Grosvenor Road, Skegness, PE25

Sold STC - Freehold - £259,950

front

7 Bedrooms, 1 Reception, 2 Bathrooms, End Of Terrace, Freehold

An excellent investment opportunity. This three storey HMO offers SEVEN individually let'able' bedsits together with a communal living room, two modern fitted kitchens (ground & first floor) and two modern shower rooms. There is a secure courtyard at the rear offering off road parking (accessed from the service road). The property underwent major refurbishment and upgrades approx 6 years ago and has been maintained to a very high standard since. Benefits include gas central heating (central combi boiler) uPVC double glazing, a fully compliant fire alarm system & an internal cctv system. The property benefits from full occupancy (Nov 22) and would be sold as such as an ongoing investment. The agents are advised that the property meets all the currently required regulations, making it a 'ready to go' investment. Prospective buyers should make their own enquiries to ensure it meets their needs The agents understand the current turnover to be in the region of £34,000 offering a gross yield in the region of 12% - 13%. Viewings are available - please allow plenty of notice when requesting your appointment.


lounge area kitchen ground floor bedroom shower room 1 kitchen first floor shower room 2 outside courtyard
Entrance Lobby   
Hallway   
Room One 4.65m x 3.43m (15'3" x 11'3")
With a radiator and light.
  

 
  
Room Two 4.14m x 2.84m (13'7" x 9'4")
With a radiator and light.
  

 
  
Communal Sitting/living Room 3.30m x 2.95m (10'10" x 9'8")
With a radiator and light.
  

 
  
Communal Kitchen (ground floor) Having a single drainer sink unit set in worksurfaces extending to provide a range of modern fitted base cupboards and drawers under , with integrated electric oven, 4 ring electric ceramic hob and canopy extractor hood above. uPVC side/rear entrance door & connecting door to Store room.  

 
  
Store Room 2.29m x 1.50m (7'6" x 4'11")
With shelving and light. This room houses the CCTV controls and TV aerial boosters.
  

 
  
Stairs & First Floor Landing Split level landing with lighting & smoke alarms.  

 
  
Room Three 4.17m x 3.40m (13'8" x 11'2")
With a radiator and light.
  

 
  
Room Four 3.73m x 3.35m (12'3" x 11')
With a radiator and light.
  

 
  
Room Five With a radiator and light.  

 
  
Communal Kitchen (first floor) 3.35m x 2.39m (11' x 7'10")
Having a single drainer sink unit set in work surfaces extending to provide a range of modern fitted base cupboards and drawers under , with integrated electric oven, four ring electric ceramic hob and canopy extractor hood above.
  

 
  
Shower Room One Being tiled and having a shower cubicle with Triton electric shower therein, pedestal wash basin with toiletry cupboards under, close coupled wc, heated towel rail, tiled floor, access to roof space and ceiling light point.  

 
  
Shower Room Two 2.26m x 2.08m (7'5" x 6'10")
Being tiled and having a double sized shower cubicle with Triton electric shower therein, pedestal wash basin with toiletry cupboards under, close coupled wc, heated towel rail, tiled floor and ceiling light point.
  

 
  
Stairs & second floor landing With radiator, lighting and smoke alarm  

 
  
Room Six 3.35m x 3.20m (11' x 10'6") ext to 12'10 max
With a radiator and light.
  

 
  
Room Seven 4.39m x 3.76m (14'5" x 12'4")
With a radiator and light.
  

 
  
Outside   
Front The frontage to the property is laid as a small low maintenance courtyard area.  

 
  
Rear The rear of the property is laid to stone chip for ease of maintenance and offers off road parking with a security gate (accessed from a service road at the rear.

Brick built open fronted Store/Shelter
  

 
  
Buyers Notes:- The sellers inform the agent of the following schedule of improvements that were carried out since 2017:-

A new roof
New windows
New fascias and gutterings
A complete electrical rewire
New fire alarm system and fire doors
New plumbing and boiler (still under guarantee)
New shower suites
New kitchens
Replastered
Fully redecorated and re-carpeted

Prospective buyers are advised to carry out their own checks and verifications to satisfy themselves of these matters prior to completion.
  

 
  
Branch Address
12 Lincoln Road<br>Skegness<br>Lincolnshire<br>PE25 2RZ
Contact
A: Beam Estate Agents
T: 01754 629305
E: info@beamestateagents.co.uk
Reference: BEAME2_002690
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.