1-12 Statesman Homes Sea Lane, Ingoldmells, Skegness, Lincolnshire, PE25
- PROPERTY TYPE
Block of Apartments
- SIZE
6,000-8,000 sq ft
557-743 sq m
- TENUREDescribes 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
- Excellent residential investment for sale
- Central village location
- Close to Fantasy Island and all the theme and amusement parks
- 5 flats & 1 house owned and let
- 3 flats and 3 houses held on long leases with annual ground rents
- Gross annual income £33330 pax
- All tenants on AST tenancies
- 1 and 2 bed flats and houses with parking
- Potential for rental increases
Description
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 - £5148 pax Flat 4 - £5148 paxFlat 5 - £5148 paxFlat 8 - £5148 paxFlat 11 - £5148 paxHouse 12 - £7140 paxAnnual Rent £33,330 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
- 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: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
1-12 Statesman Homes Sea Lane, Ingoldmells, Skegness, Lincolnshire, PE25
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Visit our security centre to find out moreDisclaimer - Property reference 10398263. 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 PYGOTT & CRONE COMMERCIAL, Lincoln. 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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