Park Avenue, Skegness, PE25 7 bed detached house for sale

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Park Avenue, Skegness, PE25 7 bed detached house for sale

Park Avenue, Skegness, PE25
£550,000

Our Summary

  • A large, superbly positioned versatile property offering an excellent investment opportunity
  • All the properties are currently occupied on assured shorthold tenancies making this an exceptional investment, with the potential/added options for holiday let/AirBnB (subject to relevant planning)

Description

This large property offers an excellent investment opportunity, consisting of a main block with three 1-bedroom apartments, a 3-bedroom maisonette, and a separate detached cottage with its own courtyard. Each unit has its own heating and services, and is double-glazed. The property has been well-maintained and upgraded throughout, meeting current regulations. The location is ideal, just a few steps from the sea front and beach, and within walking distance to the town centre and amenities. The property is currently occupied on assured shorthold tenancies, generating a gross yield of approximately 6%. The detached cottage has a private courtyard and driveway, while the main building has low-maintenance slate chipped gardens and off-road parking. With the potential for holiday lets or Airbnb rentals, this property presents a unique investment opportunity.