Studio flat for sale
Luton LU2
studio Flat
Property photos
+10
Property description
Venture Commercial are pleased to offer a property investment portfolio of multi-let residential investments for Sale. These Victorian properties have undergone recent redevelopment to a high specification, featuring a combination of self-contained flats and HMOs. The properties also provide outdoor space and parking provisions for convenience.
The net rents for the properties are as follows:
- 48-52 Reginald Street: £150,000 per annum (Comprises of 6 flats and 2 Houses with HMO licensing, totalling to 11 bedrooms)- 34 Clarendon Road: £81,000 per annum (Comprises of 6 flats, 2x1 bed, 2x2 beds, 2x3 beds)- Total: £231,000 per annum
These properties are available for purchase individually or combined, on a freehold basis. The pricing is as follows:
- 48-52 Reginald Street: £1,800,000
- 34 Clarendon Road: £1,200,000
- H&W Properties Ltd (both assets combined): £3,000,000- Providing a rental yield of over 7.5%
Purchasing both assets together provides the opportunity to acquire 100% shares in the freehold owning company, resulting in substantial savings on Stamp Duty Land Tax.
Please note that legal costs will be borne by each party individually, and VAT will be applicable at the appropriate rate, if applicable.
For further information or to arrange a viewing, please contact the relevant parties mentioned in the brochure.
The net rents for the properties are as follows:
- 48-52 Reginald Street: £150,000 per annum (Comprises of 6 flats and 2 Houses with HMO licensing, totalling to 11 bedrooms)- 34 Clarendon Road: £81,000 per annum (Comprises of 6 flats, 2x1 bed, 2x2 beds, 2x3 beds)- Total: £231,000 per annum
These properties are available for purchase individually or combined, on a freehold basis. The pricing is as follows:
- 48-52 Reginald Street: £1,800,000
- 34 Clarendon Road: £1,200,000
- H&W Properties Ltd (both assets combined): £3,000,000- Providing a rental yield of over 7.5%
Purchasing both assets together provides the opportunity to acquire 100% shares in the freehold owning company, resulting in substantial savings on Stamp Duty Land Tax.
Please note that legal costs will be borne by each party individually, and VAT will be applicable at the appropriate rate, if applicable.
For further information or to arrange a viewing, please contact the relevant parties mentioned in the brochure.
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First listed
Over a month agoLuton LU2
Marketed by
Venture Commercial - Luton 9 Compton Avenue Luton, Bedfordshire LU4 9AXPlacebuzz mortgage repayment calculator
Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Luton LU2 - Streetview
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Venture Commercial - Luton. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Venture Commercial - Luton for full details and further information.
