48-52 Reginald Street 34 Clarendon Road

Investment Portfolio For Sale in Luton

Asking Price £3,000,000

Property Information

  • Reference number veco_1809176789
  • Property Type Block of Apartments
  • Floor / Land Area 3461 sqft

Key Feature

  • Block of Apartments

Property description

Venture Commercial are pleased to offer a property investment  portfolio of multi-let residential investments for Sale. These Victorian properties have undergone recent redevelopment to a high specification, featuring a combination of self-contained flats and HMOs. The properties also provide outdoor space and parking provisions for convenience.

The net rents for the properties are as follows: 
- 48-52 Reginald Street: £150,000 per annum (Comprises of  6 flats and 2 Houses with HMO licensing, totalling to 11 bedrooms)

- 34 Clarendon Road: £81,000 per annum (Comprises of 6 flats, 2x1 bed, 2x2 beds, 2x3 beds)

- Total: £231,000 per annum

These properties are available for purchase individually or combined, on a freehold basis. The pricing is as follows:
- 48-52 Reginald Street: £1,800,000
- 34 Clarendon Road: £1,200,000
- H&W Properties Ltd (both assets combined): £3,000,000

- Providing a rental yield of over 7.5%

Purchasing both assets together provides the opportunity to acquire 100% shares in the freehold owning company, resulting in substantial savings on Stamp Duty Land Tax.

Please note that legal costs will be borne by each party individually, and VAT will be applicable at the appropriate rate, if applicable.

For further information or to arrange a viewing, please contact the relevant parties mentioned in the brochure.

Tenure  : Freehold


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