The subject property is situated in Skegness, on the western side of Lumley Avenue, close to the junction with Algitha Road. Lumley Avenue runs parallel with Rutland Road and Grand Parade and is a short walk to the sea front.
Skegness Railway Station is less than ½ a mile from the subject property and approximately 5 minutes’ walk. Morrisons is situated close to the rail station, on Robin Hood Road.
The subject property is an upper ground floor flat, offering an ideal buy to let, first time buy or holiday home investment opportunity.
The flat has an entrance hall with doors leading to both the bedroom and lounge / kitchen area. There is a telephone entry system. In both the living room and kitchen there are two double windows, making this an extremely bright flat.
The kitchen has wall and base units, with worktop surfaces, tiled splashbacks and a fitted extractor fan.
There is a shower cubicle with an electric shower over, WC, wash hand basin with tiled splashback and mirror above.
Please note an inspection of the property has not been undertaken. Photos have been provided to us.
Kitchen / living 3.66m x 4.67m (max.)
Bedroom 1: 2.96m x 3.62m (max.)
Ensuite Bathroom: 0.86m x 2.39m (max.)
We understand the property has mains gas, electricity, water and drainage.
The flat has previously been let for a total of £420 pcm on an AST (excluding Gas & Water charged to tenants at approx. £12 p/wk).
Long leasehold – 125 years from 10th August 2009
The property is rated in Council Tax Band A. Council Tax payable (2015/16) is £969.21
No VAT will be payable on the purchase price of the property.
Available upon request
Viewing by Appointment
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
Flat 3, 13 Lumley Avenue
✓ Potential income £5,100pa
✓ Potential gross yield 13 %
✓ Fully refurbished
✓ 125 year lease from 2009
✓ Parking area to the rear
✓ Short walk to beach
✓ Close to local amenities
Richard Reed, RICS
Phone: 0115 970 6060
Our reference PR025