Property description
5 SELF CONTAINED FLATS plus 2 FURTHER FLATS with a shared bathroom. CAR PARKING for at least 4 vehicles. Situated close to the TOWN CENTRE. Good INVESTMENT income. Cavity wall insulation. Upvc double glazing. HMO LICENSE just been approved. Room for further development if required.
Situation:
Proceed left out of Willsons office along Algitha Road, and then left again into Lumley Avenue. Proceed round the roundabout and turn right, towards the sea and No.48 is to be found on the right hand side before the turning into Rutland Road. At the rear of the property there is a private service road which gives vehicular and pedestrian access which runs from Lumley Avenue to Rutland Road. This is an un-made up, unadopted road.
General Information:
The property is Freehold subject to assured shorhold tenancies. Local authority: East Lindsey District Council, Tedder Hall, Manby Park, Louth, Lincs, LN11 8UP. Tel: 01507 601111.
Viewing Arrangements:
Viewing is strictly by arrangement with the Skegness Office, 16 Algitha Road, Skegness, Lincs PE25 2AG. Tel: (01754) 896100. Fax: 01754 760750. E-mail: skegness@willsons-property.co.uk. View our properties on www.willsons-property.co.uk or www.rightmove.co.uk
Accommodation:
Lower Ground Floor
Access is gained down a side path with some steps at the side of the property to:
Flat 1 (at rear)
with a Georgian style half glazed side door which opens into the:
Entrance Hall
Kitchen - 10' 1'' x 9' 7'' (3.07m x 2.92m)
With stainless steel sink with range of base units under, plumbing for washing machine, gas cooker point, matching wall cupboards, wall mounted gas fired water heater, double glazed window.
Bedroom - 13' 1'' x 12' 3'' (3.99m x 3.73m)
With double glazed window, TV and telephone points.
Bathroom - 5' 11'' x 5' 6'' (1.8m x 1.68m)
With bath, wash hand basin and wc, extractor fan.
Lounge - 12' 9'' x 10' 8'' (3.89m x 3.25m)
With double glazed window, TV point.
Also with access from the side path is:
Flat 2
(not inspected) with half glazed side door which opens into the:
Entrance Hall
with
Understairs WC
with wash hand basin.
Shower Room
complete with shower and wash hand basin.
Bed/Sitting Room - 14' 9'' x 12' 7'' (4.5m x 3.84m)
measured into the double glazed bay window, with access to an enclosed front sunken garden area.
Kitchenette
off with single drainer stainless steel sink with base and wall cupboards, under sink water heater, built-in oven.
Access to Flat 3 can either be reached by the external metal staircase from the rear, or by the stairs at the front through a hlf-glazed front door into the:
Ground Floor
Common Entrance Hall
Flat 3
L-shaped hall with half glazed Upvc double glazed rear door which opens into the external staircase.
Lounge - 13' x 12' 4'' (3.96m x 3.76m)
With double glazed window, gas fire point and TV point.
Bedroom - 10' 8'' x 12' 8'' (3.27m x 3.86m)
With wall mounted gas fired convector heater and double glazed window.
Kitchen - 10' 5'' x 9' 8'' (3.18m x 2.95m)
With single drainer stainless steel sink unit with range of base and wall units. Point for gas cooker, double glazed window, plumbing for washing machine.
Separate WC
with wall mounted gas fired heater, double glazed window.
Bathroom
with bath and wash hand basin.
Flatlet 4
with inner hall leading to:
Living Kitchen - 15' 2'' x 8' 5'' (4.62m x 2.57m)
measured into the double glazed bay window. With single drainer stainless steel sink, range of base and wall units, TV point, wall mounted water heater, archway to:
Bedroom Area - 8' 11'' x 4' 4'' (2.72m x 1.32m)
First Floor
Flat 5
Hall
L-shaped.
Bedroom - 9' 5'' x 9' 4'' (2.87m x 2.84m)
With electric convector heater, double glazed window.
Bathroom
complete with bath, wash hand basin and wc, double glazed window and part tiled walls, electric convector heater, extractor fan.
Lounge - 12' 2'' x 12' 7'' (3.71m x 3.84m)
With double glazed window, mock feature fireplace, TV point, textured ceiling, fitted gas fired heater.
Kitchen - 12' 8'' x 7' 4'' (3.86m x 2.24m)
With single drainer stainless steel sink, range of base and wall units. Plumbing for washing machine, gas cooker point, wall mounted gas fired water heater, textured ceiling, extractor fan, upright pantry cupboard.
Communal Landing
with
Bathroom & Separate WC
off with wall mounted hot water heater and single glazed window. (Solely for the use of Flats 4 & 6).
Flatlet 6
with inner hall.
Living Kitchen - 15' 4'' x 8' 6'' (4.67m x 2.59m)
With stainless steel sink with range of base and wall units, wall mounted water heater, TV point, coving to ceiling, archway to:
Bed Area - 8' 10'' x 4' 3'' (2.69m x 1.3m)
Stairs off the first floor landing lead up to the:
Second Floor
Flat 7
with landing area with access hatch to loft and fitted coat hooks.
Lounge - 13' x 13' 2'' (3.96m x 4.01m)
With two double glazed windows, sloping ceiling, TV point, fitted gas fire.
Kitchen - 7' 4'' x 5' 11'' (2.24m x 1.8m)
With single drainer stainless stee sink with fitted worksurface, range of base and wall units, double glazed window, gas cooker point, wall mounted water heater, plumbing for washing machine.
Bedroom - 12' 6'' x 7' 1'' (3.81m x 2.16m)
with a return of
- 6' x 4' 11'' (1.83m x 1.5m)
Double glazed window and velux rooflight, sloping ceiling, electric convector heater.
Bathroom
complete with bath, basin and wc, part tiled walls, Dimplex convector heater, double glazed window.
Exterior:
At the rear of the property there is a good sized car parking area for at least 4 vehicles if required, with access off the private service road. Gravelled side garden and path with steps leading up to the concreted front garden, with a sunken area which gives light to the lower ground floor flat. Wall to frontage and hand gate to Scarborough Avenue. A flight of steps leads up to the front door on the front elevation. At the rear of the property there is an outside security light and an enclosed rear garden/sitting out area.
Flat 1, 3, 5 & 7 all let at £85 per week on assured shorthold tenancy agreements. Flat 4 & 6 are all let on assured shorthold tenancy agreements at £55 per week. Flat 2 at £65 per week. Gross income £26,780 or approxiamtely 12% return on the purchase price. HMO License approved 2013.
Property Features :
- 5 Self contained flats
- Plus 2 further flats with shared bathroom
- Car parking for at least 4 vehicles
- Situated close to town centre
- Good investment income
Property Info: