Block of flats for sale

Princess Street, Luton LU1

Freehold investment opportunity - five self-contained flats - princess street, luton

**current annual rental income: £48,900 | five tenanted flats | central luton location | freehold and leasehold interests included**

London Edge Estates are delighted to present this excellent residential investment opportunity, conveniently located on Princess Street in Central Luton, within walking distance of Luton Town Centre and Luton Railway Station.

Constructed in 2004, the property comprises **five self-contained residential flats**, consisting of one studio apartment, three one-bedroom apartments and one two-bedroom apartment.

All five flats are currently occupied and managed by London Edge Estates, generating a combined rental income of **£4,075 per calendar month (£48,900 per annum)**.

The property is offered for sale with the freehold interest together with the individual leasehold interests in all five apartments, providing an attractive opportunity for investors seeking an established residential rental portfolio.
Accommodation details


Flat A - Studio Apartment

**Current rental income: £600 pcm | EPC Rating: C**

A self-contained studio apartment comprising a spacious combined living and sleeping area, separate kitchen area and bathroom.

- Living/Bedroom Area: 14'5" × 15'5" (4.37m × 4.71m)
- Kitchen: 6'5" × 7'4" (1.95m × 2.25m)
- Bathroom: 5'10" × 7'9" (1.79m × 2.37m)

Flat B - One Bedroom Apartment with Private Courtyard

**Current rental income: £900 pcm | EPC Rating: C**

A one-bedroom apartment comprising a living room, separate kitchen, double bedroom and bathroom. The property further benefits from a private courtyard, providing valuable outdoor space.

- Living Room: 13'1" × 11'1" (4.01m × 3.38m)
- Kitchen: 7'1" × 7'10" (2.16m × 2.38m)
- Bedroom: 13'7" × 11'4" (4.18m × 3.48m)
- Bathroom: 7'9" × 5'7" (2.36m × 1.70m)
- Private Courtyard: 11'9" × 16'4" (3.64m × 5.01m)

Flat C – One Bedroom Split-Level Flat

A spacious one-bedroom split-level apartment comprising a generously sized living room, separate kitchen, double bedroom and bathroom, connected by a spiral staircase.

The property benefits from gas central heating, double glazing and a convenient Central Luton location, within walking distance of the town centre and Luton Railway Station.

Current rental income: £900 pcm (£10,800 per annum)
EPC Rating: C

Accommodation measurements (approximate):

Living Room: 19'3" × 16'4" (5.87 m × 4.99 m)
Kitchen: 8'10" × 8'1" (2.69 m × 2.46 m)
Bedroom: 18'10" × 10'8" (5.74 m × 3.25 m)
Bathroom: 7'2" × 6'1" (2.18 m × 1.85 m)

Flat D - Two Bedroom Apartment with Balcony

**Current rental income: £1,000 pcm | EPC Rating: C**

A two-bedroom apartment comprising a living room, separate kitchen, two bedrooms and family bathroom. The property additionally benefits from a private balcony.

- Living Room: 13'3" × 12'9" (4.03m × 3.88m)
- Kitchen: 8'10" × 5'11" (2.68m × 1.79m)
- Bedroom 1: 14'2" × 10'4" (4.31m × 3.16m)
- Bedroom 2: 12'8" × 7'0" (3.85m × 2.13m)
- Bathroom: 6'5" × 5'11" (1.95m × 1.79m)
- Balcony: 17'1" × 4'1" (5.20m × 1.24m)

Flat E - One Bedroom Loft Apartment

**Current rental income: £675 pcm | EPC Rating: C**

A distinctive one-bedroom apartment situated within the loft area, offering an open-plan kitchen and living space, separate bedroom and bathroom.

- Kitchen/Living Area: 20'5" × 13'2" (6.25m × 4.04m)
- Bedroom: 10'3" × 13'6" (3.15m × 4.16m)
- Bathroom: 4'10" × 13'6" (1.51m × 4.16m)
Property features


The development benefits from a range of features, including gas central heating, double-glazed windows, laminate flooring and an intercom entry system, where installed.

Outdoor space includes a private courtyard serving Flat B, a balcony serving Flat D and communal courtyard facilities.
Investment information


**Total Monthly Rental Income: £4,075**

**Total Annual Gross Rental Income: £48,900**

All five apartments are currently tenanted, providing an established rental income from the outset, subject to the existing tenancy arrangements.

The development is currently managed by London Edge Estates.
Tenure


The property is offered for sale with the freehold interest together with the individual leasehold interests in all five residential flats.

According to information provided by the seller, each apartment benefits from a lease originally granted for a term of 999 years commencing on 1 January 2004.

No ground rent or service charges are currently collected, as confirmed by the seller.

All tenure information, including lease terms, ownership arrangements and any associated obligations, is subject to verification by the purchaser's conveyancing solicitor.
Location


Situated on Princess Street in Central Luton, the development enjoys convenient access to Luton Town Centre, local shops, restaurants, amenities and public transport links.

Luton Railway Station is within walking distance, offering connections towards London and other destinations.

The central location makes this an appealing proposition for investors seeking residential rental accommodation in an established urban area.
Important information and disclaimer


**Money Laundering Regulations:** In accordance with applicable anti-money laundering requirements, prospective purchasers will be required to provide satisfactory identification and other relevant documentation.

**Property Particulars:** These particulars are intended as a general guide and do not constitute an offer, contract or part thereof. All descriptions, dimensions and other information are provided in good faith but should not be relied upon as statements of fact.

**Measurements:** All measurements are approximate and provided for guidance only. Prospective purchasers should independently verify dimensions where accuracy is important.

**Services and Appliances:** London Edge Estates has not tested any appliances, equipment, fixtures, fittings or services. Prospective purchasers should satisfy themselves as to their condition and working order.

**Tenure and Legal Matters:** London Edge Estates has not independently verified the legal title, lease terms or ownership arrangements. Purchasers must obtain confirmation through their appointed conveyancing solicitor.

**Rental Information:** Rental figures reflect information provided at the time of marketing and are subject to change. No guarantee is given regarding future rental income, occupancy or investment performance.