Holiday unit investment

This lot comprises a brick built mid terrace self-catering holiday bungalow. It is located at Tingdene Broadlands Park which has amenities including leisure club, bar, restaurant, marina, moorings and is set in eight acres. The property can be occupied throughout the year, the only stipulation being that it may not be a registered address. The property achieves a letting income of around £8,000 pa and can be let either privately or through the managed letting scheme run by the park. It is currently let through Hoseasons and managed by Tingdene. Weekly rents range from £669 in the low season to £1,250 in high season. It will be sold furnished, is double glazed and has electric heating. This would make in ideal investment and /or holiday home.

Tenure

Leasehold

Description

Accommodation

Open plan lounge and kitchen, inner hall, bathroom, two bedroms, balcony.

Outside

Communal parking and gardens.

Leasehold terms and conditions

Leasehold: 125 year lease from 2016. Occupancy: 12 months. Annual Ground Rent: £3,747.60 including VAT with effect from January 2018. This includes grass cutting, insurance, water, use of leisure facilities. No council tax is payable due to it being run as a business. According to the valuation office website, it has a rateable value of £600 with effect from 1st April 2017.

Viewing

Please call the Auctioneers - 01603 505100

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Waveney District Council. Tel: 01502 562111

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich, Norfolk NR8 6HW, Ref: Tracy Guest, Tel: (01603) 864331

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.