16 Algitha Road
Skegness
PE25 2AG
88 Drummond Road, Skegness, Lincs
£385,000
5 Bedroom Commercial
- Block of 5 Residential Flats
- Freehold subject to existing shorthold tenancies
- Low maintenance front & rear gardens and garage
- Majority Upvc double glazing
- Independent gas central heating to each flat
- EPC Ratings: C & D
- Gross Rent Approx. £25320 per annum
A Freehold block of 5 residential Flats situated close to the seafront in this popular resort town. The Flats are self-contained, each having independent gas central heating and majority Upvc double glazing. The ground floor comprises a 3 bedroom Flat, the first floor comprises 2 x 1 bedroom Flats and the second floor has a 2 bedroom and a 1 bedroom Flat. All have EPC ratings of C and D. The property has a total gross rental income of £25,320 per annum.
Accommodation
Entrance Hall
With Upvc double glazed entrance door and window, electricity meters for all flats, single glazed window to side, stairs to first floor.
Flat 1 - Ground Floor (3 Bedrooms)
A single glazed entrance door with side screen open into:
Entrance Hall
With radiator, recessed cupboard.
Lounge
4.9m x 3m (16'0" x 9'10")Having a single glazed window to front, radiator.
Bedroom 1
4.86m x 2.45m (15'11" x 8'0")Having a single glazed window to front, radiator.
Bedroom 2
4.9m x 3.26m (16'0" x 10'8")Having a single glazed window, radiator.
Bedroom 3
3.36m x 2.15m (11'0" x 7'0")Having a single glazed window, radiator.
Dining Room
4.22m / 2.85m x 3.67m (13'10" / 9'4" x 12'0")Having 2 Upvc double glazed windows, Upvc double glazed exterior door, radiator.
Kitchen
3.3m x 2.01m (10'9" x 6'7")Equipped with wall and base units with worksurfaces, single drainer sink, electric cooker point, space and plumbing for washing machine, gas fired central heating boiler, radiator, Upvc double glazed window.
Separate WC
Having wc and single glazed window.
Bathroom
3.00m x 1.25m (9'10" x 4'1")With bath, wash hand basin, radiator, extractor fan, 2 single glazed windows.
First Floor Landing
With 2 Upvc double glazed windows.
Flat 2 - First Floor (1 Bedroom)
Lounge
4.07m x 3.96m (13'4" x 12'11")Having a tiled fireplace, TV point, Upvc double glazed window, door to:
Bedroom
4.88m x 3.02m (16'0" x 9'10")Upvc double glazed window, radiator.
Kitchen
3.02m x 1.51m (9'10" x 4'11")Upvc double glazed window, kitchen units with stainless steel single drainer sink, gas central heating boiler, radiator, extractor fan.
Shower Room
2.1m x 1.01m (6'10" x 3'3")Equipped with an electric shower, radiator, wc, wash hand basin, extractor fan.
Flat 3 - First Floor (1 Bedroom)
Entrance Hall
With Upvc double glazed window, radiator.
Shower Room
Equipped with shower cubicle with electric shower, wc, wash hand basin, radiator, extractor fan..
Bedroom
3m x 3.02m / 2.12m (9'10" x 9'10" / 6'11")Upvc double glazed window, radiator.
Kitchen
3.17m x 2.08m (10'4" x 6'9")Having wall and base units with worksurfaces incorporating stainless steel single drainer sink, splash-back tiling, ceramic hob with extractor hood over, gas fired central heating boiler, Upvc double glazed window, radiator.
Lounge Diner
6.67m x 2.85m (21'10" x 9'4" )(incorporating original bedroom 2) Having 2 Upvc double glazed windows, 2 radiators, TV point.
Bathroom
2.04m x 2.67m / 1.87m (6'8" x 8'9" / 6'1")Equipped with bath, wc, radiator, Upvc double glazed window, extractor fan.
Separate WC
With high-flush wc, Upvc double glazed window.
Second Floor Landing
Flat 4 - Second Floor (1 Bedroom)
Entrance Hall
3.8m x 1.16m (12'5" x 3'9")
Shower Room
1.48m x 1.3m (4'10" x 4'3")Comprising shower cubicle with electric shower, radiator, Upvc double glazed window.
Bedroom
4.78m x 3.06m / 2.76m (15'8" x 10'0" / 9'0")Upvc double glazed window, radiator, storage cupboard.
Kitchen
3m x 2.71m (9'10" x 8'10")Having wall and base units with worksurface, stainless steel single drainer sink, gas fired central heating boiler, electric cooker, Upvc double glazed window.
Lounge
3.97m x 3.88m (13'0" x 12'8")Upvc double glazed window, radiator, fireplace, TV point..
Flat 5 - Second Floor (2 Bedrooms)
Entrance Hall
With Upvc double glazed window, radiator.
Lounge
3.16m x 2.89m (10'4" x 9'5")Upvc double glazed window, radiator.
Bedroom 1
3.24m x 2.88m (10'7" x 9'5")Upvc double glazed window, radiator.
Bedroom 2
2.95m x 2.92m (9'8" x 9'6")Upvc double glazed window, radiator.
Kitchen
3.17m x 2.07m (10'4" x 6'9")With wall and base units, worksurface, stainless steel single drainer sink, 4 ring electric hob with electric oven below, Upvc double glazed window, radiator, gas fired central heating boiler.
Bathroom
2.94m x 2.08m / 1.07m (9'7" x 6'9" / 3'6")Equipped with bath with electric shower over, wash handbasin, airing cupboard, Upvc double glazed window, radiator.
Separate WC
With wc and Upvc double glazed window.
Exterior
To the front the property has a low maintenance garden with tree, a side path leads to the rear of the property which is also low maintenance and has a brick store and a single sectional garage which gains access off the service road to the rear of the property.
Tenure & Possession
The property is Freehold with vacant possession upon completion subject to the existing Assured Shorthold Tenancies for each individual flat.
Services
We understand that mains gas, electricity, water and drainage are connected to the property.
Local Authority
East Lindsey District Council, Tedder Hall, Manby Park, Louth, Lincs, LN11 8UP. Tel: 01507 601111.
Viewing
Viewing is strictly by appointment with the Skegness office at the address shown below.
Energy Performance Certificates
Flat 1 - Valid until March 2026, current energy rating 67 D, potential energy rating 78 C - reference number: 2078-6091-7207-4536-5930.
Flat 2 - Valid until March 2026, current energy rating 70 C, potential energy rating 78 C - reference number: 8886-7527-4980-4327-1922.
Flat 3 - Valid until March 2026, current energy rating 72 C, potential energy rating 79 C - reference number: 0949-2837-7074-9526-0211.
Flat 4 - Valid until March 2026, current energy rating 55 D, potential energy rating 77 C - reference number: 2278-6014-7217-2026-7940.
Flat 5 - Valid until March 2026, current energy rating 56 D, potential energy rating 77 C - reference number: 8426-7527-4740-9357-2922.
Gross Rent
The gross rent payable by each flat per annum: Flat 1 - £6000, Flat 2 - £4800, Flat 3 - £4920, Flat 4 - £4500 and Flat 5 - £5100, total £25,320.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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