20 bedroom block of apartments for sale

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20 bedroom block of apartments for sale

North Parade, SKEGNESS
£600,000

Our Summary

  • SUMMARYAUCTION SALE 09 September 2025 - • A block of 11 apartments close to the sea front• Mixture of ASTs & holiday lets• A very popular location offering an attractive annual incomeDESCRIPTIONGUIDE PRICE: £600,000AUCTION DATE: TUESDAY 9th SEPTEMBER 2025BIDDER REGISTRATION: BY 2pm MONDAY 8TH SEPTEMBER 2025WHERE TO BID: Please ensure you are registered to bid on the Barnard Marcus Auctions website
  • Email: By arrangement with the auctioneers - please see important advice for viewers on page 19 of this catalogueFOR SALE VIA THE MIDLANDS AUCTION CENTRE IN ASSOCIATION WITH BARNARD MARCUS AUCTIONS TUESDAY 9th SEPTEMBER 2025 AT 9
  • AUCTION SALE

Description

This property is a block of 11 apartments located near the seafront, with a mix of holiday lets and tenanted units on assured shorthold tenancies. The property is spacious, with self-contained flats offering between 1-2 bedrooms, kitchen, and shower/bathrooms. The owners currently generate an income of around £500 per week from the holiday lets, combined with the guaranteed rental income from the tenanted flats, making it a thriving investment opportunity. The property is located in the town center, with amenities such as shops, pubs, restaurants, schools, and public transportation links. The auction guide price is £600,000, and the auction will take place on September 9th, 2025.