6 bed block of flats for sale

56 Castleton Boulevard, Skegness, Lincolnshire PE25

An excellent investment opportunity comprising six self-contained one-bedroom flats, all currently let on Assured Shorthold Tenancies (ASTs), generating a gross annual rental income of approximately £40,000.

Occupying a convenient position within easy reach of Skegness town centre, the property is well placed for local amenities, transport links and the seafront, making it a consistently attractive proposition for tenants.

The accommodation is arranged over three floors and comprises six well-proportioned one-bedroom flats, each benefiting from its own lounge, kitchen/dining room, bathroom facilities and individual gas-fired central heating boiler. Externally, the property enjoys ample off-road parking together with two detached garages to the rear, offering useful storage or potential for additional rental income, subject to any necessary consents.

Providing an established income from day one, this represents a rare opportunity to acquire a substantial, fully let investment in a popular coastal location with scope for continued long-term rental returns.

Agent's Note: The property is fully let on Assured Shorthold Tenancies (ASTs) and currently generates a gross annual rental income of approximately £40,000. A tenancy schedule is available upon request.

Ground Floor Flat 1

Entrance Hall 1

Lounge 1

5.39m x 3.65m - 17'8” x 11'12”

Kitchen/Dining Room 1

3.05m x 4.24m - 10'0” x 13'11”

Bedroom 1

4.64m x 2.74m - 15'3” x 8'12”

Bathroom 1

1.98m x 2.5m - 6'6” x 8'2”

Ground Floor Flat 1A

Kitchen 1A

2.4m x 2.5m - 7'10” x 8'2”

Lounge 1A

2.37m x 5.81m - 7'9” x 19'1”

Bedroom 1A

3.84m x 4.3m - 12'7” x 14'1”

En-Suite 1A

2.24m x 1.51m - 7'4” x 4'11”

First Floor Landing

First Floor Flat 2

Hall 2

Kitchen/Dining Room 2

5.03m x 2.73m - 16'6” x 8'11”

Bedroom 2

3.49m x 2.73m - 11'5” x 8'11”

Balcony

Bathroom 2

2.48m x 2.43m - 8'2” x 7'12”

First Floor Flat 3

Hall 3

Lounge 3

4.07m x 3.67m - 13'4” x 12'0”

Kitchen Diner 3

2.17m x 3.73m - 7'1” x 12'3”

Bedroom 3

2.76m x 2.72m - 9'1” x 8'11”

Shower Room

1.52m x 2.8m - 4'12” x 9'2”

Second Floor Flat 4

Entrance Hall 4

Lounge 4

4.07m x 3.66m - 13'4” x 12'0”

Kitchen/Dining Room 4

2.19m x 3.73m - 7'2” x 12'3”

Bedroom 4

2.78m x 3.67m - 9'1” x 12'0”

Bathroom 4

1.51m x 2.82m - 4'11” x 9'3”

Second Floor Flat 5

Hall 5

Kitchen/Dining Room 5

3.5m x 2.73m - 11'6” x 8'11”

Bedroom 5

5.03m x 2.73m - 16'6” x 8'11”

Bathroom 5

2.1m x 2.43m - 6'11” x 7'12”

Outside

Garage 1

6.21m x 4.44m - 20'4” x 14'7”

Garage 2

5.44m x 2.51m - 17'10” x 8'3”