- Off market
- Freehold
- The seller has received planning permission to demolish two of the buildings giving a buyer an opportunity of developing
- The entire portfolio is 98% rented although not always physically occupied as most of the tenants are university students
- The entire portfolio produces a rental income of circa £360k per annum
- Description of the individual properties:
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- 65 Ashburnham Road, Luton
1 bedroom flat x 1
Studio Flats x 5
Rental income £5425.00 pm
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- Biscot Road, Luton, LU3 1AH
2 bedroom Flats x 3
1 bedroom Flats x 7
Studio Flats x 6
Rental income £8535.00 pm
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- Biscot Road, Luton, LU3 1AH
11 Studio Flats
Rental income £5425.00 pm
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- Castle Street, Luton, LU1
1 bedroom x 2
Studios x 8
Rental income £4765.00 pm
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- Castle Street, Luton, LU1
3 Bedroom x 1
2 Bedroom x 2
Studio x 2
1 retail shop (with planing permission to convert a studio)
Rental income £4150.00 pm
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- Biscot Road has a large area at the rear used as a car park for the Flats.
(The large area at the rear that is used for parking does have the potential for further development subject to planing permission.)
- Selling price £4.2m.
We will require a buy side fee.
Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.
In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.
Office: +44(0)330 2236988
investments@trellows.co.uk
investments.trellows.com
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