We will work within government safety guidelines at all times, hosting tightly controlled open days. This property is vacant which means we should comfortably be able to follow social distancing guidelines and we will work to a maximum of 2 bookings per time slot. Viewers will be asked to stick to their time precisely, and to keep to the 1 metre rule if in the property at the same time as another viewer. Attendees will also be asked to bring no more than 1 other person with them to a viewing where possible. The wearing of face masks are required at this current time so viewers are asked to ensure they bring one with them, our host may have a small supply with them for those that have forgot to bring one. We will endeavour to supply hand sanitiser fluid at entrance and exit.
41 Adelaide Street, Luton, LU1 5BD
Special conditions
Whilst this auction is open to mortgage buyers , please ensure that any finance (eg loans / mortgages) have been agreed prior to bidding as there will be no return of the reservation fee should you withdraw from the sale citing issues around obtaining lending for the purchase. Other terms still apply.
41 Adelaide Street, Luton, LU1 5BD
Overview
*Attention Developers / Investors*
Hammer Price Homes are delighted to present for sale by online auction, a unique opportunity to purchase this commercial property with considerable development potential in Luton Town centre.
The property, which is presented over 3 floors and offers over 2,100 square feet of accommodation, briefly comprises : To the ground floor there is an entrance hallway, reception room, 3 offices / bedrooms, two W.C’s and kitchen. To the first floor there are 5 offices, two W.C’s and a kitchen. The basement, which is accessed via a spiral staircase, provides a further 3 rooms which are currently used for storage.
The property is currently used as a solicitors office however plans have been commissioned by the current owner for converting the building into residential accommodation for 4 flats (not including the basement). The plans, whilst not submitted for planning, can be viewed by potential buyers for inspiration. Please view the current floorplan and the development plans which are available for download from the Hammer Price Homes website.
The sale is offered with 90 days to complete which will give ample time for those looking to obtain finance for the purchase. Please ensure that any finance (eg loans / mortgages) have been agreed prior to bidding as there will be no return of the reservation fee should you withdraw from the sale citing issues around obtaining lending for the purchase. Other terms still apply.
The view this property, please visit the Hammer Price Homes Website, register as a buyer, and book in for a viewing.
Location
Adelaide Street is very well placed in Luton Town centre providing easy access to a host of local amenities and things to do. Luton Train station is just a 10 minutes’ walk from here which provides direct services into London in around 50 minutes.
Special Conditions
Whilst this auction is open to mortgage buyers, please ensure that any finance (eg loans / mortgages) have been agreed prior to bidding as there will be no return of the reservation fee should you withdraw from the sale citing issues around obtaining lending for the purchase. Other terms still apply.
Auction Details
** Open to mortgage buyers also. 90 Days to complete. **
Please note that there is a Reservation fee (2.4% Inc. VAT subject to a minimum of £2,400 Inc. VAT) payable by the buyer on winning the auction. The reservation fee does not constitute part of the sale price, this is the auctioneer’s fee and is to be paid over & above the sale price paid to the Vendor.
To view the property you must register and book on one of the open days as detailed on the website. Please note: Entrance will be refused if you are not on the list so please make sure you book your place using the online system. Open days are being operated on a safe basis with a maximum of 2 bookings per time slot and attendees will asked to respect social distancing guidelines if in the property at the same time as another viewer. The wearing of face masks is required whilst in the property. Lists close 24 hours before the open day starts so book in plenty of time.
Auction ends – Wednesday 4th November 2020 1pm
Bidding Window Opens – Monday 2nd November 2020 (Bidding will not be possible until this time)
Starting price – £235,000 (Reserve price is higher & unpublished, typically the starting price will be 15 – 20% below the Reserve figure as per our Buyer Terms)
Other Information
Tenure – Freehold
How to make an offer
Offers can only be made via the online auction in the form of a bid once the bidding window has opened. No offers will be accepted outside of the auction process.
Once a sale has been agreed (STC) and a price agreed then no further price negotiation will take place. This sale price is fixed and the buyer honoured to pay it. Should the buyer withdraw then they may have to forfeit the reservation fee.
Please read the buyer terms and FAQ’s on the site for more details.
This property Is sold with vacant possession and is sold as seen.
Ground Floor
Comprises of hallway leading to these rooms:
First Floor
Basement
Comprises of these rooms:
Parking:
Adelaide St, Luton LU1 5BD, UK
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