Property description

For sale by auction on Thursday, 16 Jun 2022 at 2:30pm

Venue: Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire, MK7 6HL

Four x two bedroom apartments each let with a combined income of £34,800 per annum, ideally located In Park Street West in the centre of Luton.

The four apartments are on the first and second floor of the building and are well located in the centre on Luton with it's associated amenities and mainline station accessing London St Pancras.

Each apartment comprises entrance hall, sitting room, kitchen, two bedrooms and bathroom and are in good order and all are let with a combined income of £34,800 per annum.

First Floor Flat 1 Accommodation:
Entrance hall, sitting room, kitchen, two bedrooms and family bathroom.

First Floor Flat 2 Accommodation:
Entrance hall, sitting room, kitchen, two bedrooms and family bathroom.

Second Floor Flat 3 Accommodation:
Entrance hall, sitting room, kitchen, two bedrooms and family bathroom.

Second Floor Flat 4 Accommodation:
Entrance hall, sitting room, kitchen, two bedrooms and family bathroom.

Lease:
Flat 1 - 100 years from 25th December 1983 (61 years remaining).

Flat 2 - 100 years from 25th February 1983 (60 years remaining).

Flat 3 - 100 years from 25th December 1983 (61 years remaining).

Flat 4 - 100 years from 25th December 1983 (61 years remaining).

Rental Income:
Flat 1 - £750 pcm

Flat 2 - £750 pcm

Flat 3 - £750 pcm

Flat 4 - £650 pcm

Total - £2,900 pcm - £34,800 per annum.

Service Charge:
£75 pcm for each apartment.

Ground Rent:
£50.00 per annum for each apartment.

Council Tax Band:
B, B, B, B

Open House Viewings:
Wed 1 Jun: 12:45 - 13:30

Thu 9 Jun: 12:45 - 13:30

Sat 11 Jun: 13:15 - 13:45

These are open house viewings, you do not need to make an appointment you can simply attend between the above times.

EPC Rating: C, D, C, D

Viewings
01 Jun 2022 12:45 - 13:30
09 Jun 2022 12:45 - 13:30
11 Jun 2022 13:15 - 13:45

Additional Fees
Buyers Premium: There is no Buyer's Premium payable on this lot.

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 incl. VAT.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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 Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.