Home » Property Search » Auctions » 09/02/17 » Flats 15-26 Hewlett Road, Luton, Bedfordshire, LU3 2RP

Lot 37 - Flats 15-26 Hewlett Road, Luton, Bedfordshire, LU3 2RP

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FREEHOLD GROUND RENT INVESTMENT ON 12 FLATS, 11 WITH 81 YEARS UNEXPIRED

Guide price: £20,000 - £21,000

Location & Description

A pair of adjoining detached purpose-built blocks and parking spaces comprising 12 flats in the cul-de-sac section of Hewlett Road, off Marsh Road (B579) which has numerous multiple national retailers.

Luton is just to the east of junctions 10/10A of the M1 and is well known for its airport and the University of Bedfordshire.

Accommodation

The 12 flats are sold on long leases as follows:

11 for 99 years from 01.01.1999 at £50 p.a.- approximately 81 years unexpired.
1 for 189 years from 01.01.1999

EQUIVALENT TO £550 p.a WITH 11 FLATS HAVING ABOUT 81 YEARS UNEXPIRED

Result

Sold for £51,000

Addendum

There is an inconsistency with the numbering of the flats and the legal pack refers to this.

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