26 Bedroom Block Of Apartments Sold in Luton, LU1
| Reference | 29131 |
| Address |
Luton Town Centre, Bedfordshire (Map Location) |
| Beds | 26 |
| Baths | 26 |
| Type | Block of Apartments |
| Tenure | Freehold |
Mixed-use freehold investment property near London (Luton). The building consists of 26 lovely apartments plus a supermarket. Excellent £230,000 gross annual return.
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.