Commercial property for sale

Tenure: Freehold

EXCELLENT RESIDENTIAL INVESTMENT OPPORTUNITY

• 17 FREEHOLD RESIDENTIAL FLATS
• PRIME SEAFRONT LOCATION
• SELF CONTAINED
• RENTAL INCOME ALMOST £70,000 PER ANNUM (gross)

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 markers 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.

South Parade runs southwards from the Clock Tower and the property has fine views of the promenade and foreshore amenities and the sea.

TENURE
Freehold and subject to the existing tenancies. The agents are verbally advised that the flats are occupied under Assured Shorthold Tenancies except for No.19 which is a protected tenancy. The agents have not inspected the tenancy agreements and prospective purchasers should satisfy themselves regarding occupancy and rental income at the time an offer to purchase is made.

SERVICES
Mains electricity, water and sewerage services are understood to be connected. Flats 18 and 3 have electric central heating systems. All the flats have their own water and electric bills. 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 Turner Evans Stevens office in Skegness, 48 hours notice being required.

SEE BROCHURE BELOW FOR RENTS SCHEDULE

MEASUREMENTS: Measurements are approximate with the metric conversion shown in brackets, taken wall to wall unless otherwise stated.

DISCLAIMER: Notice is hereby given that these particulars are set for the guidance of proposed purchasers, and although due care is taken in their preparation and they are believed to be correct, proposed purchasers must not rely on them as statements of fact and must satisfy themselves by inspection or otherwise as to their correctness. These particulars are issued on the understanding that all negotiations are carried through the Agents Turner Evans Stevens but they do not constitute an offer or contract. Any price quoted in these particulars is subject to contract.

No person employed by Turner Evans Stevens Limited has any authority to make or give any representation or warranty whatsoever in relation to this property.