For Sale via National Online Auction. Register to Bid!
Location
Tucked away in a quiet location, the properties are approached from a pedestrian access off Thorpe Street and are conveniently located only a short walk from the South beach, harbour, Spa theatre, and the Town Centre. Bridlington is a popular East Coast resort town offering an excellent range of amenities and good public transport connections.
Description
A terrace of four cottages converted from a former coach house providing a superb residential investment opportunity. Currently run as a holiday letting business generating a gross income of £80,000pa.
Londesborough Mews is a former coach house and stable building that was converted approximately 15 years ago into four individual, high-quality properties that can be used as permanent dwellings but have been run by the current owners as a very successful Holiday Letting business, generating a gross income of approximately £80,000 pa. (2 Year average).
The properties include a one-bedroom unit, a two-bedroom unit, and two three-bedroom units. All the properties were converted to a high standard and enjoy gas-fired central heating, full double glazing, and Kingspan insulation to the walls
Tenure
Freehold
Accommodation
Cottage 1 - The Tack House
Ground Floor: Hall, living/dining/kitchen, WC
First Floor: Landing, double bedroom, bathroom with shower and bath.
Cottage 2 - Chestnut Cottage
Ground Floor: Hall, large living/dining/kitchen, WC
First Floor: Landing, three bedrooms (two doubles and one twin), bathroom.
Cottage 3 - Shire Cottage
Ground Floor: Hall, large living/dining/kitchen, WC
First Floor: Landing, three bedrooms (two doubles and one twin), bathroom.
Cottage 4 - Farriers Cottage
Ground Floor: Hall, large living/dining/kitchen, WC
First Floor: Landing, two bedrooms (one large double with extra bed and one standard double), bathroom.
Fixtures, Fittings & Furniture
All four properties are being sold as seen to include all furniture, appliances and contents.
Outside
To the front of each property is a landscaped courtyard garden.
Services
Each property has a separately metered connection to gas, electric, water, and drainage but the services have not been tested. Heating is provided by a gas-fired boiler in each property. The properties are fully double-glazed.
Tenure
The property is understood to be freehold and offered with the benefit of vacant possession upon completion.
Business Rates & Council Tax
As the properties are run as a holiday let business they are rated for business rates as detailed below. The current vendors qualify for small business rate relief and therefore do not pay anything for the rates. Interested parties should make their own investigations as to whether they will also qualify for relief. Cottage 2 has recently been let on an AST and was assessed for Council Tax purposes.
No. 1 - £1,100
No. 2 - Council Tax band A
No. 3 & 4 - £2,250
Local Authority
East Riding of Yorkshire Council
Important Notice to Prospective Buyers
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.
Buyers Premium
A Buyer’s Premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
Administration Charge
The purchaser will be required to pay an administration charge of £1,200.00 including VAT subject to a minimum of 0.3% of the sale price including VAT
Disbursements
Please see Legal Pack for any Disbursements.
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- 9 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0845 400 9900 for more information
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