Sold STC - Cavendish Road, Skegness, PE25 - £184,500
5 Bedrooms
4 Bathrooms
4 Receptions
A excellent investment opportunity - this block of flats offers an investor the chance to buy a ready set up and running block of 4 self contained apartments with large rear garden. The location is ideal - just a few minutes walk from the town centre and the sea front. The whole property consists of a large two bedroom ground floor apartment with its own entrance, two one bedroom flats on the first floor and a bedsit on the top floor.
Outside there is a small front courtyard and side path/walkway (possible space for parking a small car) with access to a large rear garden.
Flats One and Two have gas central heating with independently controllable electric heaters in flats Three and Four. All benefit from double glazing. All current fire, gas and electric regulations are up to date (as of August 2023).
The flats are individually metered with water being chargeable within the individual rents.
Flats 2 & 3 are currently occupied with tenancy agreements, flats 1 & 4 are currently empty but tenants can be found if required. The new owner will retain all rights and responsibilities of the landlord on completion. Income with all flats occupied is in the region of £18,000-£19,000.
| Front Entrance Lobby | ||||
| Main Entrance Hall | With fire alarm system & stairs off + access/connecting door to Flat 1 | |||
| Flat One | Entered from the main hallway or from the rear via a separate/private entrance into the Lobby/Utility | |||
| Entrance Lobby/Utility | 2.90m x 1.23m (9'6" x 4'0") Having space and plumbing for washing machine, close coupled WC, coving to ceiling and connecting door to kitchen. | |||
| Kitchen | 3.18m x 1.82m (10'5" x 5'12") Having a sink unit with base cupboards under, further base cupboards with worktops over, space for cooker, ceiling light point and door to sitting room | |||
| Shower Room | With a shower cubicle and electric shower and wall mounted hand basin. | |||
| Sitting Room | 3.29m max into recess x 3.16m (10'10" max into recess x 10'4") Having a recessed fireplace, radiator and smoke alarm door to inner hallway | |||
| Inner Hallway | With large walk-in storage cupboard with shelving and Ariston gas central heating combination boiler. | |||
| Bedroom (Two) | 3.65m x 3.41m (11'12" x 11'2") With a radiator and light. | |||
| Lounge/Bedroom One | 4.49m x 3.91m (14'9" x 12'10") With a feature fireplace, radiator and bay window. | |||
| First floor landing | With access to flats two and three and staircase leading up to flat four. | |||
| Flat Two | ||||
| Entrance Lobby | With laminate floor, coat hooks and ceiling light point. Access to toilet, bedroom and kitchen. | |||
| Kitchen | 2.54m x 3.80m (8'4" x 12'6") Having a sink unit and cupboards, fitted worktops with base cupboards under, laminate flooring, space for fridge and space for cooker. Wall mounted gas central heating boiler. Access door to a shower cubicle which is tiled with an electric shower therein. Open plan access through to lounge. | |||
| Lounge | 2.86m x 2.54m (9'5" x 8'4") Having a radiator and ceiling light point. | |||
| Bedroom | 3.42m x 2.38m (11'3" x 7'10") Having a radiator and ceiling light point. | |||
| Cloakroom/WC | With pedestal wash basin and low-level WC. | |||
| Flat Three | ||||
| Hallway | With entrance door to the flat and access to the bedroom and lounge/kitchen | |||
| Bedroom | 2.25m x 1.90m (7'5" x 6'3") With an electric heater and connecting door to shower room. | |||
| Shower Room | 2.25m x 0.91m (7'5" x 2'12") Being tiled with a shower cubicle and electric shower therein, pedestal wash basin, low-level WC and ceiling light point. | |||
| Lounge/Kitchen | 3.18m x 3.26m (10'5" x 10'8") Having a sink unit, work surfaces with base cupboards under and wall mounted storage cupboards over, space for fridge, electric heater and ceiling light point. | |||
| Stairs from the main landing | Lead to the second floor and flat four | |||
| Flat Four | ||||
| Lounge/Bed-Sitting Room | 4.99m x 2.66m (16'4" x 8'9") With electric heater and light. Connecting door to kitchen | |||
| Kitchen | 2.61m x 2.27m (8'7" x 7'5") Having a sink unit and work surfaces with wall cupboards and connecting door onto the second floor landing. Door to shower room. | |||
| Shower Room | Having a shower cubicle, wash hand basin and low-level WC, ceiling light. | |||
| Outside | ||||
| Front | The frontage to the property is a low maintenance courtyard area with path leading to the front door and a wide side access leading down the side of the property to provide access to the rear garden and the rear entrance to flat one. | |||
| Rear | The rear garden larger than may be expected and are mainly laid to grass with shrub border. It may be possible to extend or develop the garden area subject to all relevant planning permissions and building regulations as required. Prospective purchasers are advised to make their own enquiries with East Lindsey District Council planning department for further advice. | |||
| Additional Notes:- | Each flat is individually council tax rated as BAND A There are 4 separate EPC's Flat 1 = D Flat 2 = C Flat 3 = D Flat 4 = to follow shortly | |||
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.
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Stamp Duty for Cavendish Road, Skegness, PE25
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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.