Summary - Strand 88 Drummond Road, Skegness, Lincs PE25 3DA
5 bed 5 bath Commercial Property
**Standout Features:**
- Freehold block of 5 self-contained flats
- Located near the seafront in a popular resort town
- Independent gas central heating and majority UPVC double glazing
- Current gross rental income of approximately £25,320 per annum
- Low maintenance gardens and a garage
- Constructed in the mid-20th century with potential for modernization
**Concise Property Summary:**
This attractive Freehold block of five residential flats offers a fantastic investment opportunity in the sought-after coastal town of Skegness. Each self-contained flat, featuring independent gas central heating and predominantly UPVC double glazing, is ready to rent and presents a total gross rental income of around £25,320 per annum, making it ideal for savvy investors.
The building includes a spacious three-bedroom flat on the ground floor and four additional flats on the upper levels, varying from one to two bedrooms. With low maintenance front and rear gardens, plus a garage, the property is perfect for those seeking convenience and a solid return on investment. Although currently yielding a respectable income, potential for further modernization could enhance the property’s appeal and rental value.
While the exterior shows signs of wear and could benefit from updates, this presents an opportunity for adding personal touches or renovations to elevate its market worth. With low crime rates, excellent mobile and broadband connectivity, and close proximity to local amenities, this investment will not be available for long—don’t miss your chance to secure a profitable asset in an affluent area!
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