£2,250,000
Est. Mortgage £11,256 per month*
16 bedroom block of apartments for sale
Luton LU1
flat 
16 bedrooms Property description
Freehold Investment Opportunity consisting of 10 luxury apartments finished to a very high specification. All apartments are let at present and generating a rental income collectively of approx. £150,000 per annum.
The block is set over three floors with two staircases accessing all floors. There are doors to the front and rear, intercom systems to all apartments, communal courtyard to the rear with refuse space, CCTV throughout the common parts and triple glazed to the front and double glazed to the rear.
The building has recently been constructed and was signed off by building control in October 2023 and comes with relevant warranties/guarantees.
Flat 1 - GF 2 bedroom at 57.1 sqm2 / 614 sqft
Flat 2 - GF 1 bedroom at 52 sqm2 / 560 sqft
Flat 3 - GF 2 bedroom at 64.2 sqm2 / 691 sqft
Business Area - B1 (a) - 45 sqm2 / 484 sqft
Flat 4 - FF - 2 bedroom at 63 sqm2 / 678 sqft
Flat 5 - FF - 1 bedroom flat at 52 sqm2 / 560 sqft
Flat 6 - FF - 2 bedroom flat at 64.5 sqm2 / 694 sqft
Flat 7 - FF - 1 bedroom flat at 55.3 sqm2 / 595 sqft
Flat 8 - SF - 2 bedroom flat at 63 sqm2 / 678 sqft
Flat 9 - SF - 2 bedroom flat at 65 sqm2 / 699 sqft
Flat 10 - SF - 1 bedroom flat at 57sqm2 / 613 sqft
We have been advised the owner would be interested in leasing the Business Area and is open to discussions/proposals.
The apartments are all rented on AST's and can be offered with tenants in situation which is generating approx. £150,000 per annum or with Vacant Possession (subject to notice periods).
All viewings must be booked via Spicerhaart with relevant notice for access.
We are inviting unconditional offers of £2,300,000 for the freehold.
The block is set over three floors with two staircases accessing all floors. There are doors to the front and rear, intercom systems to all apartments, communal courtyard to the rear with refuse space, CCTV throughout the common parts and triple glazed to the front and double glazed to the rear.
The building has recently been constructed and was signed off by building control in October 2023 and comes with relevant warranties/guarantees.
Flat 1 - GF 2 bedroom at 57.1 sqm2 / 614 sqft
Flat 2 - GF 1 bedroom at 52 sqm2 / 560 sqft
Flat 3 - GF 2 bedroom at 64.2 sqm2 / 691 sqft
Business Area - B1 (a) - 45 sqm2 / 484 sqft
Flat 4 - FF - 2 bedroom at 63 sqm2 / 678 sqft
Flat 5 - FF - 1 bedroom flat at 52 sqm2 / 560 sqft
Flat 6 - FF - 2 bedroom flat at 64.5 sqm2 / 694 sqft
Flat 7 - FF - 1 bedroom flat at 55.3 sqm2 / 595 sqft
Flat 8 - SF - 2 bedroom flat at 63 sqm2 / 678 sqft
Flat 9 - SF - 2 bedroom flat at 65 sqm2 / 699 sqft
Flat 10 - SF - 1 bedroom flat at 57sqm2 / 613 sqft
We have been advised the owner would be interested in leasing the Business Area and is open to discussions/proposals.
The apartments are all rented on AST's and can be offered with tenants in situation which is generating approx. £150,000 per annum or with Vacant Possession (subject to notice periods).
All viewings must be booked via Spicerhaart with relevant notice for access.
We are inviting unconditional offers of £2,300,000 for the freehold.
Property photos
Council tax
First listed
Over a month agoEnergy Performance Certificate
Luton LU1
Placebuzz mortgage repayment calculator
Monthly repayment
Based on a 25 year mortgage, with a 10% deposit and a 4.50% interest rate.
Luton LU1 - Streetview
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