Commercial property for sale in 59 Castle Street, Luton, Bedfordshire LU1

Offers in region of £1,400,000
Interested in this property? Call +44 1582 936301 * or Request Details

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Commercial property for sale

14

Property description

Freehold £1,400,000.00

All flats fully furnished with tenants


A great investment, due to the current climate, has been reduced substantially

- Double Glazed
- Gas Central Heating
- Fully furnished
- All tenanted
- 14 Self contained flats & 1 Commercial Unit
- Established residential/commercial area of Luton, Beds
- Luton mainline Railway within 1 mile
- 1 miles off Junction 10 of M1 Motorway
- walking distance to Luton mall and Bury Park

Ultimate Connexions is pleased to present house converted into 14 self contained flats. Within minutes of M1 Junction 10, and within walking distance of Luton Town Centre, which provide all local amenities.

The flats are of moderate size and character, with carpeted and wood flooring. All of the flats have their own bathrooms, which are generally of good size and currently have electric showers.

All flats are currently rented to long-term tenants.

Current rental rates for the flats are between : £450.00 and £1200pcm

Total rental per month:- £ 9095.00 Per Month / Yearly income of £ 109,140.00PA .

Rental figures stated are current rents being achieved on this block of flats now.


Sale terms


For sale: £1,400,000.00

tenure: Freehold


EPC rating


59 Castle Street – 6 x Studio Flats and 3 x 1 Bedroom Flat

Flat 1 - EPC ? Rating 31.5sqm (1bed) rented at £500pcm

Flat 2 - EPC C rating 23.5sqm (studio) rented £525pcm

Flat 3 - EPC E rating 21sqm (studio) rented at £525pcm

Flat 4 - EPC D rating 32.5sqm (1bed) rented at £450pcm

Flat 5 - EPC D rating 14sqm (studio) rented at £500pcm

Flat 6 - EPC D rating 25sqm (studio) rented at £495pcm

Flat 7 - EPC C rating 34.5sqm (1 Bed) rented at £555pcm

Flat 8 - EPC D rating 18sqm (studio) rented at £495pcm

Flat 9 - EPC D rating 20.5sqm (studio) rented at £495pcm

61 Castle Street 1 x commercial shop 2 x Studio Flats 2 x 2 bedroom flats, 1 x 3 bedroom flat

Commercial Unit

Rateable Value: £3900.00

Base Rate £200.00

Shop rent: £525pcm 23sqm

Flat 1 - EPC C rating 23.5sqm (studio) rented at £500pcm

Flat 2 - EPC D rating 46.27sqm (2 bed) rented at £900pcm

Flat 4 - EPC C rating 46.27sqm (2 bed) rented at £900pcm

Flat 7 - EPC C rating 85.55sqm (3 bed) rented at £1200pcm

Basement Flat - EPC D rating 27sqm - (studio) rented at £550pcm

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For more information about this property, please contact
Ultimate Connexions, LU1 on +44 1582 936301 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ultimate Connexions, and do not constitute property particulars. Please contact Ultimate Connexions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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