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Hitchin Road, Luton, LU2 0EW

£1,250,000
  • Description
  • Address
  • Details

Description

  • INVESTMENT OPPORTUNITY
  • Ten tenanted apartments
  • Rear Gardens
  • Close to Luton town centre
  • Close to Luton mainline train station

Venture Residential are pleased to offer for sale this amazing investment opportunity which comprises five terraced homes, each property is split into two separate one bedroom apartments each with their own private access, kitchen, bathroom and lounge. The ground floor apartments benefit from a rear garden.
Hitchin Road is conveniently located within walking distance to Luton mainline train station, Luton town centre and the A6. Local shops, restaurants and public houses are located a short stroll up the hill.
Eight of the ten apartments are currently tenanted and are being sold as an ongoing concern with tenants in situ. The remaining two apartments are currently on the market as available to let.

Total rental income currently stands at £4,217pcm for the eight tenanted apartments and will increase to £5517.00pcm once the remaining two properties are let.

There is potential to create an even greater income by increasing the rent on individual apartments which have lower than market value rent as and when the current tenants move out.

Address

  • Town: Luton
  • County: Bedfordshire
  • Post Code: LU2 0EW
  • Country: UK

Detail

Updated on April 18, 2019 at 6:05 pm

  • Property ID: 7627453
  • Price£1,250,000
  • Bedrooms10
  • Bathrooms10

Additional details

  • Hallway: Laminate flooring, Radiator.
  • Kitchen: Double glazed window, Washing machine, Fridge freezer, Boiler, Radiator, Stainless steel sink, Base and wall units.
  • Bedroom: Double glazed window, Radiator, Carpet.
  • Lounge: Laminate flooring, Radiator, Double glazed window.
  • Bathroom: Low level WC, Heated towel rail, Extractor fan, Double glazed window, Pedestal wash basin.
  • Bathroom: Pedestal wash basin, Shower cubicle, Low level WC, Double glazed window, Heated towel rail.
  • Kitchen: Vinyl flooring, Boiler, Oven, Fridge freezer, Double glazed window.
  • Lounge: Gas fire, Radiator, Double glazed window.
  • Bedroom: Double glazed bay window, Radiator, Laminate flooring.
  • Entrance Hall: Radiator
  • Bathroom: Low level WC, Pedestal wash basin, Double glazed window, Bath with mixer taps and shower over, Radiator.
  • Kitchen: Double glazed window, Wall and base units, Oven, Fridge freezer.
  • Bedroom: Radiator, Double glazed window, Carpets.
  • Lounge: Double glazed windows, Radiator, Carpets.
  • Kitchen: Vinyl flooring, Stainless steel sink, Wall and base units, Fridge freezer, Oven, Washing machine, Boiler.
  • Bathroom: Low level WC, Pedestal wash basin, Bath, Double glazed window.