Block of flats for sale

Burgh Road, Skegness PE25

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £540,000
13 Freehold Flats in two blocks situated in a good location close to the town centre and beach with an excellent rental income. These Flats have been well maintained over the years and have been recently upgraded to achieve an EPC Rating of C for all flats. For Sale due to retirement.

EPC rating: C.

Accommodation

Front Block

Ground Floor

Entrance is on the side elevation via a shared hall with radiator, 4 Zone Fire Alarm Control Panel, boiler room housing a Glowworm gas central heating boiler and insulated hot water cylinder (9 Flats), electric fuses.

Flat 5B

Studio room with kitchenette with pvc walk in bay window to the front elevation, radiator. Shower room with shower cubicle, W.C, hand basin, extractor.

Flat 4B

Private entrance with small outdoor sitting area, kitchen with pvc door, pvc window, radiator, open plan to living room with radiator. Bedroom with pvc window and radiator. Shower room with shower cubicle, W.C, hand basin, extractor, radiator.

Flat 6B

Private entrance to hall via a pvc double glazed door. Studio room with kitchenette with pvc front bay, radiator. Shower room with shower cubicle, W.C, hand basin, extractor.

Flat 7B

Private entrance at rear. Kitchen with pvc window, radiator, pvc door, bedroom with radiator, pvc window. Shower room with shower cubicle, W.C, hand basin, extractor. Living room with radiator, pvc window.

Flat 8B

Private entrance at rear. Hall With pvc double glazed door. Living room with pvc double glazed window, radiator. Kitchen with pvc window, radiator. Inner hall. Bedroom with pvc window, radiator, built in wardrobe. Shower room with shower cubicle, W.C, hand basin, extractor, radiator.

Flat 9B

Private entrance at rear. Kitchen with pvc door, radiator, living room with radiator, pvc window. Bedroom with pvc window, radiator. Shower room with shower cubicle, W.C, hand basin, radiator, extractor.

First Floor Landing

With pvc window, radiator, access to roof space.

Flat 1B

Studio room with kitchenette with radiator, 2 pvc windows, single glazed window. Shower room with hand basin, shower cubicle, extractor, radiator.

Flat 2B

Living room with kitchenette with radiator, 2 pvc windows. Bedroom with pvc window, radiator, door to landing. Shower room with shower cubicle, hand basin, W.C, extractor.

Flat 3B

Living room with kitchenette with pvc window to the front elevation, radiator. Bedroom with radiator, pvc window. Shower room with shower cubicle, W.C, hand basin, extractor.

Rear Block

Ground Floor

Boiler Room

With Viessmann gas central heating boiler, insulated hot water cylinder, electric fuses, electric meters on external walls.

Flat 2A

Open porch. Kitchen with pvc door. Studio room with pvc window, radiator. Shower room with shower cubicle, W.C, hand basin, radiator, extractor.

Flat 3A

Open porch. Kitchen with pvc door. Studio room with pvc window, radiator. Shower room with shower cubicle, W.C, hand basin, radiator, extractor.

First Floor

Via external staircases.

Flat 1A

Studio room with radiator, pvc window, pvc door. Shower room with shower cubicle, W.C, hand basin, radiator, extractor. Kitchenette with extractor.

Flat 4A

Studio room with radiator, pvc window, pvc door. Shower room with shower cubicle, W.C, hand basin, radiator, extractor. Kitchenette with extractor.

Outside

Brick wall to the front with Concrete paths and gravelled garden and bin storage areas.

Rear yard with tarmac drive with electric meters and fuses, concrete paths, gravelled parking, bin storage and drying areas.

Tenure & Rent

Freehold and subject to the existing tenancies. The rent includes gas central heating and water. Please see the accompanying sales particulars for the rent schedule.

Services

Mains gas, electricity, water and sewerage services are understood to be connected. The property is served by one water meter, one electric meter and one gas central heating boiler for each block. The flats have their own electric meters (most being the key type). The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.

Viewing

Strictly by appointment with Newton Fallowell. 48 Hours notice being required.

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.........

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.....................

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 up to 6% inc VAT (subject to a minimum which could be up to £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.