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34 Glentworth Crescent, Skegness

Key features

  • 2 x 2 Beds, 3 x 1 beds and 1 x Studio Flat
  • Fully let with longstanding tenants providing gross income of £44,128 per annum
  • 12.6% gross investment yield on asking price
  • Garage and off-road parking spaces
  • Situated closely to town centre

Description

A freehold investment opportunity to acquire a purpose built block of 6 self contained apartments with garage, parking and gardens in the vibrant seaside town of Skegness on the east coast of Lincolnshire.

- 2 x 2 Beds, 3 x 1 beds and 1 x Studio Flat
- Fully let with longstanding tenants
- Providing a day 1 return on investment
- Currently let for a gross income of £44,128pa
- 12.6% gross investment yield on asking price
- Good central Skegness neighbourhood location
- Closely situated to the town centre, main seafront and blue flag beach
- Garage and off-road parking spaces

Location - The property is situated in a well-regarded location on Glentworth Crescent within the vibrant coastal resort town of Skegness with its blue flag beach and traditional seaside attractions.

Set approx. 0.2 miles from the main seafront and beaches and approx. 0.3 miles from the town centre.

Skegness railway station is situated approximately 0.6 miles to the southwest. From Skegness there are direct services to Wainfleet (9 mins) - on to Boston, Grantham - and Nottingham (2 hours 6 mins).

By road, Skegness is located approximately 42 miles east of Lincoln, 55 miles northeast of Peterborough, 72 miles southeast of Kingston upon Hull, 79 miles east of Nottingham and 84 miles northeast of Leicester.

The Appartments - Set over 3 floors the self contained apartments consist of:

Ground floor with 1 x 1 bed apartment, 1 x 2 bed apartment and 1 bed studio

First floor with 2 x 1 bed apartments

Second floor with 1 x 2 bed apartment

Outside - There is an enclosed garden to the rear ( currently let with one of the apartments) a parking area and garage (currently also let separately to the apartments).

Services - Mains services of water, electricity, gas and drainage are connected. Heating is provided by a communal system over which the landlord has control and which is included within the rents.

Tenancies - Each apartment is let under the terms of an Assured Periodic Tenancy with detail of the passing rents available for interest parties (please contact the agent).

Epcs - Apartments 1,2 & 3 have ratings of D. Apartments 4 & 5 have ratings of C. Apartment 6 has a rating of E.

Brochures

34 Glentworth Crescent, Skegness
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: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
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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34 Glentworth Crescent, Skegness

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Affordability

Monthly repayments£1,760
Property: £ 350,000
Deposit: £ 35,000
Interest rate: 5.35%
Term: 30 years
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About Robert Bell & Company, Horncastle

Old BankChambers, Bull Ring, Horncastle, LN9 5HY
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Robert Bell & Company has been one of the most prominent property consultancies in Lincolnshire for over two hundred years and as a practice of Chartered Surveyors we offer an outstanding range of professional property services. As the county agent we reach from the Humber in the north down into the Fens in the south, and from the River Trent in the west out to the wide sandy beaches of the East Coast.

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Disclaimer - Property reference 35028924. 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 Robert Bell & Company, Horncastle. 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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