This exciting development built by GPS Estates, offers 52 brand new contemporary 1 and 2 bedroom leasehold apartments, with 1 bedrooms ranging from 401 sq ft to 601 sq ft and 2 bedrooms from 770 sq ft to 793 sq ft. There are 46 one bedroom and only 6 two bedroom apartments within the development, with a large proportion having access to a service lift. Furthermore, some of the apartments benefit from private balconies/terraces giving these units additional living space and identity. The development will further benefit from having landscaped garden areas to the front and rear aspects. Estimated Completion Winter 2015. There will also be 8 private parking spaces available which can be purchased in a separate transaction – price upon application.
Luton, once the home to a substantial millinery industry, is now a bustling metropolis featuring a large shopping centre and indoor market. Dudley Street is very well placed for the commuters, the train service is available either from Luton mainline station located a short walk away from the development in the town or slightly further afield at Luton Parkway station. Both stations provide prompt access to London St. Pancras with some fast trains reaching their destination in under 30 minutes. The site is also well positioned for the University of Bedfordshire which brings students in from around the country and Europe. A new Arts centre is soon to be unveiled which is in close proximity to the development together with a new £46 million University library with anticipated opening in Summer 2015. Luton has a wealth of leisure activities and amenities available including the David Lloyd Sports centre at nearby Capability Green, Stockwood Park with its golf course and of course is home to “The Hatters” – Luton Town FC. The town also has a craft museum and a museum housing the Mossman Collection of historic vehicles from the 18th, 19th and 20th Centuries. Further afield are the vast outdoor spaces of the National Trust land including Dunstable Downs which is home to Whipsnade Zoo, the London Gliding Club and the Icknield Way Path. The main shopping area in Luton is centred on The Mall which had some construction and re-design work done to it in 2011/2012. This now has a new square which is used for leisure events, as well as numerous new food restaurants and retail outlets. Located inside the main shopping centre is the Market, with a choice of stalls including: butchers, fishmongers, fruit and veg shops, hairdressers, tattoo parlours, ice cream, flower stall and T-shirt printing, as well as eating places.
Distances Town centre 0.2 Miles Walking distance Luton Station 0.2 Miles Walking distance (First Capital Connect/St Pancras International 30 minutes) Luton Airport 2.7 miles Harpenden 6.7 miles St Albans 12.1 miles London 35 Miles M1 (J10) 1.2 miles
Some plots offer gross yields in excess of 6%, monthly rents vary per plot. Estimated rents range from plot to plot.
Guide for anticipated rents
1 Bedroom rents from £600 to £650 PCM
2 Bedroom Rents from £775 to £820 PCM
Plot 18 – A one bedroom first floor apartment with private balcony located to the rear of the development and covering approx. 562 sq ft of living space. With entrance hallway leading to: open plan kitchen/dining/living area and private balcony. Fitted kitchen comprises of white hi-gloss base and wall units with integrated electric oven/hob and extractor; fridge/freezer and stainless steel sink/drainer with chrome mixer tap, work surfaces with upstand. Bathroom with three piece white suite and shower over with 1/2 wall tiling. A service lift is available and an entry phone system is installed for secure access. The outside area to the front and rear aspects is to be landscaped.
Leasehold: 125 Years Ground Rent: £200.00 per annum
Service Charges: 1 Bedroom Apartments: Approx. £500 per annum
2 Bedroom Apartments: Approx. £550 per annum