Being sold by Modern method of Auction T&C APPLY
Commercial Premises and TWO self contained Flats
Two Bedroom Ground Floor Flat
Five Bedroom First and Second Floor Flat
Garage and Lock up Unit
Flats and Shop Tenanted
New Roof
Guaranteed Rents
Close To the Beach
INVESTMENT OPPERTUNITY
Property Description
**Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £180,000
Lovelle are pleased to offer for sale a fantastic investment opportunity being marketed below market valuation for a quick sale, comprising of TWO flats, A Ground Flat A x 2 Bedrooms, First and Second Floor Flat B x 5 Bedrooms, plus ongoing business premises in double shop, Plus Garage and rear Lockup Unit. Being located on Victoria Road, Mablethorpe a stones throw away from the beach and within walking distance of the town centre. Currently being sold with tenants in situ. Pattinson Auctions will be aware of rental income currently received other related information for the property.
**Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £180,000
Lovelle are pleased to offer for sale a fantastic investment opportunity marketed below market valuation for a quick sale, comprising of TWO flats, A Ground Flat A x 2 Bedrooms, First and Second Floor Flat B x 5 Bedrooms, plus ongoing business premises in double shop, Plus Garage and rear Lockup Unit. Being located on Victoria Road, Mablethorpe a stones throw away from the beach and within walking distance of the town centre. Currently being sold with tenants in situ. Pattinson Auctions will be aware of rental income currently received other related information for the property.
The property comprises of a ground floor two bedroom flat, a five bedroom first and second floor flat, and commercial shop premises, also having a rear lockup and garage, both flats have Assured Shorthold tenancies in place, and the shop a commercial tenancy in place.
EPC rating: Unknown. Council tax band: X, Tenure: Freehold,
Rooms
Flat One
This is a TWO bedroom GROUND FLOOR FLAT, total renovation carried out 2015/2016 with internal insulated walls and fire boarding throughout, fully double glazed, also fire doors, x 4 fire alarms and smoke detectors connected to mains control.
Entrance Hall
3.77m x 0.78m (12'4" x 2'7")
Entering through a half glazed Upvc door into the inner hall giving access to all rooms, ceiling light.
Lounge
3.61m x 4.1m (11'10" x 13'5")
Having a Upvc window to the rear elevation, tv point, central heating radiator, open into the kitchen.
Kitchen
2.52m x 2.68m (8'3" x 8'10")
Having a Upvc window to the side elevation, half glazed Upvc door to the side elevation, wall and base units with work surface over, single drainer sink, cooker and cooker hood over, open access leading to a further inner hall to the bathroom and utility area, central heating radiator.
Bedroom One
4.73m x 3.05m (15'6" x 10'0")
Having a box bay window to the front elevation, radiator, ceiling light, overhead storage, gas meter..
Bedroom Two/Study
3.26m x 1.7m (10'8" x 5'7")
ceiling light, radiator.
Bathroom
2.63m x 1.71m (8'8" x 5'7")
Having a panelled bath, WC and pedestal wash hand basin, Upvc window to the side elevation, full tiled walls, radiator.
Rear Hall and Utility Area
There is a inner hall with boiler cupboard, Worchester Combination gas boiler, radiator.
offer the inner hall there is a utility area with plumbing for washing machine, water meter and backs onto the rear lock up unit.
Rear Courtyard Garden
Being fully enclosed with patio slabs, there is gated access leading to an attached garage and outbuilding but the current tenant doesn't have access to these.
Flat Two
This is a FIVE bedroomed Flat, Located over two floors above the main commercial shop. Fully double glazed, fitted with new radiators in 2016 and new kitchen and bathroom completed in December 2024.A new roof was put on in 2023 including new room in the loft (with Building regulations), fully insulated with 10 year warranty and RICs certificate. Full fire alarm system with x10 fire alarm smoke detectors.
Stairs to Entrance
Entering via a half glazed Upvc door to the front elevation, fire alarm system, electric meters for both flats, stairs leading upto the flat with fire door entrance into the inner hall, giving access to all rooms with a further flight of stairs to the top floor bedrooms.
Lounge
4.71m x 4.01m (15'5" x 13'2")
Upvc window to the front elevation, feature fire place, good size room, light and TV point.
Kitchen
3.84m x 3.93m (12'7" x 12'11")
Having a good range of wall and base units with work surface over, Upvc window to the front elevation, one and half bowl sink, space for electric cooker with cooker hood over, combination boiler, radiator, carbon monoxide detector.
Bedroom One
3.72m x 2.56m (12'2" x 8'5")
Having a Upvc window to the rear elevation, central heating radiator, ceiling light good size double room.
Bedroom Two
3.12m x 4m (10'3" x 13'1")
Upvc window to the side elevation, good size double room, tv point and ceiling light, radiator.
Bathroom
2.06m x 3.14m (6'9" x 10'4")
Comprising of Panelled bath with shower over, pedestal wash hand basin and WC, having a Upvc window to the rear elevation.
Stairs to Second Floor
Fire door access with stairs leading to further bedrooms, storage cupboard (1m x 2m)
Bedroom Three
4.33m x 3.89m (14'2" x 12'9")
Good size double bedroom, velux to the rear elevation, radiator and ceiling light, storage cupboard, and loft access.
Bedroom Four
2.38m x 4.68m (7'10" x 15'4")
window to the rear elevation, great size double bedroom, radiator and ceiling light, loft access.
Bedroom Five
2.99m x 3.12m (9'10" x 10'3")
smallest of the bedrooms but good size single/ small double, having a window to the rear elevation, ceiling light and TV point, radiator.
Commercial Premisses
This is a long established double shop with the same tenants for the last 20 years, fitted with fire alarm smoke detectors x 2 connected to the main control at flat 2 entrance.
Retail Shop
being fully open plan with wrap round windows to the front and side elevation, half glazed entrance door, to the far side elevation is a further window and door, this shop could be easily split into two shops with separate entrances, there is a office space in the front part of the shop along with wash hand basin.
Garage
7.33m x 2.56m (24'1" x 8'5")
The garage has an up and over door to the side elevation on king street and being a good size, rear pedestrian door to the rear side elevation into a enclosed alleyway.
Rear Store
Located to the back and side of the garage, this has its own access door and is located to the rear side of flat one's utility room, this would make an ideal opportunity to extend flat one into a larger flat as provision have been made to extend pipework and electric to here. (information provided by current owner)
Location
Mablethorpe is a small seaside resort boasting 4 miles of unbroken sandy blue flag beaches. The town has a variety of shops to include Greggs and Boots the majority, however being independent. Supermarkets in Mablethorpe include the Co-op, Lidl, Lord Bros and market takes place every Thursday. There is a primary school and buses that run to Skegness and the market town of Louth.
Directions
From our office on Victoria Road head towards Sutton on Sea, the property can be found on the right hand side opposite the garage.
Services
The property has mains gas, electric, water and drainage are understood to be connect but have not been tested, the purchaser should rely on their own survey to confirm this. Lovelle Estate Agency and our partners provide a range of services to buyers, although you are free to use an alternative provider. If you require a solicitor to handle your purchase and/or sale, we can refer you to one of the panel solicitors we use. We may receive a fee if you use their services. If you need help arranging finance, we can refer you to the Mortgage Advice Bureau who are in-house. We may receive a fee if you use their services. Mobile and broadband It is advised that prospective purchasers visit checker . ofcom . org . uk in order to review available wifi speeds and mobile connectivity at the property.
How To Make An Offer
If you are interested in this property then it is important that you contact us at your earliest convenience. We will require certain pieces of personal information from you in order to provide a professional service to you and our client. The personal information you have provided to us may be shared with our client, the seller, but it will not be shared with any other third parties without your consent other than the stated reasons detailed within our privacy policy. More information on how we hold and process your data is available on our website and you can opt-out at any time by simply contacting us. For any offer, you wish to make we will need to establish certain details before negotiation can take place. This is so that our vendor can make an informed choice when negotiating and accepting your offer. You will be asked to provide formal I.D. and address verification, as required under the new Money Laundering Legislation.
Viewings
STRICTLY BY APPOINTMENT ONLY - all flats and commercial premisses are occupied by tenants and we would need access via them.By appointment with the Sole Agent Lovelle Estate Agency, telephone . We recommend prior to making an appointment to view, prospective purchasers discuss any particular points likely to affect their interest in the property with one of our property consultants who have seen the property in order that you do not make a wasted journey.
Energy Performance Certificate
A copy of the full Energy Performance Certificate for this property is available upon request unless exempt. Advisory Notes - Please be advised if you are considering purchasing a property for Buy To Let purposes, from 1st April 2018 without an EPC rated E or above it will not be possible to issue a new tenancy, or renew an existing tenancy agreement.
Mortgage
You might also have one or two questions for us, such as which solicitor to choose, or which mortgage lender has the best offers available for me. We have a one-stop shop to satisfy all of these needs so please ask. Budgeting correctly and choosing the right mortgage for a move is vital. For independent mortgage and insurance, advice call our mortgage advisor on to arrange an appointment.
Agents Note
This property is being sold by Pattinson Auctions, Lovelle are the sub agent for the auction team. Lovelle can accept offers but they will be forwarded over to Pattinson to deal with. The property itself has a long established double shop with the same tenants in place for the last 20 years (shop), there has been upgrades carried out from total renovation of the flats from 2015/2016/2024 to include internal insulated walls, complete with fire board, fully double glazed and fire alarm, new roof which has RICs approval with added Velux window.
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Victoria Road, Mablethorpe, LN12
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