Postponed till our next auction on Thursday 9th February 2023

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A freehold block of 8 flats comprising 3 x 2 bedroom and 5 x 1 bedroom apartments across 3 floors. All let on ASTs producing a collective rent of £5850 pm.

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Description/Location

The property is situated at the junction of Windsor Road and Russell Street. The recently constructed flats are arranged across 3 floors and feature contemporary kitchen and bathroom fittings, modern decor and double glazing. We refer bidders to the legal pack and local authority planning portal for details of the planning status including a summary letter from Luton Borough Council Development Management dated 23/07/2021. In addition to the occupied flats the property includes 2 large storage areas converted to form 2 x studio flats.

Tenure

Freehold

Local Authority

Office Contact

Network Auctions - 020 7871 0420

Rent

Current Rent: £70,200 pa

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*Guide Price & Reserves

Generally speaking Guide Prices 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. Virtually every 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.