Flat
This stylish studio apartment. Residents of Spring Place benefit from its amazing communal areas including a gym, cinema, games room, study areas, outdoor leisure and sports facilities and gardens. This is alongside the necessities such as laundry facilities, Wi-Fi, secure bicycle storage, an onsite accommodation team and 24hr CCTV and security. It's no surprise that Spring Place is such a popular choice amongst students at the University of Bedfordshire.
Spring Place is ideally located only a 5-minute walk away from the University of Bedfordshire and a 22-minute train journey into the centre of London. Spring Place also has Luton town centre right on its doorstep with an abundance of high street shops, bars, restaurants and attractions to visit. Luton has fantastic transport links with its train station which is only a 10-minute walk away and London Luton Airport which is easily accessible via public transport or a 40-minute walk, making it incredibly easy for both UK and overseas students to travel to and from their home towns.
The tenancy will run until 1st August 2024 with a rental income of £6,300 for 42 weeks (paid in three installments of £2,100). Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Leasehold. Subject to tenancy.
£350
242
£2,102
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
