10 bedroom block of apartments for sale

A substantial freehold building comprising nine x studio flats and a one-bedroom apartment, with a HMO licence. Located in a prime central position close the mainline station and the Arndale shopping centre with all units currently being tenanted, producing an annual income of £83,760, for sale by Public Auction on Wednesday 22nd October 2025.

A fully licensed HMO (House of Multiple Occupancy) comprising nine x generous-sized en-suite studio flats over three floors and a self-contained one-bedroom basement apartment. Each studio has a living/bedroom area, en-suite shower room and kitchenette area. On the ground floor is also a fully equipped kitchen and a laundry area, with the washing machines and tumble dryers being coin operated. Each studio and the basement apartment are independently metered for utilities, payable by the tenants. Each studio is furnished including a bed, bedside cabinets, a wardrobe, and a fridge-freezer.

The property was renovated and extended in 2023 and has been finished to a very high standard and produces rental income of £83,760 per annum. To the rear of the property is a privately gated parking area for several vehicles which is accessed from the street via a shared driveway adjacent to the property.

Tenure:
Freehold

Tenancy:
Studio 1 is subject to an Assured Shorthold Tenancy producing £650 pcm.
Studio 2 is subject to an Assured Shorthold Tenancy producing £650 pcm.
Studio 3 is subject to an Assured Shorthold Tenancy producing £700 pcm.
Studio 4 is subject to an Assured Shorthold Tenancy producing £675 pcm.
Studio 5 is subject to an Assured Shorthold Tenancy producing £650 pcm.
Studio 6 is subject to an Assured Shorthold Tenancy producing £595 pcm.
Studio 7 is subject to an Assured Shorthold Tenancy producing £685 pcm.
Studio 8 is subject to an Assured Shorthold Tenancy producing £750 pcm.
Studio 9 is subject to an Assured Shorthold Tenancy producing £800 pcm.
Flat 50A is subject to an Assured Shorthold Tenancy producing £825 pcm.
Total monthly income: £6,980. Total annual income: £83,760.

Viewings:
Tue 7 Oct 12:45-13:30
Sat 11 Oct 11:15-12:00
Wed 15 Oct 12:45-13:30
These are open house viewings, you do not need to make an appointment you can simply attend between the published times.

* The auction is being held at the Delta Marriott Hotel, Timbold Drive, Milton Keynes MK7 6HL on Wednesday 22nd October 2025 and will start at 12:00; it is a public auction so you can just turn up on the day you do not need to pre-register.

You can also register for telephone/proxy/internet bidding online from the 13th October 2025 by following the link below and clicking on the yellow box Register to Bid: *

EPC Rating:
D

VAT:
VAT is not applicable

Local Authority:
Luton Borough Council[use Contact Agent Button]

Services:
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Buyers Premium:
There is no Buyer's Premium payable on this lot.

Disbursements:
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Administration Charge:
Purchasers will be required to pay an administration fee of £1,500 incl. VAT