Land for sale

Limbury Road, Luton LU3

For sale by auction on

Wednesday 25th June 2025 at 12:00 pm

Auction Venue: Delta Marriott Hotel Timbold Drive, Milton Keynes, Buckinghamshire MK7 6HL

This is an in-room auction which will also be live-streamed with availability for internet, telephone and proxy bidding.

The freehold of four apartments, a barn/workshop and land to the rear of the apartments.

Description
The barn/workshop is located to the rear of the apartments with access to the side of the building from Limbury Road. The building is in need of refurbishment, and the total floor area is approximately 58.5 square metres (630 square feet). There is an area to the front of the unit providing parking and turning area, which is just beyond the allocated parking spaces for the leasehold apartments (as per title documents in the legal pack). The total income from the ground rents for the apartments is £700 per annum.

Lease Information:
50A: 99 years from 27th August 2020 (94 years remaining).
50B: 99 years from 23rd March 1989 (62 years remaining).
50C: 99 years from 4th October 2017 (91 years remaining).
50D: 99 years from 23rd March 1989 (62 years remaining).

Ground Rent:
50A: £250 per annum.
50B: £150 per annum.
50C: £50 per annum.
50D: £250 per annum.
N/A


VAT
VAT is not applicable

Viewings
You are welcome to view in daylight hours, at your convenience.

Buyers Premium
There is no Buyer's Premium payable on this lot.

Administration Charge
Purchasers will be required to pay an administration fee of £1,500 incl. VAT