LOT 38

Guild House, 28 Guildford Street, Luton, Bedfordshire, LU1 2NR

LARGE LEASEHOLD LICENCED HMO IN TOWN CENTRE LOCATION

Guide price: £170,000 - £180,000*

Auction Date

Wednesday, 17th February 2021 12:00pm

Luton is about 30 miles north of London, easily reached from the M1 and well known for its airport & university. A large terraced property on 4 main floors (accessed via the adjoining shared tunnel driveway) close to Cheapside. The town centre with its major shops is a few minutes’ walk away as is the mainline station.

Lease Details

99 years from 18.01.2013. Approx 91 years unexpired.
Current rent is £24,864.50 p.a. from 2019 with specified stepped 3 year increases.
Tenant's break in 17 years.

EQUIVALENT TO £50,700 P.A. WITH VACANT ROOMS & SEE LEASE DETAILS

Planning

HMO licence GRANTED 22.06.2018 for 5 years for 12 Households & 12 Occupants.
Seller has we understand applied to the Council to increase this limit.

EPC Rating

Various entries on Register - No 28 is 'C'

Note

1. Auction Surveyor: Ian Mann
Contact: 020 8509 4407
2. The occupancy and rents can obviously slightly change at any time.
The buyer has to take the property subject to the occupancies at completion.
All accommodation/tenancy details provided by seller.

Status

Please refer to auctioneer

Addendum

The property is in a conservation area.

Accommodation

Unit Accommodation Tenancy Rent pcm EPC Rating
Top/Loft Floor Studio room, kitchen, shower/WC Monthly agreement £700
First Floor Kitchen, bathroom/WC, shower/WC Communal areas
First Floor 5 rooms - 3 doubles and 2 singles 2 let and 3 vacant £800 in total
Ground Floor 4 rooms - 1 double & 3 singles Let on ASTs & monthly agreements £1,600
Ground Floor Reception/office with WC, utility room
Basement Double room with WC AST £550
Basement Double room, shower/WC, small outside terrace AST £575
Basement Kitchen/recreation, bathroom/WC, store Communal

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.