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Apartment 8, The Academy, Holly Street
Bedfordshire,
LU1 3DD
Guide Price
Flat/Apartment
1
1
1
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** FOR SALE BY AUCTION ON WEDNESDAY 30th APRIL 2025 COMMENCING AT 1PM ** SALE VIA A LIVE-STREAMED AUCTION **
**GUIDE PRICE £120,000+ ** VIEWINGS BY APPT **
This town centre located one bedroom ground floor flat with its own parking space would be an ideal property to add to your buy to let portfolio, with a potential annual rental income of £12,000 providing an attractive gross yield. In need of general decoration and improvement, but comes with the benefit of a lease term of 125 years with 105 remaining and a keen auction guide price. Features a modern open plan layout and its own covered balcony from the living area. Located within easy reach of the Town Centre and transport links to include Luton Central train station. Call Auction House Beds and Bucks now to find our more information and book a viewing by appt. EPC GRADE D
With intercom entry system, the property is situated on the ground floor of the building
Front door, built in storage cupboard, airing cupboard with hot water tank, storage heater, door to
5.36m to max x 4.27m (17'7 to max x 14)
With windows and french doors to a covered balcony area, storage heater, open plan to
3.18m to max x 2.34m (10'5 to max x 7'8)
Window to side, a range of fitted wall and base units, rolltop worksurfaces, sink unit, built in oven/hob and filter hood, laminate floor.
4.06m x 3.56m (13'4 x 11'8)
Window to front, storage heater.
2.34m x 1.68m (7'8 x 5'6)
With full size bath, sink unit, WC, heated towel rail and part tiled walls
With raised patio area and steps down to a lawned area
One allocated off street car parking space as shown on the lease plan
With a 125 year lease term (105 years remaining)
Ground Rent £390.52 per annum and service charge £2750.73 per annum.
We are informed the property is connected to mains electricity and water
Luton council, Band B
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.
The purchaser will be required to pay an administration charge of £960 (£800) plus vat)
The purchaser will be required to pay a buyers premium charge of £1,200 (£1000 plus VAT)
From junction 10 M1, follow New Airport Way and turn left on to Kimpton Road, follow to Windmill Road and on to the A505 and turn left at the Castor Street roundabout onto Castle Street and left on to Holly Street where you will find The Academy.
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If you would like a viewing, or to talk to a member of our team before requesting a viewing, please call our office on 01604 250066
