Holiday park located in a unique position overlooking the beach at Seaton with panoramic sea views. Ground floor owners’ premises comprising a 1 bed 4* apartment. At first floor is a 3 bed residential apartment with panoramic sea views. 25 privately owned apartments.
LOCATION The property has a unique location along the quiet coastline of South East Cornwall between Whitsand Bay and Looe. The Holiday Apartments are located within the seaside village of Seaton and the property is within walking distance of the village amenities including public house, bistro, café, the beach and Seaton Valley Country Park and Nature Reserve.
The adjacent village of Downderry (1 mile away) provides a primary school, village hall, village shop/post office, the Inn On The Shore public house, doctors’ surgery, coffee shop and the Blue Plate restaurant. Further amenities can be found nearby at the harbour town of Looe (5 miles) with secondary school, supermarkets, dentist, shops and a fish market along with moorings and slipways for boating and sailing which makes it extremely picturesque and popular with tourists.
Plymouth being the commercial centre of the area is 18.5 miles away and is accessed by the A38 and the Tamar Bridge or the Torpoint ferry. Plymouth city has theatres, cinemas and shopping centres as well as the national aquarium and The Hoe made famous by Sir Francis Drake.
BUSINESS The owners asset include the parks freehold, the residential apartments, planning permission for a penthouse apartment, a holiday letting apartment, office stores, commercial laundry, guest laundry, reception lobby and workshop together with two businesses for letting and the property services.
As with many holiday letting businesses, the business is a managed park. 25 apartments are privately owned and the main benefit for the park owner is that they are not responsible for any overheads or maintenance costs as these are privately owned. The apartment owners benefit from having their apartments managed and rented and having use of the apartments when required.
The property has been in the same ownership since 2003. The east wing apartments were built in 2009 and the older west wing has been renovated and refurbished.
On the park there are 25 privately owned apartments plus the two owners’ accommodations.
The properties range from ground and first floor apartments to houses and duplexes and are either 1 or 2 bedroom units. Most of the apartments are rated by Visit England as 4* or 4* Gold. The holiday letting apartments are promoted via the businesses own Website and various internet advertising.
The website is currently being upgraded to incorporate an online booking system which will allow guests to book directly via the internet.
Each of the 27 units on the site pay an annual service charge of approximately £1,600 plus the ground rent. Currently the park owners choose to undertake the management of the holiday house cleaning services which include cleaning and laundry.
Income from the apartments is produced from a number of income streams including the rental income from the owned apartment (No. 17), the letting commission from the 25 apartments, from the laundry and cleaning services plus the management for the service charge and the ground rents.
THE PROPERTY UPVC double glazed entrance porch with frosted double glazed door leading into:-
Hall with wooden painted doors to rooms. Access to roof void.
Sitting room accessed from hall. UPVC double glazed patio door leading out onto balcony with beach and panoramic sea views with chrome and glass balustrade. Painted wooden door into:-
Kitchen with fitted wooden wall and base cupboards, roll top work surfaces with inset 1½ bowl sink unit. UPVC double glazed window to front with panoramic beach and sea views. Bosch ceramic hob. Built in Stoves electric cookers. Spotlights. Ceramic tiled floor. Plumbing for dishwasher.
Bedroom 1 accessed from hall. UPVC double glazed door and fitted full length window to front with panoramic beach and sea views giving access onto the front balcony. UPVC double glazed window to side.
Bedroom 2 accessed from hall. UPVC double glazed window to rear overlooking Seaton Valley Countryside Park and the river. Built in wardrobe.
Bedroom 3 accessed from hall. UPVC double glazed window to rear overlooking Seaton Valley Countryside Park and the village.
The dining room has a UPVC double glazed window to rear overlooking Seaton Valley Countryside Park and the village.
Bathroom accessed from hall. White suite of wall mounted wash hand basin, close coupled WC and panelled bath with shower over. Chrome heated towel rail radiator. UPVC frosted window to side. Built in cupboard.
HOLIDAY LETTING APARTMENT NO.17 Ground floor apartment rated by Visit England as 4* and sleeping 2 providing:- Sitting/dining room with UPVC double glazed window and glazed door to outside with panoramic sea and beach views. Leather style sofas, electric radiator, electric living flame electric wall mounted fire. Flat screen TV, DVD player, Sky TV box, modern electric heating with built in digital timer.
Hall with built in cupboard and modern electric heating with built in digital timer giving access to the bedroom and shower room.
Kitchen accessed from hall. Wall and base cupboards, roll top work surfaces with inset stainless steel 1½ bowl sink unit, electric cooker and hob. Microwave oven. Fridge/freezer.
Bedroom accessed from hall. Modern electric heating with built in digital timer. UPVC double glazed window to rear.
Shower room with modern white suite of close coupled WC, wash hand basin in vanity unit with cupboard below. Corner curved double shower cubicle with electric shower. Chrome heated towel rail radiator. Electric radiator.
Tiled ceiling. Frosted UPVC double glazed window to rear. Outside Patio area with seating to front with beach and panoramic sea views.
LEISURE FACILITIES Reception Office 4.50m x 2.54m (14’8 x 8’4) recently refurbished in 2016 with suspended ceiling with fluorescent lighting. UPVC double glazed window to front and UPVC double glazed door leading to outside. Two telephone broadband lines. Double pedestrian door leading into store 4.47m x 1.80m (14’7 x 5’11) suspended ceiling with built in fluorescent lighting and a range of shelving.
Hall accessed from office via original glazed wooden door. Original heavy door leading to outside. Frosted UPVC window to front. Kitchen 2.58m x 2.18m (8’5 x 7’1) recently fitted (2016) modern wall and base cupboards, plumbing for automatic washing machine. Original wooden door into cloakroom. Low level WC. Frosted window to side.
Inner hall leading to laundry and original wooden door into:-
Store 2.54m x 1.51m (8’4 x 4’11) suspended ceiling with built in fluorescent lighting and a range of shelving.
Commercial laundry 4.23m x 2.22m (13’10 x 7’2) UPVC double glazed window to rear and frosted UPVC double glazed window to side. Sink unit. Two commercial Bosch washing machines and three Siemen tumble driers.
Linen store 4.23m x 2.88m (13’10 x 9’5) UPVC double glazed window to rear. Range of shelving. Roller iron. Extras for the apartments
GUEST AMENITIES Guest lobby 6.43m x 2.07m (21’0 x 6’8) range of tourist information leaflets, nonslip flooring, DVDs and books. Inner hall with pay phone and door to the commercial laundry and door into cloakroom with low level WC.
Wooden door to guests’ laundry 2.38m x 1.85m (7’10 x 6’0) UPVC double glazed window to rear and side. Two coin operated automatic washing machines, and two coin-operated tumble driers.
OUTSIDE To the front of the property are lawned gardens with flower and shrub borders and two ornamental ponds. At the front there is an infant’s play area, timber wendy house, swings and sunken sand pit. There is an asphalt driveway leading to the office and round to the rear of the property.
At the rear of the property is a car park laid to asphalt with 27 allocated spaces for the apartments with new timber fencing along with bin storage.
Workshop 4.90m x 2.60m (16’0 x 8’6) two storey building with power and lighting and a mezzanine storage area accessed via wooden staircase with double glazed window to side.
There is a small plot of land adjacent to the car park with potential for development. The property is set in approximately 1.40 acres of gardens and grounds.
METHOD OF SALE The property is offered by private treaty, inclusive of trade inventory including fixtures and fittings in the holiday letting apartment number 17 and in relation to the business excluding any personal items.
TENURE Freehold. It should be noted that there is a right of way across the driveway to the adjoining owner’s land.
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