This ground floor studio flat is located close to the Town Centre and local amenities and is presented to auction as an on-going investment with a Tenant and AST in place from June 2025 generating £550 PCM which translates to a Gross Yield of up to 13 %, making this an attractive proposition. Features larger than average studio accommodation with communal entrance, lounge/bedroom, separate fitted kitchen and separate shower room. The property also benefits from a 995 year lease from 1987. Leasehold. 995 COMMUNAL ENTRANCE STUDIO ROOM 14'5 X 11'7 KITCHEN 12'4 X 5'2 SHOWER ROOM 9'2 X 4'3 OUTSIDE ON ROAD PERMIT PARKING LEASE DETAILS, 995 YEAR LEASE DFROM 1987 WITH APPROX 957 YEARS REMAINING AND PEPPERCORN GROUND RENT. FOR ANY SERVICE CHARGE INFORMATION PLEASE REFER TO THE LEGAL PACK Current Rating D Luton Borough Council We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.