7 Bedroom Detached  For Sale £550,000

Prime location - this prestigious property offers an excellent investment opportunity

Main building = a THREE bedroom MAISONETTE and THREE x 1 bedroom APARTMENTS

Separate DETACHED cottage style BUNGALOW with its own block paved driveway

Electric heating to the main building - gas central heating to the cottage. Double glazing throughout

Low maintenance surrounding gardens + parking

The buildings have been maintained to a high standard inside and out & meet all current guidelines and regulations

Great location - a few steps from the sea front & beach as well as North Shore golf course

Also within walking distance of the town centre, shops, restaurants and many other amenities

A 'ready to go' investment with no chain to worry about

Viewings now available - by appointment only

EPC Rating C

Freehold

A large, superbly positioned versatile property offering an excellent investment opportunity. It consists of a main block containing THREE 1 bedroom apartments + a 3 bedroom MAISONETTE and a separate adjacent DETACHED COTTAGE with its own courtyard. Each flat/apartment is independent and has its own heating & services and all are double glazed. Outside there are low maintenance, stone chipped gardens/parking as well as a block paved driveway/off road parking for the cottage. The property has overall been improved, upgraded and very well maintained throughout - meeting all current regulations. All the properties are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday let/AirBnB (subject to relevant planning) . The location is ideal - a few steps from the sea front & beach as well as North Shore golf course & hotel, with the town centre, shops, amenities and amusements only around 25 mins walk away. The current gross yield equates to approx 6%.

Detached Cottage/Bungalow Consists of:
Lounge/Kitchen
Double Bedroom
Bathroom
Outside, private courtyard & driveway
Gas central heating & uPVC double glazing
  

 
  
Main Building Consists of:-
2 ground floor apartments - with
Kitchen/Lounge
Bedroom
Bath/shower room

1 First Floor apartment - with
Kitchen
Lounge
Bedroom
Bath/shower room

1 spacious maisonette arranged over the first & second floor :- with
Kitchen/Dining/Lounge
Cloakroom/wc
& 1 Bedroom all on the first floor with
2 further bedrooms on the second floor

All apartments have electric heating & double glazing
  

 
  
Outside The property is surrounded by low maintenance slate chipped gardens with space for off road parking. There is also a block paved driveway/off road parking in front of the cottage.  

 
  

EPC for Park Avenue, Skegness, Lincolnshire, PE25

Energy
blank Current Potential

Location

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cottage at side
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front
side

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Fees

Refundable Holding depositCapped at 1 weeks rent
Security DepositCapped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
RentThe agreed monthly rent
Changes to tenancyCapped at £50 inc VAT
Early termination chargeNot exceeding the landlord’s financial losses
Late payment of rentInterest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keysReasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etcTenants own responsibility unless otherwise stated in contract
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