3 BED HOLIDAY BUNGALOW FOR SALE BY AUCTION 28TH - 29TH SEPTEMBER
Description
3 BED HOLIDAY BUNGALOW FOR SALE BY AUCTION 28TH - 29TH SEPTEMBER
FOR SALE VIA ONLINE AUCTION ON MONDAY 28th SEPTEMBER AT 1PM UNTIL TUESDAY 29th SEPTEMBER 11AM.
CONTACT FOR VIEWING ACCESS
Situated within the popular holiday park of Honicombe Park, is this well presented three double bedroom bungalow with outside seating area. 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.
Tenure
Leasehold. 999 years from 1 April 1988
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.
PLEASE NOTE No appliances have been tested by Auction House. Any measurements are approximate. We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place.
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Tenure: Leasehold
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
Buyers Premium Charge is a non-refundable £1,800 inc VAT payable upon exchange
Administration Charge
Administration Charge is a non-refundable £1,800 inc VAT payable upon exchange
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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- 3 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0345 646 2350 for more information
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