New 26 Bedroom Block Of Apartments (Now Sold)

Luton Town Centre, Bedfordshire

Further Information
Key Features
  • Alarm
  • Garage
  • Washing machine
  • Garden
  • Broadband/ADSL
  • Double glazed
  • Parking
  • White goods
  • Cable/Satellite
Full Description

Mixed-use freehold investment property near London (Luton):

• Recently constructed five story building with modern fixtures and fittings

• The building consists of 26 one and two bedroom apartment properties plus a large retail unit

• Gross internal size 23,788 square feet (2,210 square metres), plus external parking areas

• Excellent £230,000 ERV gross income return

• 100% occupancy of the properties – fully-let – ensures maximum landlord income

• Over £200,000.00 spent on internal and external refurbishments in 2014 and January 2015

• Modern uPVC double glazing throughout, including double French door balconies

• Fully-fitted Omega oak kitchens with modern Italian tiled bathrooms (not shower rooms)

• Integrated fridge-freezers, ovens and premium Bosch washing machines/appliances

• Modern oak laminate flooring and carpeted common areas

• Professional, certified fire alarm systems with Automatic Opening Ventilation (AOV) system

• Secure digital door entry and intercom systems and sixteen camera IP recording CCTV system

• Eight person lift, together with front and rear wide staircases

• Eight private car parking spaces (twenty completely free spaces in total)

• Development plans to add a mansard roof for seven further apartments worth c.£700,000

• Website available showing floor plans and lot's of additional information

• £1 Million profit on break-up potential (£3.8m break-up value at £125,000 per apartment plus retail unit plus ground rents)

Please contact us for further information and a viewing.

Visum Online Estate Agents - advertise property for sale on rightmove and primelocation

Need to sell your property?

Sell your home from just £129 with Visum, the world’s original online agent since 2004. Our pay as you go packages mean you only pay for the marketing you need, and nothing more!.

Find out more

Buying or Selling? Need Conveyancing?

Get a free instant quote and you could save hundreds of pounds.

Free Instant Quote