Lot 226 is available for sale at Savills' to be held on 13th & 14th May 2025. The property comprises an investment freehold opportunity for sale. The asking price is £275,000, representing a gross initial yield of 17.85%. 7 & 9 Lumley Road is located in an excellent position within the main shopping area on Skegness’ busy Lumley Road. 7 Lumley - The property is held on a lease for a period of 6 years from 1st April 2021 at a rent of £17,500 per annum. 9 Lumley - The property is held on a lease to SENSE for a period of 5 years from 3rd April 2022 at a rent of £16,000 per annum. Each flat is held on an AST for a period of 6 months as follows; FLAT 2 – From 13th December 2023 at £100 per week FLAT 4 – From 9th June 2023 at £400 every 4 weeks in advance FLAT 7 – From 25th November 2023 at £100 per week FLAT 9 – From 1st July 2023 at £100 per week