4 bed block of flats for sale

Dorothy Avenue, Skegness, Lincolnshire PE25

An excellent opportunity to acquire a fully let investment property situated within Skegness Town Centre, offering immediate rental income and excellent access to the town's wide range of amenities, transport links and the seafront.

The property has been converted into four self-contained flats, comprising three one-bedroom apartments and one two-bedroom apartment, each let on Assured Shorthold Tenancy agreements, making this an ideal addition to an existing investment portfolio or an excellent opportunity for those looking to expand their rental holdings.

Each flat benefits from its own kitchen and bathroom facilities and is served by gas central heating, providing comfortable accommodation for tenants whilst keeping ongoing maintenance straightforward.

We have been advised by the seller that the property currently generates a gross annual rental income of £25,540. Prospective purchasers are advised to satisfy themselves regarding the tenancy agreements, rental figures and associated documentation.

Located within the heart of Skegness Town Centre, the property enjoys strong demand from tenants thanks to its convenient position within walking distance of shops, supermarkets, transport links and the seafront.

An income-producing investment in a sought-after coastal location, offering an excellent opportunity to acquire a ready-made addition to any property portfolio. Early viewing is highly recommended.

Ground Floor Flat 1

Entrance Hall 1

Lounge 1

3.76m x 4.14m - 12'4” x 13'7”

Kitchen

Bedroom 1

2.35m x 3.56m - 7'9” x 11'8”

En-Suite 1

2.47m x 1.73m - 8'1” x 5'8”

Ground Floor Flat 4

Entrance Hall 4

Lounge 4

3.83m x 3.65m - 12'7” x 11'12”

Kitchen 4

3.48m x 1.48m - 11'5” x 4'10”

Bathroom 4

2.42m x 1.73m - 7'11” x 5'8”

First Floor Landing

Bedroom

3.6m x 3.65m - 11'10” x 11'12”

Bedroom

2.68m x 2.64m - 8'10” x 8'8”

First Floor Flat 2

Lounge/Dining Room 2

3.84m x 3.28m - 12'7” x 10'9”

Kitchen

1.63m x 2.09m - 5'4” x 6'10”

Shower Room 2

Second Floor Flat 3

Kitchen/Dining Room 3

2.73m x 3.57m - 8'11” x 11'9”

Lounge 3

4.23m x 2.69m - 13'11” x 8'10”

Bedroom 3

3.2m x 2.68m - 10'6” x 8'10”

Bathroom 3

2m x 1.8m - 6'7” x 5'11”