5 Bedroom Terraced  For Sale £200,000

HMO ideal ongoing investment

FIVE individual lettable rooms

Communal kitchen

Communal bathroom

Gas Central Heating

uPVC double glazing

All rooms are currently let

Rear garden

Great location a short walk to the town centre as well as the beach and sea front

Viewings available by appointment only

Council Tax Band A

An excellent investment opportunity, this HMO offers five individual lettable rooms with communal kitchen and bathroom. There is a good sized rear garden which is fully enclosed and an off road area to the front of the property. The property benefits from gas central heating and uPVC double glazing. The property benefits from full occupancy (June 2023) 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 agent understand that the current turnover to be in the region of £24,480 offering a gross yield of 12%. Viewings are available - please allow plenty of notice when requesting your appointment.

Entrance uPVC door to hall with doors off, ceiling light point, radiator.  

 
  
Room One (lounge area) 3.75m x 3.75m (12'4" x 12'4")
uPVC bay window, radiator, ceiling light point, tv point.
  

 
  
Room One (bed area) 3.93m x 3.05m (12'11" x 10'0")
Ceiling light point.
  

 
  
Room Two 3.41m x 2.14m (11'2" x 7'0")
uPVC window, radiator, ceiling light point, tv point.
  

 
  
Room Three 3.09m x 3.50m (10'2" x 11'6")
uPVC window, radiator, ceiling light point, tv point.
  

 
  
Room Four 3.93m x 2.85m (12'11" x 9'4")
uPVC window, radiator, ceiling light point, tv point.
  

 
  
Room Five 3.31m x 2.30m (10'10" x 7'7")
uPVC window, radiator, ceiling light point, tv point.
  

 
  
Communal Kitchen Having single drainer stainless steel sink unit set in work surfaces extending to provide a range of fitted base cupboards and drawers under, space for cooker, fridge/freezer, ceiling light point, uPVC window & door to rear entrance hall.  

 
  
Communal bathroom Having a p shaped bath with shower over, pedestal hand wash basin & close coupled W/C, uPVC window, radiator & ceiling light point.  

 
  
Outside There is a good sized rear garden which is fully enclosed, laid mainly to lawn, with a concrete path and inset trees bushes & shrubs.

The front of the property is laid to concrete and provides the perfect location for the waste bins to be stored.
  

 
  

EPC for Grosvenor Road, Skegness, Lincolnshire, PE25

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Kitchen
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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.

Fees

Refundable Holding depositCapped at 1 weeks rent
Security DepositCapped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
RentThe agreed monthly rent
Changes to tenancyCapped at £50 inc VAT
Early termination chargeNot exceeding the landlord’s financial losses
Late payment of rentInterest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keysReasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etcTenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme Membership detailsThe law requires your membership details
Property Redress Scheme Membership detailsThe law requires your membership details