Auction House / Lincolnshire

  • For Sale By Unconditional Online Auction
  • Guide Price* : £45,000+
  • Bidding Opens 13/01/2025 13:00

16 Cross Street, Skegness, Lincolnshire, PE25 3RH

*ONLINE Unconditional Auction Opening 13 January 2025*
To register for the legal pack and bidding, please visit our website: auctionhouse.co.uk/lincolnshire

Description

Situation:
The property is situate on Cross Street, Skegness central to a wide range of facilities and amenities including the sea front, promenade and leisure facilities. Skegness itself is a popular sought after seaside resort, with many thousands of holiday makers year by year. Skegness also offers excellent access to the coastal towns of Lincolnshire.

Description:
A traditionally constructed mid terrace house, ideal for investors and owner occupiers alike, benefitting from both double glazing and central heating, with versatile and deceptive accommodation. This property may be suitable for a variety of uses (STP), including holiday let, residential let or HMO conversion. A strong yield and opportunity to add value are there – with potential HMO rates at £95 per room, per week (£19,760 per annum as a 4 bed HMO), or Holiday lets in excess of £600 per week in the popular months.

Accommodation: Ground Floor

Entrance
Sitting Room
Dining Kitchen
Family Bathroom

First Floor

Bedroom 1
Bedroom 2

Second Floor
Bedroom 3

Outside
Rear garden.
Material Information Tenure:
The property is freehold. All prospective bidders should satisfy themselves of the tenure by inspecting the legal pack.

Council Tax:
The property falls within East Lindsey Council – BAND A

Possession:
Vacant possession will be given upon completion.

Viewing:
Strictly by appointment with Auction House.

Services:
Prospective purchasers are advised to make their own enquiries of the relevant statutory authorities. NB: Services, Apparatus and Equipment have not been tested by Auction House and therefore cannot be verified as being in working order. The buyer is advised to obtain verification from their Solicitor/Surveyor.

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract. Information relating to Rating and Town and Country Planning matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate Authority. All measurements, areas and distances are approximate only. Potential purchasers are advised to check them.

EPC Rating

C

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

Non-refundable £3,600 inc VAT payable on the fall of the virtual gavel.

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* Guide | £45,000+
  • 3 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 01427 616436 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.