Description
An incredibly rare opportunity to acquire four apartments in and the freehold of a prominent building just a couple of hundred yards from the beach. Stunning coast and sea views. Entirety of the upper two floors. Gardens and grounds with parking. Long established Holiday Let Business with scope to reconfigure. EPC Bands D & F
Situation - Set along the Atlantic coastline within the highly regarded Seven Bays area, and an Area of Outstanding Natural Beauty, Harlyn Beach lies just a couple of hundred yards from the property. Renowned for its expansive sweep of golden sand and excellent surf, the beach is well served by year-round cafés, a surf school and seasonal lifeguards (April-September).
The nearby village of St Merryn provides a good range of day-to-day amenities including a convenience store, petrol station, primary school, church, public houses and restaurants.
The picturesque harbour town of Padstow is a short drive away and offers a wider selection of shops and supermarkets, together with renowned restaurants, watersports facilities and access to the Camel Trail with cycle hire available.
The Pig at Harlyn Bay is within walking distance via a nearby footpath, while Trevose Golf Club, with its championship links course, is situated just over a mile distant.
The Property - An outstanding opportunity to acquire the upper two floors of a landmark building, currently arranged as four holiday let apartments with fabulous views over the beach and out to sea. The property has been in the same ownership for over thirty years and the four apartments are operated as a long-established and successful Holiday Letting Business with significant scope to extend the operation.
The freehold of this detached building is also part of the purchase and is subject to the long leasehold interests of eight apartments and a basement, along with the surrounding grounds that include gardens, parking and a laundry building.
Yellow Sands has an interesting history and is believed to have been constructed in the early 20th Century as a residential home with latter uses including a Convalescent Home and small Hotel, followed by the initial conversion to seven flats in the late 1950's.
The Apartments - Approached via a communal entrance hall, stairs rise to the upper two floors, where the four Apartments are located.
Apartment 4 is a first floor two bedroom flat with balcony opening from the living area that enjoys a magnificent coastal panorama.
Apartment 5 is also on the first floor and offers two bedroom accommodation at the rear of the building
Apartment 6 is situated on the upper most floor at the front of the building and provides one bedroom accommodation with balcony and extensive sea views. On the opposite side of the hallway shared with Apartment 7 are two further bedrooms and bathroom.
Apartment 7 offers two bedrooms and has broad picture windows to the front and magnificent views
The Grounds - Surrounding the building are grounds that include parking, gardens and a useful laundry outbuilding. Of particular note is a pedestrian gate opening from the garden to a public footpath that allows easy access on foot over Sandy Lane to the beach.
Accessed by internal stairs is an extensive basement area, providing useful storage
Services - Mains electricity and metered water. Mains drainage via a pumped collection chamber that is shared with adjoining properties. The system is a dual pump style and has been adopted by South West Water. Mobile network signal ranges from none to good outdoor (Ofcom). Upto Superfast Broadband available (Ofcom)
Agents Notes - Apartments 1 to 3 and 8 are held by third parties on the remainder of 999 year leasehold interests from 1988 with a Ground Rent of £25 per annum,. Information on Service Charges are available from Stags
Some neighbouring properties have rights of way through the grounds to the rear gate. Restrictive Covenants are in place and further information can be obtained from Stags. Sections of the upper parts of the building are of non-traditional construction.
The Business - The vendor has operated a Holiday Letting Business for many years in Apartments 4,5,6 and 7. Many of the guests are repeat bookings and come direct to the vendors through yellowsandsholidays.co.uk. Accounts can be made available to interested parties following viewing.
Normal fixtures and fittings associated with this type of property are included in the sale and a detailed inventory of trade fixtures and fittings will be supplied prior to exchange of contracts. All prices are quoted exclusive of VAT, where applicable.
Outgoings - Apartments 4,6 and 7 have a Rateable Value of £13,000. Apartment 5 is in Council Tax Band B.
Viewings - Strictly and only by appointment through Stags Wadebridge Office on 01208 222333 or the Holiday Complex Department on 01392 680058
