St. Andrews Drive Skegness

Asking Price
£300,000
SSTC
This property listing is now SSTC

8 Bedroom Semi-Detached House for sale in Lincolnshire

8
  • • Substantial 3 Storey Semi-Detached House
  • • Converted To Provide 7 Studio Flats & A Large 2 Bed Flat
  • • Fantastic Position Close To Skegness Seafront
  • • Currently Vacant But When Fully Let Anticipate To Generate Circa £38,000 Per Annum
  • • Requiring Light Refurbishment
  • • Representing An Investment Yield Of Crica 12.6%
  • • An Excellent Investment Opportunity

A substantial 3 storey semi-detached house constructed circa 1910 and located close to Skegness seafront. An excellent investment opportunity this has been converted to provide 7 studio flats and a spacious 2 bedroom ground floor apartment with large attached garage and separate communal utility room. Some of the flats require light refurbishment but this would be an excellent opportunity as fully let we anticipate a rental income in the region of £38,000 per annum representing and investment yield of circa 12.6% at the asking price. Gardens to front and rear. - NOT TO BE MISSED.

Important information

This is a Freehold property.

EPC Rating is D

Property Ref: GRS_GRS230699

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