Fairview Holiday Flats, 84 South Parade, Skegness

£525,000
For Sale
1/22
£525,000
For Sale
William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director
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Property summary

Excellent Business/Investment Opportunity
For Sale
Block of 17 holiday flats
Overlooking the sea
Fully Furnished
Excellent rental income
All year round income
Parking to the rear
EPC Ratings D - G

Get in touch

William Downing
BSc (Hons) MRICS FNAEA MIoD MARLA FNAEA (Comm)
Director

More about the property

Fairview Holiday Flats are a family run business offering quality accommodation in an attractive and well maintained 4-storey building. The business has been established for 26 years and has established repeat business. The business has excellent rental income with further potential for expansion.

Location
Skegness is a seaside town and civil parish in the East Lindsey District of Lincolnshire . On the Lincolnshire coast of the North Sea, the town is 43 miles (69 km) east of Lincoln and 22 miles (35 km) north-east of Boston. With a population of 19,579 as of 2011, it is the largest settlement in East Lindsey. It also incorporates Winthorpe and Seacroft, and forms a larger built-up area with the resorts of Ingoldmells and Chapel St Leonards to the north. The town is on the A52 and A158 roads, connecting it with Boston and the East Midlands, and Lincoln respectively. Skegness railway station is on the Nottingham to Skegness (via Grantham) line. The property is situated in an excellent location on South Parade within minutes’ walk for the town centre and sea front and has some of the best views of the sea and along the seafront from the apartments. The flats which occupy an unequalled position on Skegness sea front, overlooking bowling greens, the Rock Gardens, the Boating Lake and with views out to sea. The flats vary in size and can accommodate anything from 2 to 7 persons.

Location

Accommodation

ACCOMMODATION
The property is over 4 floors including basement, ground, first and second floor. The property is fully furnished throughout. The property has parking for 5 vehicles to the rear.
Flat 1 = 28 SQM
Flat 1a = 48 SQM
Flat 2 = 29 SQM
Flat 2a = 48 SQM
Flat 3 = 46 SQM
Flat 4 = 23 SQM
Flat 5 = 29 SQM
Flat 6 = 23 SQM
Flat 7 = 53 SQM
Flat 8 = 46 SQM
Flat 9 = 53 SQM
Flat 10 = 23 SQM
Flat 11 = 23 SQM
Flat 12 = 29 SQM
Flat 15 = 23 SQM
Flat 17 = 29 SQM
Flat 18 = 57 SQM
SERVICES
All mains services are connected to the property.
TENURE
The property is being sold freehold with vacant possession.
RATEABLE VALUE
The rateable value of the property is £5400. The property is below the threshold and therefore benefits from full rates relief.
EPC
The property has the following EPC ratings:
Flat 1 = E
Flat 1a = E
Flat 2 = D
Flat 2a = D
Flat 3 = E
Flat 4 = D
Flat 5 = E
Flat 6 = D
Flat 7 = D
Flat 8 = F
Flat 9 = D
Flat 10 = D
Flat 11 = F
Flat 12 = G
Flat 15 = F
Flat 17 = E
Flat 18 = D
LEGAL FEES
Each party pays their own legal costs.
VAT
The price is exclusive of VAT if applicable
LOCAL AUTHORITY
East Lindsey District Council
Tedder Hall, Manby Park, Louth, LN11 8UP
Tel 01507 601111
VIEWING
Contact Pygott & Crone Commercial
21 The Forum, North Hykeham, Lincoln, LN6 8HW
Tel 01522 536777
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