Block of Apartments
The house and two flats are finished but the other three flats require finishing works throughout and are at first fix level.
The units all have their own electricity and water supplies and are all self-contained. They have wired in smoke alarms, sound proofing, insulation, UPVC double glazing and will have electric heating with water filled radiators. An easy project to finish for a developer with two boxed kitchen and bathrooms being include in the sale.
The unit will require completion certificates once finished.
Situated in a popular and convenient location, only a couple of minutes walk to Skegness town centre and the beach.
Once renovated to properties could be sold on separately with an estimated value circa £300,000. The cost would be between £30-£50,000 to complete the conversion.
They would make great rental investments with an estimated rental total income of around £27,000 per annum. If the property was a holiday let the income could possibly be in excess of £27,000 per annum.
The auctioneers are informed that the original planning permission was granted for 5 units in total. 4 flats in the main house and a rear attached one bedroom house.
The owner has had drawings done to convert the main house to 5 apartments along with the house to the rear. He has been informed verbally that this should not cause a problem with planning and this is how the property is currently being arranged. Planning permission will need to be sought for the extra flat by the purchaser if it were to be finished as 6 units.
All enquiries should be made to Skegness Town Council.
Lounge / Kitchen
Bedroom
Shower Room
Lounge / Kitchen
Bedroom
Shower Room
Lounge / Kitchen
Bedroom
Shower Room
Lounge / Kitchen
Bedroom
Shower Room
Lounge / Kitchen
Bedroom
Shower Room
Lounge
Kitchen
Bedroom
Shower Room
Freehold. Vacant possession upon completion.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
.jpg){kind=logo}