15 Grosvenor Road,
Skegness

• 11 Bed HMO Property
• Freehold
• Fully let with long standing tenants
• Extremely well maintained and managed
• Providing immediate return on investment
• Offering approx. 18.94% gross return against asking price
• Close to town centre and all local amenities

An extremely well maintained and presented 11 bed HMO located in the vibrant seaside town of Skegness on the east coast of Lincolnshire.

The property is currently fully let withmany long-standing tenants and is generating £55,900 per annum ((offeringa very attractive gross investment yield of approx. 18.94% on the askingprice). This is a fantastic opportunity toacquire an extremely well-run HMO with an established and stable income streamproviding a day 1 return.

**Please note for portfolio investorsnumber 24 Grosvenor Road is also available for purchase. Generating £55,900 perannum. Asking price £309,000**

Location-

Set approx. 0.3 miles from the main town centre, in the well serviced seaside town of Skegness. Skegness’s blue flag beach is approx. 0.5 miles. Skegness railway station is situated approximately 0.3 miles to the south. From Skegness there are direct services to Wainfleet (9 mins) and Nottingham (2 hours 6 mins). By road, Skegness is located approximately 42 miles east of Lincoln, 55 miles northeast of Peterborough, 72 miles southeast of Kingston upon Hull, 79 miles east of Nottingham and 84 miles northeast of Leicester.

 Set over three floors the well-presentedaccommodation includes:

Ground Floor- Hall with separate access to the reargarden, five bedrooms and a shower room

First Floor- Kitchen Living Room with modernfitted units, 2 x electric oven and hobs, sink and drainer and finished withdining table and chairs and wall mounted TV, four further bedrooms, two furthershower rooms and a separate WC
Second Floor- Two further bedrooms, one withkitchenette

OUTSIDE

To the rear there is a low maintenancegarden area, secured gated parking area and a Garage with roller shutter door.

General Condition:

The property has been meticulouslymaintained and managed by the current owner. Windows are uPVC double glazedthroughout. Shower rooms are all fitted with modern white suites and are fullytiled.

Services: Full mains services of water,electricity, gas and drainage are connected. Heating is gas fired. EPC rating: D 60.