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Lot 1 Sold: £303,000

Auction: Thursday 28th February 2019

6 Nursery Parade, Marsh Road, Luton, Bedfordshire LU3 2QP

  • Photo1

Lot 1   Click here for addendum

6 Week Completion

Situation

Located in this busy local shopping centre serving the surrounding residential area, opposite Poundstretcher and with Lidl and Iceland close by and amongst such other multiples as Greggs, William Hill, NatWest and a host of local traders.
Luton lies approx. 10 miles west of Stevenage and benefits from good road links via the M1 (Junction 11).

Property

A mid terrace building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat (known as No.16) at first and second floor levels with private parking for 2 cars.

Accommodation

Ground Floor Shop
Gross Frontage 18'6"
Internal Width 16'9"
Shop Depth 39'8"
Built Depth 46'0"
WC
First and Second Floor Flat
4 Rooms, Kitchen, Bathroom/WC

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to Indigo Residential Limited as an Estate Agency (having 4 branches) for a term of 10 years from 15th April 2015 at a current rent of £18,000 per annum exclusive.
Rent Review and Tenant's Break 2020

Note: We understand that the flat is sublet on an AST.

Enquire about this lot:

Photo of John Barnett

John Barnett
020 8492 9449
jbarnett@barnettross.co.uk

Photo of Joshua Platt

Joshua Platt
020 8492 9449
jplatt@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.