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. They are also being sold fully furnished.
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.
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.
Outside
To the front of each property is a landscaped courtyard garden.
Fixtures, Fittings & Furniture
All four properties are being sold as seen to include all furniture, appliances and contents.
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
Strictly by appointment with the Auctioneers on 0845 400 9900
Energy Performance Certificate
The EPC's will follow.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 22nd January 2024 and closing on Wednesday 24th January at 1.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer’s offices, with the solicitors and on-line at auctionhouse.co.uk/hullandeastyorkshire, prior to the date of the auction.
Additional Fees
The purchaser will be required to pay an administration charge of £900 (£750 plus VAT) subject to a minimum of 0.3% of the sale price including VAT and a buyer’s premium of £600 (£500 plus VAT) in addition to the purchase price of the property.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Online bidding
If you want to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process: youtube.com/watch?v=ImXr4HXR36c
