Roman Bank, Skegness, Lincolnshire, PE25 2SW

Being sold via Secure Sale online bidding. Terms and Conditions apply.

Presenting a freehold investment opportunity, this block of four self-contained apartments offers a potential gross income of £20,328 per annum, and comprises a two-bedroom flat alongside three one-bedroom flats.

Three units are currently rented with the tenants being in residence for a number of years.

The block is situated in a prime location, within easy reach of the town centre, train station and the nearby beach. This manageable investment offers immediate income and future growth potential.

Viewing is recommended to appreciate the potential of this exceptional investment opportunity. The EPC ratings for the building are C and D. For Sale due to retirement.

Council Tax band: A (each flat) Tenure: Freehold EPC Energy Efficiency Ratings: C & D COMMUNAL ENTRANCE LOBBY With door at the rear (via Grosvenor Road) and providing access to Flats 1, 3 & 4.

FLAT 1 - Hallway With intercom entry system.

Living Room / Kitchen 19' 2" x 8' 8" (5.84m x 2.64m) With pvc window to the front elevation, electric night storage heater, base and wall units with worksurfaces, stainless steel sink unit, cooker point.

Bedroom 12' 9" x 9' 11" (3.88m x 3.02m) With pvc window to the front elevation, electric night storage heater.

Bathroom 7' 0" x 5' 11" (2.13m x 1.80m) With panelled bath with shower attachment over, pedestal hand basin, W.C, wall heater. FLAT 2 - With pvc entrance door via Grosvenor Road.

Lobby Living Room / Kitchen 19' 4" x 10' 10" (5.90m x 3.29m) With pvc windows to the front and side elevations, electric night storage heater, base and wall units with worksurfaces, stainless steel sink unit, cooker point.

Bedroom 13' 2" x 10' 6" (4.02m x 3.19m) With pvc window to the side elevation, electric night storage heater.

Bathroom 8' 0" x 6' 6" (2.45m x 1.98m) With panelled bath with Triton electric shower, pedestal hand basin, W.C, built in cupboard housing the hot water cylinder, wall heater.

FLAT 3- Hallway With intercom entry system.

Living Room 18' 5" x 11' 7" (5.62m x 3.52m) With 2 pvc windows to the front elevation, further pvc window to the side elevation, electric night storage heater.

Kitchen 11' 0" x 7' 6" (3.35m x 2.28m) With opaque pvc window to the side elevation, base and wall units with worksurfaces over, stainless steel sink unit, cooker point.

Inner Hall With built in cupboard, further built in cupboard housing the hot water cylinder.

Bedroom 12' 0" x 11' 7" (3.65m x 3.52m) With pvc window to the front elevation with view of St Matthews church.

Bathroom With shower enclosure with Triton shower, pedestal hand basin, W.C, extractor fan FLAT 4- Hallway With intercom entry system.

Living Room / Kitchen 16' 1" x 14' 6" (4.91m x 4.41m) With pvc window to the side elevation, electric night storage heater, base and wall units with worksurfaces over, sink unit, cooker point.

Bedroom 1 13' 3" x 8' 4" (4.04m x 2.55m) With pvc window to the side elevation, electric night storage heater, door to:- Bedroom 2 9' 3" x 8' 7" (2.82m x 2.62m) With pvc window to the front elevation, electric night storage heater, built in cupboard.

Bathroom 6' 10" x 5' 2" (2.08m x 1.57m) With bath, pedestal hand basin, W.C, wall heater, pvc window. OUTSIDE To the rear of the property is a concreted parking area.

TENURE & RENT Freehold and subject to the existing tenancies.

Flat 1 (ground floor) - £330.00 pcm (let) Flat 2 (ground floor) - £575.00 pcm (vacant) Flat 3 (first floor) - £400.00 pcm (let) Flat 4 (first floor) - £389.00 pcm (let) SERVICES The property has mains electricity, water and drainage connected.

Heating is via electric night storage heaters to each flat. The agents have not inspected or tested any of the services or service installations and purchasers should rely on their own survey.

COUNCIL TAX Charging Authority – East Lindsey District Council Each flat is subject to Band A - 2026/27 - £1546.45 Description   Presenting a freehold investment opportunity, this block of four self-contained apartments offers a potential gross income of £20,328 per annum, and comprises a two-bedroom flat alongside three one-bedroom flats.

Three units are currently rented with the tenants being in residence for a number of years.

Location   Situated in a good location close to the town centre and beach Tenure   LL171143 - Freehold Additional Information   For further information please contact our office directly on , or alternatively via email on .

With regards to viewing subject property, this is to be done strictly by appointment. Auctioneers Additional Comments   Pattinson Auction are referred to as The Auctioneer.

This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.

The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.

The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.

Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.

The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.

Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments   The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.

The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.

An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.

The Legal Pack will also outline the buyers obligations and sellers commitments.

It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments   In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.

The deposit will form part of the purchase price.

A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.

The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.

Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.

There is no requirement or obligation to use any recommended suppliers or services.