Studio for sale in Luton LU1, 0 Bedroom

Lot 136 - This lot is for sale by auction as lot 136 on Thursday 28th March 2019.

A Leasehold Self-Contained Purpose Built Second Floor Flat subject to an Assured Shorthold Tenancy

Current Gross Rent Reserved

£5,700 per annum (equivalent)

Tenure
Leasehold. The property is held on a lease for a term of 99 years from 29th September 1985 (thus having approximately 65 years unexpired) at a current ground rent of £70 per annum.

Location
Farley Lodge is located on Ruthin Close which is accessed via Farley Hill. Local shops and amenities are available in nearby Luton town centre to the north. Luton Rail Station provides a regular and direct service to London St Pancras International Station. The M1 Motorway is easily accessible to the west and local bus routes run along Farley Hill. London Luton International Airport is also close by.

Description
The property comprises a self-contained flat situated on the second floor of a purpose built building.

Accommodation
The property was not internally inspected by Allsop. The following information was provided by the Vendor. We are informed that the property provides:Studio Accommodation

Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 6 months from 1st January 2014 (holding over) at a current rent of £475 per calendar month.

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.