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See how verdicts workProperty · PE25 2SB
For saleListed 278 days
Opportunity summary
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About
An excellent opportunity to acquire the freehold of these 8 garages which can be purchased as a whole of individually.
The garages are located at ground floor level below and established apartment block.
Location The garages are located within an established block of flats, The location is close to Roman Bank and within a mile of the town centre. The area is surrounded by residential property.
The town is a popular retail centre and seaside resort serving an extensive catchment population which increases substantially due to staycations.
The principal access routes to the town are by the A52 from Boston which is located approximately 22 miles to the south west and the A158 to Lincoln which is approximately 43 miles to the west.
The town is also served by a railway station with access to Nottingham. The subject property fronts onto Lumley Road which is a popular retail location within the town centre.
Nearby national occupiers include Specsavers, Boots, NatWest, Argos and Barclays.
Lumley Road also connects to Wainfleet Road which provides access to Skegness promenade, a popular tourist attraction and driver of high levels of footfall.
ACCOMMODATION There are 8 garages (3 let) with each one having an up and over garage door and each measures 148 sqft (13.8 sqm) PLANNING The garages have an established use as garages since they were built TENURE The garages are sold freehold with vacant possession and can sold as a whole of individually RATEABLE VALUE Not Applicable CEPC Not Required LEGAL COSTS Each Party is responsible for their own legal costs VAT The price is exclusive of VAT if applicable LOCAL AUTHORITY East Lindsey District Council The Hub Mareham Road Horncastle LincolnshireLN9 6PH Tel VIEWINGS Contact Pygott & Crone Commercial 36a Silver Street Lincoln LN2 1EWTel
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 8, Garages, Ellis Court Roman Bank, Skegness, Lincolnshire, PE25
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