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A unique opportunity to acquire the freehold for 27 residential flats on Biscot Road, Luton, along with just over half an acre of land at the rear, offering significant development potential in a highdemand area.
Key Details:
Freehold Ownership: Includes 27 residential flats
Lease Opportunities: Approximately 20 of the leases have less than 65 years remaining, presenting a lucrative opportunity for lease extensions
Land Size: Just over half an acre at the rear of the premises, ideal for potential development
Location: Established residential area in Luton, Bedfordshire
Within 1 mile of Luton Mainline Railway
Convenient access to M1 Motorway, Junction 10, only 1 mile away
Price: £250,000
Investment Potential:
This freehold acquisition presents a dual opportunity: generate income through lease extensions and capitalize on the development potential of the rear land. The location offers high rental demand with strong prospects for both rental and capital growth.
Location Overview:
Luton is a vibrant, fast-growing market town with a substantial rental market. Key employment sectors include retail, healthcare, and social work, with over a quarter of the population renting privately. The area is well-connected, just a 30-minute train journey to London St. Pancras International and easily accessible via M1 junctions 10 and 11.
For more information on this exceptional investment and development opportunity, please contact us.
Full details for 1 Bedroom Land For Sale in Luton
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Description
FOR SALE: FREEHOLD WITH DEVELOPMENT POTENTIAL ON BISCOT ROAD, LUTONA unique opportunity to acquire the freehold for 27 residential flats on Biscot Road, Luton, along with just over half an acre of land at the rear, offering significant development potential in a highdemand area.
Key Details:
Freehold Ownership: Includes 27 residential flats
Lease Opportunities: Approximately 20 of the leases have less than 65 years remaining, presenting a lucrative opportunity for lease extensions
Land Size: Just over half an acre at the rear of the premises, ideal for potential development
Location: Established residential area in Luton, Bedfordshire
Within 1 mile of Luton Mainline Railway
Convenient access to M1 Motorway, Junction 10, only 1 mile away
Price: £250,000
Investment Potential:
This freehold acquisition presents a dual opportunity: generate income through lease extensions and capitalize on the development potential of the rear land. The location offers high rental demand with strong prospects for both rental and capital growth.
Location Overview:
Luton is a vibrant, fast-growing market town with a substantial rental market. Key employment sectors include retail, healthcare, and social work, with over a quarter of the population renting privately. The area is well-connected, just a 30-minute train journey to London St. Pancras International and easily accessible via M1 junctions 10 and 11.
For more information on this exceptional investment and development opportunity, please contact us.
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