Kimpton Road, Luton

FOR SALE BY AUCTION ON WEDNESDAY 24TH OF JULY 2024 AT 1 PM
SALE VIA A LIVE-STREAMED AUCTION
GUIDE PRICE: £195,000
VIEWING TIMES: BY APPOINTMENT ONLY, PLEASE CALL TO ARRANGE

This is a fantastic opportunity to purchase a second floor one-bedroom luxury apartment situated in the heart of Luton Town Centre within walking distance to Luton Airport and London DART Parkway. The property is presented in brilliant condition with modern appliances and would attract an appealing rent of £1,100 p.c.m generating £13,200 pa which is a 6.2% yield. The property is currently offered with vacant possession and the internal condition is immaculate, the accommodation comprises an open-plan lounge/kitchen/diner with one bedroom and a family bathroom. There is a 24-hour concierge service and access to communal gardens.

Accommodation -

Communal Entrance Hall - Approached using a fob access with entry phone system, there are lifts leading to each floor which require a fob to operate ensuring security throughout. There are individual letterboxes for each apartment.

Kitchen/Lounge/Diner - 6.25m x 5.11m (to max) (20'6" x 16'9" (to max)) - A fantastic open-plan space which provides room for dining and lounge suites. There is a window to the rear elevation, overlooking the rear garden.

Kitchen Area - Fitted with a range of floor and wall-mounted cabinets, there are composite worktops and tiled splashback with various underlighting. There is an integrated electric oven with induction hob and extractor above, a fridge/freezer and a stainless steel sink and drainer.

Lounge Area - TV and telephone points connected with various Internet connections. The wood effect floor continues throughout the apartment.

Dining Area -

Bedroom - 4.14m x 3.30m (to max) (13'07 x 10'10 (to max)) - Space for double bed with TV and telephone points connected, space for free-standing wardrobes with a window to the side and electric heater connected.

Bathroom - 2.16m x 1.85m (7'01 x 6'01) - Suite comprising WC, hand wash basin, bath with shower head over. There are tiled walls and LED downlights fitted with a stainless steel handrail.

Store -

Outside -

Communal Gardens - There is a well-kept outdoor space accessed on the ground floor.

Concierge - The management company has a full-time 24-hour concierge on-site.

Services - Mains water, electric and drainage. None of these services has been tested.

Terms Of The Lease - The property is offered on a 999-year lease commencing 1st January 2021. Service charges include £933.32 (last 6 months) and £82.29 Reserve Fund (previous 6 months)—There is a peppercorn ground rent.

How To Get There - From Luton Town Centre proceed in a south eastly direction along the A505 toward the University of Bedfordshire. Upon the roadabout take the third exit onto Windmill Road taking the first exit onto Kimpton Road where the property can be found on the left-hand side. The entrance to the apartment is via the middle doors with Calibra Court titled above.

Price Information - *Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.

Buyer's Premium Fee - The purchaser will be required to pay a buyer's premium charge of £1,500 plus VAT.

Buyer's Administration Fee - The purchaser will be required to pay a buyer's administration fee of £950 plus VAT.