This studio apartment situated within the Northern outskirts of Lutons boarders offers very realistic value for money and a healthy rental return to any buy to let investor. Currently rented at £460 per month to a tenant who has resided in the premises for over seven years. The tenant would like to remain in place so the tenancy would transfer to the new buyer. Penrose are happy to administer this as part of the sale. The block is well kept and maintained by Luton borough council. It has a secure intercom entry and its own private access. The apartment itself comprises of entrance hall, kitchen, bathroom, main living area and built in storage cupboard. With a + 900 year lease and reasonable service charges and ground rent this is a great chance to start or add to a portfolio.
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