Property for Auction in South West - [Print Version]

Auction Date:

Thu 08/05/2025

Start Time

14:00

Property Type:

Residential Investments

Situated within the popular holiday park of Honicombe Park, is this well presented four double bedroom detached lodge with a decked area and a hot tub. There is the added benefit of on-site facilities including: a public house/restaurant, site reception, tennis court, gym, an indoor and outdoor heated pool, playgrounds, maintained grounds and on-site shop.

AUCTIONEERS NOTE

Please note, the property is subject to a holiday home restriction and cannot be used as a primary residence. Further information can be found in the legal pack. We have been advised that only a limited number of Lodges on the site have been permitted to install hot-tubs, which enhances the letting appeal of this Lodge considerably, particularly outside of the peak seasons. We are informed by the current seller that in the tax year 2023/2024, the property generated a gross income (after booking agent fees of approx. 24% deducted) of approximately £24,000. The occupancy in recent years has typically ranged from 30 to 39 weeks per year. The property is let for between £525 per week in low season and up to £1975 per week in high season. The current seller advertises on the Cottages.com and Airbnb platforms. There is potential to increase income by allowing more flexibility with check-in days, and shorter stays, or by using alternative agents or self-advertising. The current seller also informs us they currently have an external cleaning contract and linen change which is approximately £140 per change over. They have also stated that electricity typically costs approximately £70 to £170 per month. We are also informed that the site fees for 2024 for ground rent, site maintenance and insurance was £4,360. The 2025 figures are estimated at £4,512.

ACCOMMODATION

GROUND FLOOR Entrance Hallway Shower Room/W.C Living Room/Diner Fitted Kitchen Double Bedroom Double Bedroom FIRST FLOOR Double Bedroom Double Bedroom Family Bathroom

FULL DETAILS

Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

VIEWINGS

Please telephone Auction House South West on 03456 461361 to request a viewing.

NOTICE TO BIDDER

Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

Tenure

Leasehold. 999 years from 1 April 1988

Local Authority

Cornwall County Council

Solicitors

Adkirk Law Limited, Old Docks House, Ref:Adkirk Law Limited

Floor Plan

Location Map