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%.

Detached Cottage/Bungalow		Consists of: Lounge/Kitchen Double Bedroom Bathroom Outside, private courtyard & driveway Gas central heating & uPVC double glazing

Main Building		Consists of:- 2 ground floor apartments - with Kitchen/Lounge Bedroom Bath/shower room 1 First Floor apartment - with Kitchen Lounge Bedroom Bath/shower room 1 spacious maisonette arranged over the first & second floor :- with Kitchen/Dining/Lounge Cloakroom/wc & 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

Contact
A: Beam Estate Agents
T: 01754 629305
E: info@beamestateagents.co.uk

Reference: BEAME2_003279

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.