6 bed flat for sale

Algitha Road, Skegness PE25

Summary
commercial property with residential aspect above. For sale via traditional auction. Available post auction. Viewings available by appointment only. Please contact our skegness branch.

Description
The property comprises of 2 freehold titles, known as No.13 & 15 Algitha Road.

No.13: A split commercial/residential property located centrally in Skegness, close to an array of amenities and a short distance from the sea front. The commercial part of the building is currently vacant and the 3 bedroom flat to the 1st floor is currently tenanted. The 3 bedroom flat is tenanted on a rolling contract and is achieving £650pcm. There is scope to convert the ground floor accommodation to residential living accommodation, subject to necessary permissions and consents. There is parking with the property.
EPC Rating: E
Council Tax Band: B

No.15: A split commercial/residential property located centrally in Skegness, close to an array of amenities and a short distance from the sea front. The commercial part of the building is currently vacant and the 2 flats are tenanted, on rolling contracts. Flat 15 is achieving £475pcm and 15a is achieving £299pcm. Flat No. 15 is a 1 bedroom property located on the first floor and flat No. 15a is a 2 bedroom property, split level over the first and second floors. There is scope to convert the ground floor accommodation to residential living accommodation, subject to necessary permissions and consents. There is parking with the property.
EPC:15: E/ 15a: D
Council Tax Band: A

Algitha Road is a great investment location and attracts professionals as permanent tenants, as well as being well located to attract holiday makers, as a holiday

Conditions Of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendor's solicitors seven days prior to sale and the purchaser shall be deemed to have knowledge of the same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn. The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Health & Safety For Viewers
Whilst the auctioneers make every effort to ensure the safety and security of viewers at lots, we have not carried out a detailed Health & Safety inspection of the lots in our auction and cannot therefore guarantee the safety and security of viewers. All persons attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All unaccompanied inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers' risk.

Guide Price
Guide Price: An indication of the seller's current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Note
The auctioneers offer four ways to bid including internet, telephone, proxy, and live room bidding. Prospective purchasers will need to register to bid and pay a holding deposit before the sale commences by registering at Barnard Marcus Auctions website. We do not take credit card or cash deposits. The sale of each lot is subject to a documentation charge of £1,500 (including vat) payable on the fall of the hammer.
Guidance notes are set out in the catalogue in relation to auction lots, particularly from a purchasing perspective.

Summary
auction sale 03 February 2025 - • Split commercial/residential property
• Commercial to the ground floor and a 3 bed flat to the first floor (with parking)
• Flat: £650pcm on a rolling contract
• Commercial: Vacant

Description
A split commercial/residential property located centrally in Skegness, close to an array of amenities and a short distance from the sea front. The commercial part of the building is currently vacant and the 3 bedroom flat to the 1st floor is currently tenanted. The 3 bedroom flat is tenanted on a rolling contract and is achieving £650pcm. There is scope to convert the ground floor accommodation to residential living accommodation, subject to necessary permissions and consents. There is parking with the property. Algitha Road is a great investment location and attracts professionals as permanent tenants, as well as being well located to attract holiday makers, as a holiday let. There are tourist attractions, grocery stores, retail shops and restaurants close by. The property is well located for local businesses and should attract interest from a commercial aspect.

Accomodation To 13
Accommodation to 13
Ground floor: Front and side entrance, 3 rooms, cloakroom and staff toilets.
First floor: 3 bedrooms, kitchen, living room and a bathroom.
Outside: Outside area to the side. Off road parking.
EPC: E

Council Tax Band: B

Tenure:
Freehold

Accomodation To 15
Accommodation
Ground floor: Reception, office, 4 rooms, toilet, changing room, store
Flat No.15: 1st floor: 1 bedroom, living room, kitchen, bathroom.
Flat 15a: Split over 1st & 2nd floors: 2 bedrooms, living room, kitchen.
Basement: Washroom/utility, kitchen, store, staff room, staff toilets
Outside: Outside area to the rear of the property. Off road parking.

EPC:
15: E
15a: D
Council Tax Band: A

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.