12 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- FREEHOLD RESIDENTIAL INVESTMENT OPPORTUNITY
- 12 ONE BEDROOM SELF CONTAINED APARTMENTS
- LET ON AST'S
- GROSS POTENTIAL RENTAL INCOME £57,432 P/A
- CONVENIENT EDGE OF TOWN CENTRE LOCATION
- PVC DOUBLE GLAZING, MAJORITY GAS CENTRAL HEATING
- COMMUNAL GARDEN AREAS
- ON STREET PARKING
- EPC RATINGS C & D
A freehold residential investment opportunity of 12 one bedroom apartments, in two blocks all let on Assured Shorthold Tenancies. Gross potential income £57,432 (From January 2024). All with pvc double glazing and majority gas central heating, communal garden areas. Convenient edge of town centre location. For sale due to Retirement. EPC Ratings C & D.
EPC rating: D. Tenure: Freehold,Rooms
LOCATION Not provided
Skegness is the principal Lincolnshire coastal resort with a population of around 18,000 persons increasing substantially in the summer months with the influx of holiday makers and day visitors. It is some 40 miles east and south of Lincoln and Grimsby respectively with main communication links via the A52 and A158 roads to the south and Midlands. Skegness is well served by bus and rail services and the local primary and Grammar Schools have excellent reputations.
Church Road South lies to the west of the town centre with good access to shops, schools, parks and the beach.
TENURE Not provided
Freehold and subject to the existing assured shorthold tenancies (copies held by the managing agents).
SERVICES Not provided
The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.
VIEWING Not provided
By prior appointment with Newton Fallowell office in Skegness, at least 48 hours
notice being required
ACCOMMODATION Not provided
Please note the property has not been inspected by the agent but we are advised that the standard is broadly good tenantable condition. Of traditional construction under a pitched
roof which was added in 2005/06.
BLOCK 1 Not provided
FLAT 3 Not provided
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 5 Not provided
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 7 Not provided
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 9 Not provided
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 11 Not provided
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Part Gas, part electric heating.
FLAT 13 Not provided
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas water heater and electric radiators.
BLOCK 2 Not provided
FLAT 15 Not provided
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 17 Not provided
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 19 Not provided
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 21 Not provided
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 23 Not provided
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
FLAT 25 Not provided
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas fire to the living room.
OUTSIDE Not provided
Communal garden areas
RENTAL INCOME Not provided
Prospective purchasers should satisfy themselves regards the current rental income and occupancy status at the time an offer to purchase is made.
We are advised that rent reviews will apply in mid January 2024 on some of the flats).
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Broadband availability and predicted speed
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Energy Performance data and Internal floor area
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