14 bedroom commercial property for sale

Tenure: Freehold

• 14 FREEHOLD RESIDENTIAL FLATS
• Half with Seaviews
• Freehold and Self Contained
• Excellent residential location south of town centre with wonderful seaviews from the front with large grounds stretching to the sanddunes with beach access.
• Majority pvc double glazing
• 6 x 2 bedroom and 8 x 1 bedrooms
• Car Park and 4 Garages (with potential for conversion)
• Excellent Residential Investment Opportunity
• Rental Income - £68,500 per annum

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. The property lies at the quiet end of town by beautiful golden beaches close to the secluded Gibraltar point Nature Reserve and a few minutes walk away is the superb Seacroft Championship Golf Links. From Turner Evans Stevens office in Skegness follow Roman Bank southwards and turn left into Lumley Road, the main shopping street, then approximately 50 yards before the Clock Tower turn right into Drummond Road. The property lies on the left hand side up a long private drive.

TENURE Freehold and subject to the existing tenancies. The agents are obtaining copies of the Assured Shorthold agreements.

VIEWING By prior appointment with Turner Evans Stevens office in Skegness.

SERVICES It is understood that the property is served by one water meter (each flat is understood to have its own sub meter) There are 2 gas meters with gas central heating to Flats 1, 1a and 2 on the ground floor. The rest have electric storage heating. There is one electric meter for Flat 1 and 1a with Flats 2-13 having electric card/key meters. It is understood that the sewer in Merriemeade Drive also serves the other three properties on the drive.

RENTAL INCOME Prospective purchasers to satisfy themselves regarding rental income and occupancy at the time a sale is agreed.

FLAT - Beds - Rent per 4 week- Rent £ per annum

FLAT Beds Rent per 4 week Rent £ per annum
1a 1 440 5720 ) including gas,
1 1 440 5720 ) water & electric
2 2 400 5200 )
3 2 372 4836 )
4 1 400 5200 )
5 1 360 4680 )
6 2 380 4940 ) plus one 14th
7 1 300 3900 ) of water bill
8 1 340 4420 )
9 2 372 4836 )
10 2 380 4940 )
11 2 372 4836 )
12 1 360 4680 )
13 1 360 4680 )
GROSS POTENTIAL INCOME £68,588

PLANNING It is understood that discussions are taking place regarding a planning application to convert the four garages into 2 further flats like numbers 12 & 13 and for change of use of No.2 from a Dental Studio to a large 2 Bedroom Flat.

ACCOMMODATION

MAIN HALL Porch with letterboxes, Fire alarm control panel.

FLAT 1A Private Entrance, 1 Bedroom (not inspected by the agents).

FLAT 1 Hall, Lounge, Conservatory, Bedroom, Bathroom, Shower, W.C, Dining Kitchen.

FLAT 2 Private Entrance, arranged as Utility, Hall, Bedroom, W.C, Shower Room, Dining Kitchen, Living Room with french doors, Bedroom.

1ST FLOOR LANDING

FLAT 3 Hall, Bedroom, Lounge, Bathroom, Kitchen, Bedroom.

FLAT 4 Hall, Bedroom, Balcony, Lounge, Store, Kitchen, Bathroom.

FLAT 5 Hall, Bedroom, Lounge, Kitchen, Bathroom.

2ND FLOOR LANDING

FLAT 6 Hall, Kitchen, Bedroom, Bathroom, Lounge, Bedroom.

FLAT 7 Hall, Lounge, Bedroom, W.C, Kitchen, Bathroom.

FLAT 8 Hall, Bedroom, Bathroom, Lounge, Kitchen, W.C.

SECOND BLOCK

FLAT 9 Hall, Kitchen, Lounge, Bedroom, Bathroom, Bedroom.

FLAT 10 Hall, Kitchen, Lounge, Bedroom, Bathroom, Bedroom

FLAT 11 Hall, Kitchen, Lounge, Bedroom, Bathroom, Bedroom

FLAT 12 Living Room and Kitchenette, Store, Inner Hall, Bedroom, Bathroom.

FLAT 13 Living Room and Kitchenette, Store, Inner Hall, Bedroom, Bathroom.

OUTSIDE merriemeade has a private tarmac drive leading off Drummond Road (also giving access to the three other residences). This leads upto the very presentable tarmac and block paved car park, bin area, exterior lighting, 4 Garages, Laundry Room, Store. To the front is a long lawned garden leading to the sandunes.

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.