Two bedroom holiday unit investment

This lot comprises a brick built semi-detached 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 bungalow 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 £6,000 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 £250 in the low season to £600 in high season. It will be sold furnished, is double glazed and has electric heating. This would make an ideal investment and / or holiday home.

Tenure

Leasehold

Accommodation

Ground Floor: Lounge, kitchen, 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 and use of leisure facilities.

Note

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 Auctioneer – 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

Solicitors

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

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.

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