3 bed block of flats for sale

Cavendish Road, Skegness PE25

Being sold via Secure Sale online bidding. Terms and Conditions apply. Starting Bid £115,000

Freehold Residential Investment Opportunity. Arranged as 2 self contained flats close to Skegness Town Centre. 1 Bedroom flat to the ground floor (gas central heating) and 2 Bedroom flat to the first & 2nd floor (electric heating). Gross annual income - £13,500. EPC Ratings D & E

EPC rating: D.

Accommodation

Communal Entrance

With stairs to First Floor.

Ground Floor Flat

Lobby

With pvc window to the side elevation, radiator.

Bathroom (2.34m x 1.63m (7'8" x 5'4"))

With panelled bath with triton shower over, W.C, pedestal hand basin, radiator, opaque pvc window to the side elevation, tiled floor.

Kitchen (3.05m x 2.4m (10'0" x 7'10"))

With base and wall units, stainless steel sink unit, plumbing for washing machine, space for cooker, wall mounted gas central heating boiler, radiator, pvc window to the side elevation.

Bedroom (4.15m x 3.03m (13'7" x 9'11"))

With pvc window to the rear elevation

Living Room (4.77m x 3.05m (15'8" x 10'0"))

With pvc bay window to the front elevation, radiator.

First Floor Flat

Hall

With electric heater, stairs to 2nd floor.

Bathroom (3.06m x 2.52m (10'0" x 8'3"))

With panelled bath with Triton shower over, pedestal hand basin, W.C, built in airing cupboard, heated towel radiator, pvc window to the rear elevation.

Kitchen (4.12m x 2.25m (13'6" x 7'5"))

With base and wall units, stainless steel sink unit, space for cooker, pvc window to the rear elevation.

Living Room (4.9m x 3.91m (16'1" x 12'10"))

With pvc window to the front elevation, electric heater.

2nd Floor

Bedroom 1 (4.67m x 3.55m (15'4" x 11'8"))

With pvc window to the front elevation, electric heater.

Bedroom 2 (3.23m x 2.39m (10'7" x 7'10"))

With single glazed skylight window, electric heater.

Outside

To the front is a low brick wall with path to the front door.

An alley to the side leads to the enclosed rear garden.

Tenure & Rents

Freehold and subject to the existing tenancies.

Flat 1 (ground Floor) £500 pcm
Flat 2 (1st & 2nd Floor) £625 pcm (incl £25 water charge)

Prospective purchasers to satisfy themselves on occupancy and rental income at the time an offer to purchase is made.

Services

The property has mains gas, electricity, water and drainage connected. Heating is via a gas central heating boiler served by radiators.

The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.

Viewing

By prior appointment with Newton Fallowell office in Skegness and accompanied by their personnel.

Council Tax

Charging Authority East Lindsey District Council
Band - 2025/26 -

Money Laundering Regulations

We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £66 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.

Agents Notes

Please note these are draft particulars awaiting final approval from the vendor, therefore the contents within may be subject to change and must not be relied upon as an entirely accurate description of the property. Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed and they do not form part of any contract.

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Auctioneers Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction.

Auctioneers Comments Cont.......

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that aml procedure are carried out in accordance with the law. The advertised price is commonly referred to as a †̃Starting Bidâ€tm or †̃Guide Priceâ€tm and is accompanied by a †̃Reserve Priceâ€tm. The †̃Reserve Priceâ€tm is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the †̃Guide Priceâ€tm / †̃Starting Bidâ€tm. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

Auctioneers Comments Cont...............

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyersâ€tm obligations and sellersâ€tm commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.