Park Avenue, Skegness, PE25

For Sale - Freehold - £550,000


7 Bedrooms, 5 Receptions, 5 Bathrooms, Detached, Freehold

A large, superbly positioned versatile property offering an excellent investment opportunity. It consists of a main block containing THREE 1 bedroom apartments + a 3 bedroom MAISONETTE and a separate adjacent DETACHED COTTAGE with its own courtyard. Each flat/apartment is independent and has its own heating & services and all are double glazed. Outside there are low maintenance, stone chipped gardens/parking as well as a block paved driveway/off road parking for the cottage. The property has overall been improved, upgraded and very well maintained throughout - meeting all current regulations. All the properties are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday let/AirBnB (subject to relevant planning) . The location is ideal - a few steps from the sea front & beach as well as North Shore golf course & hotel, with the town centre, shops, amenities and amusements only around 25 mins walk away. The current gross yield equates to approx 6%.

cottage at side front front side
Detached Cottage/Bungalow Consists of:
Double Bedroom
Outside, private courtyard & driveway
Gas central heating & uPVC double glazing

Main Building Consists of:-
2 ground floor apartments - with
Bath/shower room

1 First Floor apartment - with
Bath/shower room

1 spacious maisonette arranged over the first & second floor :- with
& 1 Bedroom all on the first floor with
2 further bedrooms on the second floor

All apartments have electric heating & double glazing

Outside The property is surrounded by low maintenance slate chipped gardens with space for off road parking. There is also a block paved driveway/off road parking in front of the cottage.  

Branch Address
12 Lincoln Road<br>Skegness<br>Lincolnshire<br>PE25 2RZ
A: Beam Estate Agents
T: 01754 629305
Reference: BEAME2_003279
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.