Flat 5, 59 Castle Street, Luton, Bedfordshire, LU1 3AG
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Read more Read more** EXCELLENT VALUE 1ST FLOOR STUDIO FLAT, CLOSE TO LUTON TOWN CENTRE. FEATURES A LONG LEASE TERM WITH IN EXCESS OF 100 YEARS REMAINING AND PEPPERCORN GROUND RENT ** OFFERS A GREAT RENTAL YIELD AND LOCATED IN A HIGH DEMAND AREA, CONVENIENT FOR LOCAL AMENITIES ** This first floor studio flat is presented in modern decorative order and benefits from a 125 year lease term with 107 years remaining and PEPPERCORN GROUND RENT. Located close to the Town Centre and public transport, this would be an ideal property to add to a rental portfolio. With strong rental demand, this should generate a very attractive yield and make a good medium to long term investment. Features communal entrance, open plan living/bedroom/kitchen area 18'5 x 14'3 and a separate shower room. Situated within a short drive to the M1 Motorway and Luton Airport. Call us now for more information. Tenure Leasehold. 125 COMMUNAL ENTRANCE STUDIO AREA 14'3 X 18'5
KITCHEN AREA
SHOWER ROOM 4'4 X 4'2
OUTSIDE
ON STREET PARKING, SUBJECT TO LOCAL PARKING RESTRICTIONS
LEASE DETAILS With a 125 year lease term with around 107 years remaining. PEPPERCORN GROUND RENT. Service charge information awaited, please see legal pack for clarification Energy Efficiency Rating (EPC) Current Rating D Local Authority Luton Borough Council Solicitors FLINT BISHOP, Ref: FLINT BISHOP, Tel: 0113 457 0300 Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £2000 plus vat (£2400) Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT). Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
