Map
Area stats9 bedroom flat for sale
Key information
Features and description
- Freehold Residential Portfolio
- Located In High Town Luton
- 3 Buildings 9 Self Contained 1 Bedroom Flats
- Close To University Of Bedfordshire And Mainline Station
- Fully Let Income Producing Asset
- Established Professional Tenant Base
- Current Rental Income £77,100 Per Annum
- No HMO Licensing Requirements
- Reversionary Potential To Approx £84,600 Per Annum
- Sold As A Single Lot Investment Opportunity
Freehold Residential Investment Portfolio
253–259 High Town Road, Luton
A substantial freehold portfolio comprising three adjoining buildings and nine self contained one bedroom flats, offered for sale as a single lot.
The portfolio provides immediate income with further reversionary potential.
Asset Overview
• 9 x self contained one bedroom flats
• EPC ratings C and D
• Mixture of gas central heating and electric systems
• Combination of long term and recently renewed tenancies
• Predominantly professionally managed
• No major structural issues reported
Property Breakdown
253 High Town Road – 3 x one bedroom flats
257 High Town Road – 4 x one bedroom flats
259 High Town Road – 2 x one bedroom flats
All units are self contained and let on residential tenancies.
Income Profile
Current gross income approximately £77,100 per annum.
Several units are below prevailing market rent levels, providing clear scope for phased rental growth. Estimated fully adjusted income approximately £84,600 per annum.
All units are sold with tenants in situ.
Location
Situated in the High Town area of Luton, within close proximity to the University of Bedfordshire, Luton town centre and mainline rail services to London.
High Town remains a consistently performing residential rental location with strong demand from working professionals.
Additional Information
Floor plans and detailed tenancy information available upon request.
Proof of funds required prior to viewings.
Guide Price £1,050,000
EPC rating: D. Tenure: Freehold,Area statistics
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