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Grosvenor Road, Skegness, PE25

Added on 23/04/2021
Beam Estate Agents, Skegness

Key features

  • A large three storey licensed HMO
  • NINE individual bedsits
  • Two kitchens, two shower rooms & communal lounge
  • Gas central heating & majority double glazing
  • Parking spaces at rear
  • Fully occupied at the time of visit + waiting list of tenants
  • Potentially high yield
  • Viewings available - by advance appointment

Property description

Tenure: Freehold

An excellent investment opportunity. This three storey licensed HMO offers NINE individually let'able' bedsits together with a communal living room, two kitchens and two bath/shower rooms. There is a courtyard at the rear and two parking spaces (accessed from the service road). The property benefits from gas central heating & majority double glazing. The property benefits from full occupancy most of the time, with a waiting list of potential new tenants. The agents are advised that the property meets all the currently required regulations although prospective buyers should make their own enquiries to ensure it meets their needs. The current owner advises us that the gross yield is currently in excess of 15% pa. Although viewings are possible, due to the nature of the building, in order to respect the occupants please allow plenty of notice when requesting your appointment.

Entrance Porch

Communal Hallway: Stairs lead to the first floor. Access to bedsits three & four + lounge & kitchen to a rear entrance hallway and Bedsit One A & Bedsit Two A.

Bedsit One A (at rear): 12'4" x 6'3" (3.76m x 1.91m), radiator, smoke alarm, ceiling light point.

Bedsit Two A (at rear): 10'6" x 8'9" (3.20m x 2.67m), sink unit, radiator, light

Shower Room: 8'7" x 4'1" (2.62m x 1.24m), Shower cubicle with electric shower therein, wash basin, low level wc, light.

Communal Kitchen: 11'3" x 8'6" (3.43m x 2.59m), With three sink units & drainers, range of base and storage cupboards (individually labelled), space for cooker and fridge, tiled walls and floor, light. Access doors to communal lounge and rear hallway

Communal Sitting Room: 11'4" x 9'4" (3.45m x 2.84m), with storage cupboard, gascentral heating boiler and light.

Bedsit Three (middle): 12'10" x 11'0" (3.91m x 3.35m), radiator, decorative tiled fireplace, sink unit, light.

Bedsit Four (front): 14'0" into recess x 15'6" into bay (4.27m x 4.72m), radiator, decorative tiled fireplace, sink unit, light.

Stairs & first floor landing

Separate WC: with low level wc, hand basin, extractor fan & light.

Bathroom: 8'0" x 7'10" (2.44m x 2.39m), With panelled bath, hand basin, low level wc, built in airing/storage cupboard, radiator, light.

Bedsit Five: 11'3" x 8'8" (3.43m x 2.64m), sink unit, radiator, light

Bedsit Six: 12'6" x 12'1" max into recess (3.81m x 3.68m), built in cupboard, radiator, light

Bedsit Seven: 12'7" x 11'1" into recess (3.84m x 3.38m), sink unit, radiator, light

Communal Kitchen: 9'0" x 7'1" (2.74m x 2.16m), With sink unit, worksurfaces & storage/base cupboards under, wall mounted storage cupboards, radiator, light.

Stairs & second floor landing

Bedsit Eight: 12'2" x 9'4" (3.71m x 2.84m), sink unit, radiator & light

Bedsit Nine: 18'6" max x 8'8" ext to 12'10 (5.64m x 2.64m), sink unit, radiator & light


Rear: To the rear of the property is a small communal courtyard, with a gate leading to two parking spaces accessed from the service road at the rear.

Agents Notes: The property is a current licensed HMO with a three year licence commencing July 2019 although it has been used and licensed as such for a number of years and as such, providing all regulations are met, it is expected to be able to continue its usage in the future.

The current licence held with East Lindsey District Council states:
3 floors
Max No of households - 9
No of rooms providing living accommodation - 9
No of shared kitchens - 2
No of shared bath/shower rooms - 2
Max No of people - 10

Licence ref HS/02466/19

Energy Performance Certificates

Grosvenor Road, Skegness, PE25


Distances are straight line measurements from the centre of the postcode
  • Skegness Station0.4 miles
  • Havenhouse Station3.5 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_002629. The information displayed about this property comprises a property advertisement. 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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