Rivergate Towers, Block of eight apartments
- PROPERTY TYPE
Detached
- BEDROOMS
8
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold block of eight apartments
- Planning previously granted for ninth apartment to ground floor garage space
- Private road within walking distance to station
- Current rent circa £62000 PA (current rental valuation £72,000 PA)
- Penrose can administer and manage tenancy take over and ongoing management
- Ideal HMO conversion project
- Further potential to extend to both side of the building subject to planning
Description
Penrose are delighted to present to the market this exciting freehold opportunity situated along a private drive within the ST Annes/Town centre boarders a short distance from the new Luton Football stadiums proposed site, Power Court. This offers any buyer confidence in the capital growth of the property with an area earmarked for major development as well as the instant rental return
The property is currently made up of and rented as eight apartments of differing sizes and layouts which can be seen on the adverts measured floorplan. Currently four studio flats , three one bedroom apartments and a two bedroom top floor penthouse apartment.
The garage space on the ground floor has also previously been granted planning permission to convert into a ninth unit. All apartments are currently occupied and Penrose can act as management agents for any new buyer. The property is currently generating in the region of £61,0000 rental income PA but all rents should be reviewed with a current target rental valuation of around £72,000 PA. The property is situated on a secluded private road within easy walking distance to Luton town centre as well as the train station making it an attractive option for tenants.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Rivergate Towers, Block of eight apartments
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Luton Station0.4 miles
- Luton Parkway Station0.8 miles
- Leagrave Station2.7 miles
About Penrose Estate Agents, Luton
386 Hitchin Road Luton LU2 7SRPenrose Estate Agents - Your Agent Of Choice
Our names are Richard, Ben and Adam and we founded Penrose Estate Agents in 2016. Between us, we hold over thirty years of industry experience helping thousands of people in and around Luton complete their home moves.
We offer sellers and landlords a unique full range of marketing options, from an online only service through to traditional, fully managed moves.
We understand that our customers have very different desires and deserve a real choice on how we help them achieve the best possible price. By combining both the online and traditional services, we provide flexible solutions that will meet every customers demands.
When you instruct us to sell or rent your property you can rest assured you will be dealing with experienced and efficient property professionals, who care about both you and your home.
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Visit our security centre to find out moreDisclaimer - Property reference PNR_PNR_LFSYCL_524_685134952. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Penrose Estate Agents, Luton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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