RESIDENTIAL BLOCK OF FLATS AVAILABLE FOR SALE LOCATED ON REGINALD STREET IN LUTON

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Detailed Description

ATTENTION TO ALL INVESTORS! Myestate are proud to offer to the market this large residential building consisting of a mixture of bedsits, studios and self-contained flats on Reginald Street in Luton.

Reginald Street is close to Luton Town Centre and Train Station. The area benefits from its proximity to Junction 10 of the M1 motorway, and the M25 motorway Junction 21 is located 12 miles from Luton. Luton has regular rail services to London and the Midlands and offers a choice of three separate railway stations being Luton Parkway Airport, Luton and Leagrave. A typical train journey from London to Luton will take approximately 30 minutes.

The building has a very modern look and is purposely designed to cater for the current flats it has to offer.

Within the building you will find the following;

X2 Two Bedroom Flats ( Ground Floor + Basement)

X2 Bedsits ( First Floor)

X2 Studios (First Floor + Top Floor )

On the ground floor of the building you will find a rather large two bedroom flat with a greatly sized open plan kitchen dining area and a family sized bedroom. This flat has an entrance from the front of the building and also an exit from the side of the kitchen. Due to the depth of this flat it boasts with full character and is equipped with gas central heating, wood floorings and is laminated throughout.

A further two bedroom flat which is discreet and located at the rear of the building compromises with two double bedrooms, a beautifully sized open plan kitchen dining finished in great character and a bathroom equipped with electric shower. There are some similarities you will find in comparison to the ground floor flat. To access this flat will be via the side walk way of the building which will take you to the entrance.

First floor of the building you will find two bedsits which are double sized rooms with a communal bathroom one of which are a kitchenette room. There is also a large studio flat on the same floor which benefits from a reasonably sized kitchen area and bathroom. This flat consists of Gas appliances and is not your average studio flat of this size.

Top floor of the building also has an additional studio which almost replicates the size of the flat below and is greatly designed being on the top of the building with great views overlooking the town centre and its surroundings.

Currently ALL units are rented and achieving the following figures per unit;

> Flat 1 (First Floor) – Bedsit – 450.00

> Flat 2 (First Floor) – Bedsit - £460.00

> Flat 3 – (First Floor) – Studio - £550.00

> Flat 4 – (Top Floor) Studio - £550.00

> Ground Floor Flat (2 Bedroom) £775.00

> Basement Flat (2 Bedroom) £ 750.00

Monthly rental income of £3535.00 with potential to increase or yearly income £42,420.00

Exterior of the building benefits from a very modern look and has road parking available subject to permit.

Additional Information:
Luton is a vibrant, multicultural and cosmopolitan community. Here are some of the facilities Luton has to offer: Museums, Theatre and Cinema Complex, Biggest European Carnivals also the Town Centre which has a wide variety of shops and markets which is only couple of minutes away.

To arrange a viewing please kindly give Richie at My-Estate a call on 01582 380 330.

Amenities

  • Property Type: Block Of Flats
  • Kitchen-Diner
  • On-road Parking
  • Furnishing: Part Furnished
  • Open Plan Lounge
  • Tenure: Freehold
  • Sale classification: Buy to Let
  • Current Occupant: External Tenant
  • Fridge Freezer
  • Full Double Glazing
  • Washing Machine
  • Gas Central Heating
  • Combi Boiler
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