Land for sale in Reginald Street, Luton LU2

Description

H&W Properties Ltd is a property investment company comprising multi-let residential investment properties.

The Victorian properties were redeveloped within the last few years to a high specification and form a mix of self-contained flats and HMOs. Outside space and parking provisions are also available.

Net rents:

• 48-52 Reginal Street = £171,000 pa


• 34 Clarendon Road = £84,000 pa


• Misc = £4,320 pa


• Gross Income = £259,320 pa


• Utility costs = £17,235


• Total = £242,085 pa

Location

The subject properties are situated on Reginald Street and Clarendon Road in the High Town suburb of Luton, off Old Bedford Road and adjacent to the Peoples Park.

• 6 miles to Luton Town Centre


• 3 miles to Luton train station


• 4 miles to Bedfordshire University


• 13 minute drive to Luton & Dunstable Hospital


• 10 minute drive to London Luton Airport

Terms

The premises are available to purchase individually or combined, upon a freehold basis.

• 48-52 Reginald Street: £1,800,000


• 34 Clarendon Road: £1,200,000


• H&W Properties Ltd: £3,000,000

If both assets are purchased together, 100% shares in the freehold owning company (H&W Properties Ltd) are available, giving the buyer substantial savings on Stamp Duty Land Tax.

Legal Costs

Each party are to bear their own costs.

VAT

Plus VAT at the appropriate rate, if applicable.