16 Bed Block Of Apartments House For Sale Castle Street, Luton, LU1
£2,300,000- Block Of Apartments
1 of 14
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Last Updated: 10th April 2024
Description
Freehold Investment Opportunity consisting of 10 luxury apartments finished to a very high specification. All apartments are let at present and generating a rental income collectively of approx. £150,000 per annum.
The block is set over three floors with two staircases accessing all floors. There are doors to the front and rear, intercom systems to all apartments, communal courtyard to the rear with refuse space, CCTV throughout the common parts and triple glazed to the front and double glazed to the rear.
The building has recently been constructed and was signed off by building control in October 2023 and comes with relevant warranties/guarantees.
Flat 1 - GF 2 bedroom at 57.1 sqm2 / 614 sqft
Flat 2 - GF 1 bedroom at 52 sqm2 / 560 sqft
Flat 3 - GF 2 bedroom at 64.2 sqm2 / 691 sqft
Business Area - B1 (a) - 45 sqm2 / 484 sqft
Flat 4 - FF - 2 bedroom at 63 sqm2 / 678 sqft
Flat 5 - FF - 1 bedroom flat at 52 sqm2 / 560 sqft
Flat 6 - FF - 2 bedroom flat at 64.5 sqm2 / 694 sqft
Flat 7 - FF - 1 bedroom flat at 55.3 sqm2 / 595 sqft
Flat 8 - SF - 2 bedroom flat at 63 sqm2 / 678 sqft
Flat 9 - SF - 2 bedroom flat at 65 sqm2 / 699 sqft
Flat 10 - SF - 1 bedroom flat at 57sqm2 / 613 sqft
We have been advised the owner would be interested in leasing the Business Area and is open to discussions/proposals.
The apartments are all rented on AST's and can be offered with tenants in situation which is generating approx. £150,000 per annum or with Vacant Possession (subject to notice periods).
All viewings must be booked via Spicerhaart with relevant notice for access.
We are inviting unconditional offers of £2,300,000 for the freehold.
The block is set over three floors with two staircases accessing all floors. There are doors to the front and rear, intercom systems to all apartments, communal courtyard to the rear with refuse space, CCTV throughout the common parts and triple glazed to the front and double glazed to the rear.
The building has recently been constructed and was signed off by building control in October 2023 and comes with relevant warranties/guarantees.
Flat 1 - GF 2 bedroom at 57.1 sqm2 / 614 sqft
Flat 2 - GF 1 bedroom at 52 sqm2 / 560 sqft
Flat 3 - GF 2 bedroom at 64.2 sqm2 / 691 sqft
Business Area - B1 (a) - 45 sqm2 / 484 sqft
Flat 4 - FF - 2 bedroom at 63 sqm2 / 678 sqft
Flat 5 - FF - 1 bedroom flat at 52 sqm2 / 560 sqft
Flat 6 - FF - 2 bedroom flat at 64.5 sqm2 / 694 sqft
Flat 7 - FF - 1 bedroom flat at 55.3 sqm2 / 595 sqft
Flat 8 - SF - 2 bedroom flat at 63 sqm2 / 678 sqft
Flat 9 - SF - 2 bedroom flat at 65 sqm2 / 699 sqft
Flat 10 - SF - 1 bedroom flat at 57sqm2 / 613 sqft
We have been advised the owner would be interested in leasing the Business Area and is open to discussions/proposals.
The apartments are all rented on AST's and can be offered with tenants in situation which is generating approx. £150,000 per annum or with Vacant Possession (subject to notice periods).
All viewings must be booked via Spicerhaart with relevant notice for access.
We are inviting unconditional offers of £2,300,000 for the freehold.
Agent Details
Chewton Rose
889-897 Silbury Boulevard, Milton Keynes, MK9 3XJ
Show Contact Number
01908 969 129
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.