Castle Street, Luton
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
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Description
This well-located basement studio flat offers an excellent opportunity for investors and would make an ideal addition to a rental portfolio. The property is held on a 125-year lease, with approximately 107 years remaining, and benefits from a peppercorn ground rent. Situated close to the town centre and a range of local amenities and public transport links, the property is also conveniently located within a short drive of the M1 motorway and London Luton Airport. The property is in need of general refurbishment, providing an opportunity for the incoming owner to modernise and improve the accommodation. Please note that a communal entrance door key is currently awaited. As a result, access to the property may not be possible prior to the auction, and prospective purchasers should take this into consideration when bidding.
TO REGISTER TO BID AND VIEW LEGAL DOCUMENTS, PLEASE VISIT OUR WEBSITE:
orthantsbedsandbucks
Special Note: - Please be aware that, at present, we are unable to access the property as the seller has been unable to secure a copy of the communal entrance door key.
The property has previously been inspected, and the accommodation has been confirmed. It should also be noted that the property is in need of general refurbishment.
Upon completion of the sale, the new owner will be provided with the keys to the property. However, it will be the new owner's responsibility to obtain access to the communal entrance and make any necessary arrangements with the relevant parties to secure a communal door key.
Accomodation -
Communal Entrance - With a code entry door, leading to a further communal entry door
Inside - The property consists of an open plan studio room, with a kitchen area and a separate bathroom. We have been unable to access the property to take measurements or draw up a floor plan.
Lease Details - The property is subject to a 125 year lease with around 106 years remaining with a peppercorn ground rent.
SERVICE CHARGE INFORMATION:
Our client has been unable to provide this information to us because they are an Asset Management Company with limited knowledge of this property. Because of this we are unable to provide figures relative to the current charges that may be applicable to this property
Council Tax - Band A, Luton
Epc Note - The client has been unable to access the property to commission and up to date EPC and the current rating is unknown.
Price Information - *Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
Buyers Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
Buyers Premium Charge - The purchaser will be required to pay a buyers premium charge of £3000 (£2500 plus vat)
How To Get There - From the M1, junction 11, follow the A505 to the Castle Street roundabout and take the third exit on to Castle Street. The property will be on your left.
Doisa/2608Sa0463 -
Brochures
Castle Street, LutonBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
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About Auction House, Northamptonshire
9 Westleigh Office Park Scirocco Close Moulton Northampton NN3 6BW
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Visit our security centre to find out moreDisclaimer - Property reference 34895834. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Northamptonshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Northamptonshire on 01604 279527.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.