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Description

Key Features

  • EPC Rating D
  • Ideal investment opportunity
  • Block of ten flats
  • Excellent rental yield
  • Subject to an undisclosed reserve price
  • For sale by auction
  • T & C's apply
  • Close to the town centre
  • Viewing strictly by appointment
MODERN METHOD OF AUCTION. An ideal investment opportunity located close to the centre of the town. A purpose built block of one bedroom apartments each benefiting from double glazing. For sale by Modern Method of Auction: Starting Bid Price £550,000 plus Reservation Fee. Excellent investment opportunity: Set within a popular location close to the town within easy walking distance of all good local amenities. This property is for sale by The Midlands Property Auction powered by iam-sold.

FLAT 5 LAYOUT

Lounge – 13’10 max x 10’11 max (4.22m max x 3.33m)
Having UPVC patio door to the balcony, t.v. aerial point, electric heater, coving to ceiling and smoke alarm.

Bedroom – 9’02 x 7’09 (2.79m x 2.36m)
Having UPVC double glazed window unit to the front elevation, electric heater and coving to ceiling.

Shower Room –
Having access to roof space, extractor, coving to ceiling, electric fan heater, part tiled walls, dual flush w.c., pedestal wash hand basin, shower cubicle with electric shower and UPVC double glazed obscured glass window unit to the side elevation.

Kitchen – 5’03 x 7’ (1.6m x 2.13m)
Having UPVC double glazed window unit to the side elevation, base cupboards, wall mounted cupboards and drawers, worktops and splashback, space for fridge freezer, inset electric hob and and oven with extractor, stainless steel sink unit and plumbing for automatic washing machine.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% to a minimum of £6,000.00 including VAT 4.2% of the final agreed sale price including VAT. This is subject to a minimum payment of £6,000.00 including VAT. which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Midlands Property Auction powered by IAM Sold. Reservation Fee is in addition to the final negotiated selling price.TO VIEW OR MAKE A BID – Contact The Nottingham or visit: http://www.themidlandspropertyauction.co.uk/

https://www.iamsold.co.uk –

As an Estate Agency we are required to prevent Money Laundering and other financial Crime. This means that we have to carry out checks when dealing with customers buying or selling properties. We carry out these checks to help protect our business and our customers from becoming the victims of Financial Crime. This means you will be required to provide your financial information and proof of identity to Harrison Murray/The Nottingham Ltd aswell as Iam-sold Auction Service.


This property is being sold by a Corporate client and therefore we have been unable to carry out our standard property enquiries.

General Information
http://www.epcregister.com - please refer to the EPC register for EPC's for all flats. The EPC rating is for Flat 5.

Situation
Skegness is a seaside town and civil parish in the East Lindsey district of Lincolnshire, on the Lincolnshire coast of the North Sea, 43 miles east of Lincoln with an approximate population of 19.579 (2011 Census). Skegness is well served by bus and rail services and the local primary and grammar schools have excellent reputations. Main routes are A52 & A46 and A158 to Boston. Other benefits include doctors and dental surgeries, Tesco Superstore, Morrison’s, Lidl, Aldi, M&S Food, B&M, local swimming pool and of course Butlin’s.

Directions
For directions to this property please use postcode PE25 2DS in satellite navigation and gps devices.
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Whole of market mortgage advice is provided by Nottingham Mortgage Services (NMS) Ltd; an appointed representative of Quilter Mortgage Planning Ltd, which is authorised and regulated by the Financial Conduct Authority; registered No. 440718. NMS is a wholly owned subsidiary of Nottingham Building Society and registered in England and Wales, No. 03089887; Nottingham House, 3 Fulforth Street, Nottingham NG1 3DL.

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Branch address:

11 Lumley Road
Skegness
Lincolnshire
PE25 3LL

01754 767 424

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