Lot 9 Holiday Apartment For InvestmentAuction Date:
13th December 2023
1105 Westbeach Resort Holiday Park Resort, Bath Hotel Road, Westward Ho!, Bideford, Devon, EX39 1LE
A two-bedroom holiday apartment, with partial sea views, within close proximity to Westward Ho beach. This modern development is located on Bath Hotel Road and is easily accessible for local shopping and amenities on Nelson Road. Bideford town centre is approximately three miles south along the B3236 and A386 road links.
Accommodation
Entrance hall, open-plan living room/kitchen, two bedrooms, bathroom with W.C. and balcony.
Outside
Allocated parking space.
Auctioneer's Note
We have been advised by the Managing Agents that the holiday letting income is generated from a collective rental pool of all the holiday apartments in the development and is split between each unit, which is a service offered by the managing agent. Further details can be found within the legal pack which is available to download from the Clive Emson website.
Tenure
Remainder of a 125-year lease from 15th February 2012 at a current ground rental of £800 per annum.
Holiday Lettings
We are advised by the seller that between July 2021 and July 2022 the income generated from the holiday lettings was approximately £20,000 per annum and from September 2022 to September 2023 the income generated from holiday lettings was approximately £29,000. Interested parties should make their own investigations to verify the rental income.
Leasehold with Vacant Possession
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
