Residential Portfolio in PE25

Drummond Road, Skegness, Lincolnshire, PE25 3EH

Brochure

Tenure: Leasehold

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Starting bid£180,000

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Key Information

Parking: None

Property features

Immediate “exchange of contracts” available
Being sold via “secure sale”
Five Flats
Leasehold Interest Only 125 YEARS FROM OCTOBER 2008
Mostly Electric Heating
Upvc Double Glazing
Close To The Town Centre & Seafront
Epc Rating C, D,D,D,E
Council Tax A

Residential Portfolio in PE25

For sale via auction - fees, terms and conditions apply.

HomeMove Estate Agents by Carl Smith are pleased to present to the market, the leasehold interest of this semi-detached property which is located close to the town centre and seafront. Comprising five x one-bedroom flats producing an income of £2550 pcm currently. Most of the flats have electric heating with one flat having gas. Upvc double glazing is installed. Viewings are available from now and will be subject to a notice period for the tenants. The selling agents are currently awaiting a copy of the lease.

FLAT ONE
Hallway With doors to rooms:-
Open Plan Lounge/ Kitchen
With a double glazed walk in bay window, electric radiator, picture rail, decorative coving, The kitchen area comprises of a range of white gloss base and drawer units incorporating an integrated electric oven, hob and inset sink with mixer taps over, useful shelving and space for further appliances in the Kitchen area.
Bedroom
With double glazed window to the rear elevation, decorative coving, fitted wardrobe, electric wall mounted heater and door allowing access into the:-
Shower Room
Fitted with a 3 piece suite comprising of a tiled shower cubicle with electric shower therein, wall mounted wash hand basin, low flush WC, electric chrome effect ladder style radiator, extractor, tiled splash backs.

FLAT TWO
Lounge
Having an Electric wall mounted heater, built in cupboard. With access to;
Inner Hall Area
Kitchen
Which is fitted with a range of wall, base and drawer units with complimentary work top surfaces over and tiled splash backs, circular inset sink with mixer taps over, natural light by way of a double glazed window to the side elevation, wall mounted extractor, space for appliances and a door allowing access into;
Shower Room
Which is fitted with a shower cubicle incorporating an Electric shower therein, complimentary tiled splash backs to the walls, extractor, low flush WC, pedestal wash hand basin, electric wall mounted heater, and a double glazed opaque window to the side elevation.
Bedroom
With a double glazed window, electric fuse box, a useful shelf recess, with an entrance door, which leads into the communal hallway of the building.

FLAT THREE
Hall
With electric heater and doors.
Lounge / Kitchen
Upvc window to rear aspect, electric heater, wall and base cupboard with worktop over, stainless steel sink, electric oven and hob with extractor over.
Bedroom
With Upvc window to side aspect, and electric heater.
Bathroom
With Upvc window to side aspect, w.c, wash hand basin and panelled bath with shower over.

FLAT FOUR
Lounge/Kitchen
With Upvc windows to front aspect, electric heater, wall and base cupboards with worktop over, stainless steel sink and electric oven with hob.
Bathroom
With panelled bath with shower over, wash hand basin and wc.
Bedroom
With Upvc window to rear aspect and electric heater.

FLAT FIVE
Living Area - Fitted with laminate flooring and radiator
Kitchen Area - Fitted with wood effect wall, drawer and base units with black modern worktop over, single drainer sink units with mixer tap over and washing machine. Kitchen is fitted with laminate flooring.
Bedroom - With radiator.
Bathroom - Fitted with white three piece suite low level W/C, bath with shower over and pedestal hand wash basin.rtSearch’ chargeable at £15.00 per buyer. HomeMove Estate Agents may be paid a fee for introducing clients to their p EPC, Conveyancing, Survey and Mortgage service providers.

Location

Located close to the town centre and seafront.

Accommodation

FLAT ONE Hallway With doors to rooms:- Open Plan Lounge/ Kitchen With a double glazed walk in bay window, electric radiator, picture rail, decorative coving, The kitchen area comprises of a range of white gloss base and drawer units incorporating an integrated electric oven, hob and inset sink with mixer taps over, useful shelving and space for further appliances in the Kitchen area. Bedroom With double glazed window to the rear elevation, decorative coving, fitted wardrobe, electric wall mounted heater and door allowing access into the:- Shower Room Fitted with a 3 piece suite comprising of a tiled shower cubicle with electric shower therein, wall mounted wash hand basin, low flush WC, electric chrome effect ladder style radiator, extractor, tiled splash backs. FLAT TWO Lounge Having an Electric wall mounted heater, built in cupboard. With access to; Inner Hall Area Kitchen Which is fitted with a range of wall, base and drawer units with complimentary work top surfaces over an

Accommodation (cont)

FLAT THREE Hall With electric heater and doors. Lounge / Kitchen Upvc window to rear aspect, electric heater, wall and base cupboard with worktop over, stainless steel sink, electric oven and hob with extractor over. Bedroom With Upvc window to side aspect, and electric heater. Bathroom With Upvc window to side aspect, w.c, wash hand basin and panelled bath with shower over. FLAT FOUR Lounge/Kitchen With Upvc windows to front aspect, electric heater, wall and base cupboards with worktop over, stainless steel sink and electric oven with hob. Bathroom With panelled bath with shower over, wash hand basin and wc. Bedroom With Upvc window to rear aspect and electric heater.

Accommodation (cont.)

FLAT FIVE Living Area - Fitted with laminate flooring and radiator Kitchen Area - Fitted with wood effect wall, drawer and base units with black modern worktop over, single drainer sink units with mixer tap over and washing machine. Kitchen is fitted with laminate flooring. Bedroom - With radiator. Bathroom - Fitted with white three piece suite low level W/C, bath with shower over and pedestal hand wash basin.

Tenure

Leasehold. Title numbers: Flat 1 - LL301602 Flat 2 - LL301603 Flat 3 - LL301604 Flat 4 - LL301605 Flat 5 - LL301800

Rental Amounts

Flat 1 - £500pcm Flat 2- £575pcm Flat 3 - £500pcm Flat 4 - £500pcm Flat 5 - £475pcm

EPC

Flat 1 - E Flat 2 - D Flat 3 - C Flat 4 - D Flat 5 - D Full reports available on request.

Council Tax

All flats - Band A

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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