitchen. One of the apartments have been sold on a 99 year lease, generating good secure ground rent and service charge income. This recently converted block stretch across 4 floors and boast a rear private secluded court-yard garden for tenants and a store room. Each apartment is unique and has a modern interior feel with integrated appliances. Significant recent investment has been made in full uPVC double glazing and 9 separate combination boiler central heating systems, intercom, CCTV and fire alarm systems. There is a hallway staircase which stretches across all floors and the rear yard wing which forms the spine of this block. This property also boasts a private secluded south facing rear garden with seating area for BBQ. 100% tenant occupancy consistently being achieved over many years given the excellent town centre location. On-street parking readily available. The modern AOV fire alarm system, CCTV and secure digital card entry system is unrivalled for the locality. INVESTMENT RETURNS Total current income is approximately £63,000p.a.Tenancy schedule available upon request. This block has significant long-term capital growth potential, with authoritative surveys predicting Luton to have one of the fastest population growths of any town or city in the UK over the next 25 years. You would struggle to find such fantastic high returns in the fast growing South East of England, any London commutable town, or M1 high employment hub in the current marketplace.
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