The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and two upper floors. Leasehold. The property is held on a 99 year lease from 23rd November 1990 (thus approximately 64 years unexpired). The property is situated on a residential road close to local shops and amenities. The open spaces of Skegness Beach are within easy reach. Transport links are provided by Skegness rail station. Second Floor Reception Room Kitchen Bedroom Bathroom The property is subject to an Assured Shorthold Tenancy for a term of 6 months commencing 25th July 2025 at a rent of £575 per calendar month. When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor. Current Rating D Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.