11 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- EXCELLENT RESIDENTIAL INVESTMENT
- FREEHOLD BLOCK OF 9 SELF CONTAINED APARTMENTS (7 one bedroom, 2 two bedroom)
- PRIME EDGE OF TOWN CENTRE LOCATION
- ALL WITH OWN ELECTRIC & WATER METERS, 7 WITH GAS CENTRAL HEATING
- ALL SEPARATE KITCHENS & BATHROOMS
- SMALL GARDENS
- EPC RATINGS C, D & E
FOR SALE BY AUCTION - 9TH MAY 2024. An opportunity to purchase a FREEHOLD RESIDENTIAL INVESTMENT of a FREEHOLD BLOCK OF 9 SELF CONTAINED APARTMENTS comprising 7 x 1 Bedroom Flats and 2 x 2 Bedroom Flats in a prime edge of town centre location. All Flats have their own electric and water meters. Five on Assured Shorthold Tenancies and four vacant with a potential gross income of £48,000. For sale due to retirement. EPC Ratings C, D & E
EPC rating: C. 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.
The property is located at the corner of Wainfleet Road and Robin Hood Road, adjacent to Morrisons supermarket and petrol filling station, to the west of the town centre close to shops, schools, parks and the beach. It is considered a good location for residential investment.
TENURE Not provided
Freehold and subject to the existing assured shorthold tenancies (copies held by the managing agents).
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.
Not all parts of the property were inspected by the agent but we are advised that the standard is broadly good tenantable condition. Of traditional construction under a pitched slate roof. Majority pvc double glazing and fascias and 7 with gas central heating.
SERVICES Not provided
Mains gas, electricity, water and sewerage services are understood to be connected. All with their own electric meters, water meter and have their own gas central heating systems and meters. 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
FLOOR PLANS & INTERNAL PHOTOS Not provided
Schematic floor plans with room sizes and internal photos (March 2022) available on request.
ACCOMMODATION Not provided
FLAT 1 Not provided
(Ground Floor) gas central heating
FLAT 2 Not provided
(Ground Floor) gas central heating
FLAT 3 Not provided
(Ground Floor) gas central heating
FLAT 4 Not provided
(Mid Floor) gas central heating
FLAT 5 Not provided
(Mid Floor) gas central heating
FLAT 6 Not provided
(Mid Floor) gas central heating
FLAT 7 Not provided
(Top 2 Floors) electric heaters
FLAT 8 Not provided
(Top 2 Floors) gas central heating
FLAT 9 Not provided
(Mid Floor) electric heaters
OUTSIDE Not provided
Gardens to the 2 road frontages. To the side is Robin Hood Road
AUCTION TERMS Not provided
Important notice - Pre-registration approval to bid, guide prices, reserves, additional charges and other matters
PRE-REGISTRATION APPROVAL TO BID Not provided
Allsop now require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to pre-register.
Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made).
GUIDE PRICES Not provided
1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
4. All guide prices are quoted "subject to contract".
GUIDE PRICES Cont..... Not provided
5. Please note the guide price for the Lot does not include:
- any Buyers' Fee charged by the auctioneers;
- VAT on the sale price;
- SDLT or any other Government taxes;
- additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
6. If a guide price is listed as "TBA", it means no guide price has been set at present. Please do not call our office about this - the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.
RESERVE PRICES Not provided
7. The reserve price is the minimum price at which the Lot can be sold.
8. Whilst every effort is made to ensure that the advertised guide prices are up-to-date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.
BUYERS FEES, SELLERS FEES & ADDITIONAL CHARGES Not provided
9. For each Lot, a Buyers' Fee is payable on the fall of the hammer to Allsop LLP as follows:
Residential Auctions - Lots sold for £10,000 or more: Buyers' Fee of £1,500 inclusive of VAT
- Lots sold for less than £10,000: Buyers' Fee of £300 inclusive of VAT
Commercial Auctions
- All Lots: Buyers Fee £1,000 excluding VAT
10. Additional charges and fees might be charged by the seller and/or other third parties . You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.
11. VAT may be chargeable in addition to the sale price for the Lot. The Lot Particulars and/or the Special Conditions of Sale will indicate whether VAT applies.
OTHER MATTERS Not provided
12. Please note that Lots may be sold or withdrawn at any time prior to auction.
13. Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer's Fee may each be varied from the standard amounts quoted. Please refer to the addendum, the Particulars and/or the conditions of sale.
14. Street Trader plans are reproduced with the consent of Edozo Ltd or Experian Goad Ltd. These include mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty's Stationery Office. © Crown Copyright. All rights reserved. Licence number PU 100017316. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty's Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020
OTHER MATTERS Cont..... Not provided
15. The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing. The Auctioneers do not warrant or represent that any plans or photographs show the up to date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.
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Property reference P1110. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Newton Fallowell - Skegness.
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Broadband availability and predicted speed: obtained from Ofcom on March 23, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 23, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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