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HUGE BLOCK OF 17 RESIDENTIAL FLATS GOOD CONDITION FULLY TENANTED

Skegness, Lincolnshire
Freehold Price:
£575,000
Status
FOR SALE
Advert ID
239533

The accommodation is over three floors and comprises 17 residential units. The internal accommodation measures approximately 790 m² / 8,500 ft². Please note the agent was unable to inspect the residential units individually; therefore we have relied on the measurements provided within the Energy Performance Certificates. The property occupies a site of circa 0.061 hectares (0.15 acres) in total.

17 self contained flats - with a year average income of £70,000 if fully tenanted.

3 x two bedroom flats / 10 x one bedroom flats & four x one bedroom bedsits.

Flats are in okay condition - would require investment in some places.

Building is 80% Double glazed PVC. Heating is in the form of electrical panels combined with electric central heating.

Any questions feel free to contact me.

 

 

Listing Details
Freehold Price: £575,000
Tenure: Freehold
Location: Skegness, Lincolnshire
Sector: Investment Properties, Residential And Retirement, Commercial Properties
Key Features
  • Ideal for Full Refurbishment
  • Price Further Reduced
  • Prime Location
  • Potential for Alternative Use
  • High Turnover
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