Roman Bank, Skegness, Lincolnshire, PE25 2SW
- SIZE
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- 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
- Investment Opportunity
- Multiple Flats
- Tenure - FREEHOLD
- 3 Flats let currently
Description
Presenting a freehold investment opportunity, this block of four self-contained apartments offers a potential gross income of £20,328 per annum, and comprises a two-bedroom flat alongside three one-bedroom flats. Three units are currently rented with the tenants being in residence for a number of years. The block is situated in a prime location, within easy reach of the town centre, train station and the nearby beach. This manageable investment offers immediate income and future growth potential.
Viewing is recommended to appreciate the potential of this exceptional investment opportunity. The EPC ratings for the building are C and D.
For Sale due to retirement.
Council Tax band: A (each flat)
Tenure: Freehold
EPC Energy Efficiency Ratings: C & D
COMMUNAL ENTRANCE LOBBY With door at the rear (via Grosvenor Road) and providing access to Flats 1, 3 & 4.
FLAT 1 -
Hallway
With intercom entry system.
Living Room / Kitchen 19' 2" x 8' 8" (5.84m x 2.64m) With pvc window to the front elevation, electric night storage heater, base and wall units with worksurfaces, stainless steel sink unit, cooker point.
Bedroom 12' 9" x 9' 11" (3.88m x 3.02m) With pvc window to the front elevation, electric night storage heater.
Bathroom 7' 0" x 5' 11" (2.13m x 1.80m) With panelled bath with shower attachment over, pedestal hand basin, W.C, wall heater.
FLAT 2 -
With pvc entrance door via Grosvenor Road.
Lobby
Living Room / Kitchen 19' 4" x 10' 10" (5.90m x 3.29m) With pvc windows to the front and side elevations, electric night storage heater, base and wall units with worksurfaces, stainless steel sink unit, cooker point.
Bedroom 13' 2" x 10' 6" (4.02m x 3.19m) With pvc window to the side elevation, electric night storage heater.
Bathroom 8' 0" x 6' 6" (2.45m x 1.98m) With panelled bath with Triton electric shower, pedestal hand basin, W.C, built in cupboard housing the hot water cylinder, wall heater.
FLAT 3-
Hallway
With intercom entry system.
Living Room 18' 5" x 11' 7" (5.62m x 3.52m) With 2 pvc windows to the front elevation, further pvc window to the side elevation, electric night storage heater.
Kitchen 11' 0" x 7' 6" (3.35m x 2.28m) With opaque pvc window to the side elevation, base and wall units with worksurfaces over, stainless steel sink unit, cooker point.
Inner Hall
With built in cupboard, further built in cupboard housing the hot water cylinder.
Bedroom 12' 0" x 11' 7" (3.65m x 3.52m) With pvc window to the front elevation with view of St Matthews church.
Bathroom
With shower enclosure with Triton shower, pedestal hand basin, W.C, extractor fan
FLAT 4-
Hallway
With intercom entry system.
Living Room / Kitchen 16' 1" x 14' 6" (4.91m x 4.41m) With pvc window to the side elevation, electric night storage heater, base and wall units with worksurfaces over, sink unit, cooker point.
Bedroom 1 13' 3" x 8' 4" (4.04m x 2.55m) With pvc window to the side elevation, electric night storage heater, door to:-
Bedroom 2 9' 3" x 8' 7" (2.82m x 2.62m) With pvc window to the front elevation, electric night storage heater, built in cupboard.
Bathroom 6' 10" x 5' 2" (2.08m x 1.57m) With bath, pedestal hand basin, W.C, wall heater, pvc window.
OUTSIDE
To the rear of the property is a concreted parking area.
TENURE & RENT
Freehold and subject to the existing tenancies.
Flat 1 (ground floor) - £330.00 pcm (let)
Flat 2 (ground floor) - £575.00 pcm (vacant)
Flat 3 (first floor) - £400.00 pcm (let)
Flat 4 (first floor) - £389.00 pcm (let)
SERVICES
The property has mains electricity, water and drainage connected. Heating is via electric night storage heaters to each flat. The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.
COUNCIL TAX
Charging Authority – East Lindsey District Council
Each flat is subject to Band A - 2026/27 - £1546.45
Description
Presenting a freehold investment opportunity, this block of four self-contained apartments offers a potential gross income of £20,328 per annum, and comprises a two-bedroom flat alongside three one-bedroom flats. Three units are currently rented with the tenants being in residence for a number of years.
Location
Situated in a good location close to the town centre and beach
Tenure
LL171143 - Freehold
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Brochures
Brochure- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
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