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 (offering avery attractive gross investment yield of approx. 18% on the asking price). This is a fantastic opportunity toacquire an extremely well-run HMO with an established and stable income streamproviding a day 1 return.Â
**Please note for portfolio investorsnumber 15 Grosvenor Road is also available for purchase. Generating £55,900 perannum. Asking price £295,000.**
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.
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ACCOMMODATION
Set over three floors the well-presented accommodation includes:
Ground Floor- Hall with separate access to the rear garden, five bedrooms and a shower room
First Floor- Kitchen with modern fitted units, 2 x electric oven and hobs, sink and drainer and finished with dining table and chairs, Lounge and two further shower rooms
Second Floor- Four further bedrooms, one with kitchenette and a separate WC
OUTSIDE
 To the front there is a private parking space. To the rear there is a low maintenance garden area with covered smoking area.
 General Condition: The property has been meticulously maintained and managed by the current owner. Windows are uPVC double glazed throughout. Shower rooms are all fitted with modern white suites and are fully tiled.
Services: Full mains services of water, electricity, gas and drainage are connected. Heating is gas fired. EPC Rating: D 63.
