1-12 Statesman Homes Sea Lane, Ingoldmells, Skegness, Lincolnshire, PE25

Statesman Homes comprises a modern development of two blocks of purpose built houses and flats on 2 separate Deeds. The car park is to the rear of the properties. Each block has 2 houses and 4 flats. 100% of the freehold interest is for sale with six long leaseholds and six shortholds.

Location

The property is in the centre of the village. The village is a popular east coast seaside resort 3 miles north of the larger seaside town of Skegness. The area has a large holiday community with large caravan holiday parks. The property is located to all local amenities.

Located in the most rapidly developing holiday and trading areas on the Lincolnshire Coast, the property is close to Fantasy Island which is a half a mile away and has an extensive range of licensed, entertainment and leisure venues in close proximity with one of the highest density of caravans and sites in the county surrounding. Extensive footfall is enjoyed past the property. The properties are close to a chemist, post office, Tesco, Heron Foods and Poundland. There is a nearby school. 

ACCOMMODATION

WEST BLOCK1 - HOUSE2 Beds & 2 Car Spaces2 - FLAT GF1 Bed & 1 Car Spaces3 - FLAT FF1 Bed & 1 Car Space4 - FLAT FF1 Bed & 1 Car Space5 - FLAT GF1 Bed & 1 Car Space6 - HOUSE2 Beds & 2 Car SpacesEAST BLOCK7 - HOUSE2 Beds & 2 Car Spaces8 - FLAT GF1 Bed & 1 Car Space9 - FLAT FF1 Bed & 1 Car Space10 - FLAT GF1 Bed & 1 Car Space11 - FLAT FF1 Bed & 1 Car Space12 - HOUSE2 Beds & 2 Car Spaces

PLANNING

The properties have established C3 residential use

SERVICES

All mains services of water, drainage and electricity are connected. Gas is connected in 1 and 7.

TENURE

Flats & House ,1,3,6,7,9,10 have been sold on long ground leases as follows:1 - 99 years from 19903 - 99 years from 19906 - 99 years from 19907 - 99 years from 19969 - 99 years from 199010 - 189 years from 1990Current ground rents £450. p.aLease dates vary slightlyFrom 1990 £50.00 until 31/12/2005From 01/01/2006 £75.00 until 31/12/2026From 01/01/2027 £100.00 until 31/12/2047From 01/01/2048 £200.00Rents from the flats presently let as follows:Flat 2 - £4680 pax Flat 4 - £4680 paxFlat 5 - £4680 paxFlat 8 - £4680 paxFlat 11 - £4680 paxHouse 12 - £6492 paxAnnual Rent £29,892 paxThe rents are well below market rents and there is rental growth opportunities.FREEHOLD REVERSIONSOn units 1, 3, 6, 7, 9 and 10 as applicable.

RATES

Each property has a council tax band of A which the occupiers are responsible for.

Energy Performance Certificate

All the properties have an EPC Rating of C apart from 12 which is D

LEGAL COSTS

Each party are responsible for their own legal costs

VAT

The price is exclusive of VAT if applicable

LOCAL AUTHORITY

East Lindsey District Council The HubMareham RoadHorncastle LincolnshireLN9 6PHTel

VIEWINGS

Contact Pygott & Crone Commercial 36a Silver streetLincoln LN2 1EWTel