£110,000
Studio for saleSomersby Close, Luton LU1
1 bath
1 reception
EPC Rating: D
P&R Property
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About this property
Purpose-built ground floor studio flat
Long-standing assured shorthold tenancy in place
Exceptional 999-year lease from 1984 - approximately 957 years remaining
Peppercorn ground rent - no ground rent liability
Current rent £7,500 per annum, - potential to increase £9000 subject notices
Attractive, well-maintained block with immaculate communal grounds
Allocated parking space
Gas heating
Modern bathroom
Decent sized living area
Exclusive to P&R Property, A fantastic opportunity to acquire a well-situated ground floor studio flat as a ready-made investment, complete with a long-standing, reliable tenant in situ. Purpose-built in the mid-1980s, the flat is looked after well and benefits from a decent sized living area, a modern bathroom and gas heating. It forms part of an attractive, well-maintained block with immaculate communal grounds and its own allocated parking space. This represents a genuine opportunity for an investor to enjoy an immediate and dependable income from day one.
Entrance Hall
Living Room (4.15m x 4.07m (13'7" x 13'4"))
Kitchen (1.60m x 2.94m (5'3" x 9'8"))
Bathroom
Outside
Allocated Parking Space
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More information
Tenure
Leasehold (957 years)
Service charge
£990 per year
Council tax band
Ground rent
Ground rent date of next review
