Frederick Street, LutonOffers in Excess of £1,200,000
On MarketPenrose Estate Agents - 01582 2808183006
- Block Of Nine Apartments (included duplex split level apartment and maisonette)
- Land to rear offers further scope for development of further units STPP
- Approx current rental income of £67,000 PA. All rents due rent review and increase on renewal
- Walking Distance To Train Station And Town Centre
- Freehold
- Courtyard amenity space to rear
- Very well managed and maintained
A fantastic opportunity to purchase this freehold block of nine apartments along with the freehold, located in the sought after High Town area and within walking distance to the train station and town centre. The property has been well maintained by the current owner and offers this development ready to go, with an annual return in the region of £65,000.
The property consists of 7 one bedroom apartments, a one bedroom maisonette and a one bedroom duplex apartment. There is also parking and a courtyard garden to the rear of the development, offering further potential to add further units (STPP).
This development will make a brilliant addition to any property portfolio and early viewing is highly advised.
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