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Wainfleet Road, Skegness, PE25

PROPERTY TYPE

House

BEDROOMS

7

BATHROOMS

5

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 'Ready to go' investment - block of 5 apartments (all currently let -March 2023)
  • Also includes a large garage with adjacent workshop/store - potentially lettable or convertable (subject to relevant planning)
  • TWO 2 bedroom flats (one being a 2 storey maisonette) & THREE 1 bedroom flats
  • Rear courtyard/parking area for several cars
  • Great location - steps from the town centre, shops, pubs, restaurants + Morrisons supermarket
  • Also within a ten minute walk of the beach and sea front
  • Viewings now available - strictly by appointment - please allow at least 48 hours notice for viewing appointments
  • Currently offering approx 10% gross yield

Description

A excellent investment opportunity - this successfully run block of flats offers an investor the chance to buy a ready set up and running block of 5 self contained apartments PLUS it includes a Garage/workshop with further letting potential. Currently offering around a 10% yield . The location is ideal - just a couple of minutes walk from the town centre and 30 seconds from Morrisons. The whole property consists of a main building with three ONE bedroom flats & a very large TWO bedroom maisonette. At the rear there is a large garage + workshop (suitable for various uses) and a TWO bedroom flat above. All apartments have their own electric heating (except the maisonette which has its own gas central heating) and double glazing. There is an area of hardstanding/parking at the rear and an enclosed courtyard frontage. All the flats are occupied (as of 2023) on assured shorthold tenancies and the new owner will retain all rights and responsibilities of the landlord on completion.

Main Building: , With a front porch/lobby and further secure door to:

Main hallway - with emergency lighting, smoke alarm and stairs leading to the first floor landing.

The ground floor hallway provides access to Flat One and the Maisonette

Flat 1 (ground floor): , Entrance Lobby
Lounge/Kitchenette 5.26m x 4.29m (17'3" x 14'1") maximum
Bedroom 3.96m x 4.37m (13' x 14'4") max into recess
Shower Room

Maisonette: , Front/Dining Room 4.60m x 4.44m (15'1" x 14'7")
Lounge 4.44m x 4.09m (14'7" x 13'5")
Kitchen 5.33m x 2.95m (17'6" x 9'8")
Rear entrance lobby
Bathroom 2.92m x 1.83m (9'7" x 6')
Stairs & Landing
Bedroom One 3.43m x 2.97m (11'3" x 9'9")
Bedroom Two 3.66m x 2.16m (12' x 7'1")


Main Stairs & Landing: , providing access to a communal storage cupboard and to Flats 2 and 3

Flat 2 (first floor): , Lounge
Kitchenette
Bedroom
Shower Room

Flat 3 (first floor - front): , Hallway
Kitchen 3.53m x 3.23m (11'7" x 10'7")
Lounge 4.57m x 3.35m (15' x 11')
Bedroom 4.14m x 2.92m (13'7" x 9'7") ext to 14'9
Shower Room 1.40m x 1.75m (4'7" x 5'9") ext to 8'10

Flat 4 (accessed separately from the rear): , Flat 4 is accessed from the rear of the property with its own independent external door:-

Ground floor Lobby/Hallway with stairs leading to the first floor
First floor landing/hallway
Lounge/Diner 4.42m x 4.22m (14'6" x 13'10") maximum
Kitchen 2.31m x 1.90m (7'7" x 6'3")
Bedroom One 4.42m x 2.51m (14'6" x 8'3")
Bedroom Two 2.29m x 2.26m (7'6" x 7'5")
Shower Room




Garage & Workshop: , Positioned at the rear of the building, (underneath Flat 4) with a full sized up and over door and a separate personnel door at the side.
Divided into two large rooms with electric connected to both. Currently used as storage and workshop.
Room One = 6.20m x 4.57m (20'4" x 15')
Room Two = 4.04m x 3.56m (13'3" x 11'8")

EPC's: , Flat 1:-
Flat 2:-
Flat 3:-
Flat 4 (24A):-
Maisonette:-

Council Tax Bands: , Flat 1:- A
Flat 2:- A
Flat 3:- A
Flat 4 (24A):- A
Maisonette:- A

Current Rental Income: , As of Nov 2023 the rental income equates to £29,400

Energy performance certificate - ask agent

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: A

Wainfleet Road, Skegness, PE25

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Skegness Station0.1 miles
  • Havenhouse Station3.3 miles
  • Wainfleet Station4.9 miles
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About the agent

Beam Estate Agents, Skegness

12 Lincoln Road, Skegness, PE25 2RZ

Beam Estate Agents, Skegness

BEAM are estate agents with a difference! Our aim is simply to sell properties at the same time as surprising and delighting sellers and buyers along the way. We love honesty and transparency, in a industry not typically known for those words. Our client feedback is what we use to measure how we are doing ALL the time, and guess what.......our clients really appreciate it.

We love to hear things like:

“Once again…… a FIRST CLASS professional SERVICE delivered. The Beam team are al

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

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Disclaimer - Property reference BEAME2_003008. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Beam Estate Agents, Skegness. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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