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South Parade, Skegness, PE25

£400,000
Added on 18/10/2021
Beam Estate Agents, Skegness
PROPERTY TYPE
House
BEDROOMS
×8
BATHROOMS
×6

Key features

  • Imposing three storey sea front building offering 6 self contained flats
  • All flats currently let (Oct 2021) on assured shorthold tenancies
  • Offering a gross yield in the region of 7- 8% with further potential
  • All flats accessed from one main reception hall, staircase & landing
  • Gas central heating to 5 flats (electric heating to 6th)
  • Numerous improvements and upgrades carried out over the years to ensure all current regs are met
  • Very useful rear courtyard/parking area accessed from rear service road
  • Viewings available - sufficient notice must be given to arrange appointments

Property description

Tenure: Freehold

A 'ready to go' investment opportunity - currently divided into SIX self contained flats. All flats are accessed from a very tidy & well maintained communal hallway (with flat 2 having its own additional rear access). Flats 2 & 4 are two bedroom with the others being 1 bedroom. All flats vary a little in size but are all fully self contained and have fitted kitchens, lounges & bath/shower rooms. The flats at the front of the buillding have spectacular views over the foreshore and beach, out to sea. Flats 2 to 6 all have full gas central heating (with electric heating to flat 1). The majority of the windows and doors are uPVC double glazed. There is a very useful rear yard/parking area for several cars + a shed/store. The building has been family owned for many years and is well maintained throughout. The agents understand all health and safety, gas and fire safety certifcates are up to date with a fire alarm system through the building. The wiring was upgraded approx 10 years ago and various improvements and upgrades have been carried out over time including to the roof.

Main Front Entrance Lobby: Having a uPVC double glaze entrance door with further door leading to:-

Main reception Hallway: With access to flat One and two and staircase leading to the first floor. Within the reception hall are a range of useful lockable storage cupboards.


Flat One (Ground Floor): Lounge Diner 18' into bay x 12' 8" into recess
With ornamental fireplace and gas fire, electric night stoage heater, bay window with views over the former bowling green and foreshore.

Kitchen 11' 8" x 5' 9"
Having a sink unit with base cupboards and drawers under, space and plumbing for washing machine, electric night storage heater and space for cooker.

Inner Hall

Bedroom 11' 9" x 9' 7"
Having electric night storage heater and ceiling light point.

Bathroom 13' 6" Maximum x 7' 4"
Having a bath, walk in shower, wash basin and close coupled WC, wall mounted gas water heater.

Flat Two (Ground Floor): (With access doors from the main hall and also with own private rear access door from the carpark).

Kitchen 11' 2" x 6' 10"
Having a sink unit and work surface with base cupboards and drawers under with space and plumbing for washing machine, wall mounted storage cupboards over, radiator, space for fridge freezer.

Lounge 18' 7" max into bay x 13' 9" max
With radiator.

Inner Hallway
Wall mounted 'Ideal' gas central heating combination boiler.

Bedroom One 11' 8" x 10' 3"
With built in cupboards/wardrobes and radiator.

Bedroom Two 9' 2" x 8' 6"
With radiator.

Bathroom 9' 1" x 8' 6"
Having bath with electric shower over, pedestal wash basin, close coupled WC.


Flat Three (First Floor): Lounge 13' 10" x 15' 5" max
With radiator and doors to balcony offering views over the foreshore and out to sea.

Kitchen 9' 4" x 5' 8" widening to 7' 1"
Having sink unit with base cupboards and drawers under and wall mounted storage cupboards over, space and plumbing for washing machine, space for cooker.

Hallway
With radiator.

Bedroom (Front) 12' 6" x 14' 0" maximum
With radiator and views of the sea front.

Bathroom 9' 9" x 5' 2"
Having a bath, sink and WC, radiator andd cupboard housing 'Ideal' gas central heating boiler.


Flat Four (First Floor): Hallway
Having wall mounted electric heater, radiator, coat hooks.
Kitchen/Lounge 14' 7" into recess x 10' 9"
Hving sink unit with cupboards above and below, radiator.
Bedroom One 12' 9" x 8' 2"
With radiator

Bedroom Two 10' 3" x 8' 1"
With radiator.

Bathroom
Panelled bath set in tiled splash surround and pedestal wash basin, cupboard housing 'Worcester' gas central heating combination boiler.

Seperate WC
Having high level WC.


Flat Five (Second Floor): Hallway

Lounge 15' 4" x 12' 0"
With radiator.

Kitchen 10' 5" x 7' 8"
Having a sink unit with range of base cupboards and wall cupboards, space for cooker, space and plumbing for washing machine and space for fridge/freezer.

Bedroom 12' 10" x 9' 4"
With radiator and 'Viseman' gas cetral heating combination boiler.

Bathroom 8' 9" x 5' 8"
Having panelled bath, pedestal washing basin, low level WC and built in storage cupboard.


Flat Six (Second Floor): Hallway

Kitchen 9' 6" x 8' 0"
Having sink unit with work surfaces and base cupboards and drawers under with wall mounted storage cpboards over, space and plumbing for washing machine, space for cooker, radiator.

Lounge/Diner 15' 1" Maximum x 11' 10" Maximum
With gas fire and radiator.

Bedroom 12' 9" x 8' 1"
With radiator

Bathroom 6' 5" x 6' 0"
With panelled bath set in tiled splash surround, hand basin with cupboards under, radiator and cupboard housing 'Worcester' gas central heating combination boiler.

Seperate WC
With WC.

Outside

Rear: The rear of the property is approached over a service road which provides vehicular access to a good sized yard which offers parking for several cars together with a brick built store.

Notes: Each flat has its own independent, up to date energy performance certificate (EPC)

Energy Performance Certificates

South Parade, Skegness, PE25

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Skegness Station0.5 miles
  • Havenhouse Station3.4 miles
  • Wainfleet Station5.1 miles
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About the agent

Beam Estate Agents, Skegness

12 Lincoln Road, Skegness, PE25 2RZ

"And now for something completely different!!"

Are you of an age when you can remember those famous words from Monty Pythons Flying Circus …."And Now For Something Completely Different!!!!" That’s what the team behind Beam, are aiming for. To surprise and delight both sellers and buyers at every opportunity. Give us a call or pop into the office. We'll put the kettle on, and go from there.......

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Disclaimer - Property reference BEAME_002806. 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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