Block of flats for sale in Church Road South, Skegness PE25
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- 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
Property description
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. Council tax band: A, Tenure: Freehold
Location
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
Freehold and subject to the existing assured shorthold tenancies (copies held by the managing agents).
Services
The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.
Viewing
By prior appointment with Newton Fallowell office in Skegness, at least 48 hours
notice being required
Accommodation
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
Flat 3
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 5
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 7
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 9
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 11
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Part Gas, part electric heating.
Flat 13
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas water heater and electric radiators.
Block 2
Flat 15
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 17
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 19
Ground Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 21
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 23
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas central heating.
Flat 25
First Floor. Living Room with Kitchen, Bedroom and Bathroom. Gas fire to the living room.
Outside
Communal garden areas
Rental Income
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).
Property info
For more information about this property, please contact
Newton Fallowell, PE25 on +44 1754 473676 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Newton Fallowell, and do not constitute property particulars. Please contact Newton Fallowell for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.