44 - 48 South Parade, Skegness, Lincs, PE25 3HW

Price:

Freehold - £599,000

Seller Ref:

sk005872

Location:

Lincolnshire , South Parade, Skegness

Business Type:

Commercial Property

See Other:

Investment properties for sale in Lincolnshire
Commercial property for sale in Lincolnshire

Description:

THE BUSINESS:

EXCELLENT RESIDENTIAL INVESTMENT OPPORTUNITY

• 17 FREEHOLD RESIDENTIAL FLATS
• PRIME SEAFRONT LOCATION
• SELF CONTAINED
• RENTAL INCOME ALMOST £70,000 PER ANNUM (gross)

Location Details:

Skegness is the principal Lincolnshire coastal resort with a population of around 18,000 persons increasing substantially in the summer months with the influx of holiday markers and day visitors. It is some 40 miles east and south of Lincoln and Grimsby respectively with main communication links via the A52 and A158 roads to the south and Midlands. Skegness is well served by bus and rail services and the local primary and Grammar Schools have excellent reputations. South Parade runs southwards from the Clock Tower and the property has fine views of the promenade and foreshore amenities and the sea.