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" Guide Price £75,000

For Sale By Public Auction 12th March 2024 08 45 AM To inspect the legal documents for this property go to our website to download the legal pack

A First Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £9,840 Per Annum

Tenure
Leasehold. The property is held on a 99 year lease from 1st January 2007 thus approximately 82 years unexpired .

Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Brantwood Park are within easy reach. Transport links are provided by Luton rail station.

Description
The property comprises a first floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.

Accommodation
First Floor
Reception Room
Kitchen
Bedroom
Bathroom

Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 1st July 2023 at a rent of £820 per calendar month.

Note
The internal photos provided were taken prior to the tenant moving in.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90 years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. In most cases, the leaseholder must have owned the property for at least 2 years in order to serve a S42 notice. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
D

Viewing Appointments to be Confirmed "