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Crown House 17-19 New Bedford Rd 8 Unit Apartment Building $467,527 ($58,441/Unit) Luton LU1 1SH
Investment Highlights
- Town Centre Location
- Close to local amenities
- Car Parking
Executive Summary
Purpose built premises comprising two retail units and 8 apartments with undercroft car parking. The retail units are both let and the apartments have been sold.
Retail Unit 17 - let for a term of 9 years from June 2017. The passing rental is £8,000. The 2023 rent review has not been settled. We believe it to have a rental value of circa £13,000 per annum. Lease expires 2026.
Retail Unit 19 - let for a term of 15 years from June 2021. The passing rental is £14,000 per annum and was set in June 2021.
Retail Unit 17 - let for a term of 9 years from June 2017. The passing rental is £8,000. The 2023 rent review has not been settled. We believe it to have a rental value of circa £13,000 per annum. Lease expires 2026.
Retail Unit 19 - let for a term of 15 years from June 2021. The passing rental is £14,000 per annum and was set in June 2021.
Property Facts Sale Pending
| Price | $467,527 | Building Class | B |
| Price Per Unit | $58,441 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 3,276 SF |
| Tenure | Freehold | No. Stories | 3 |
| No. Units | 8 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1.53/1,000 SF |
| Property Subtype | Apartment |
| Price | $467,527 |
| Price Per Unit | $58,441 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 3,276 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Parking Ratio | 1.53/1,000 SF |
Amenities
Site Amenities
- Security System
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Crown House | 17-19 New Bedford Rd
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