A terrace of four cottages converted from a former coach house providing a superb residential investment opportunity. Currently run as a holiday letting business generating a gross income of £80,000pa.

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

Tenure

Freehold

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.

Accomodation

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. Fixtures, Fittings & Furniture All four properties are being sold as seen to include all furniture, appliances and contents.

Outside

To the front of each property is a landscaped courtyard garden.

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

Viewings

Strictly by appointment with the Auctioneers on 0845 400 9900

Energy Performace 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.

Condition 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.

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

East Riding of Yorkshire Council

Solicitors

Williamsons Solicitors, 16 Wellington Road, Bridlington, East Yorkshire, YO15 2BG, Ref: Richard Fairbank, Tel: 01262 678 128

Offered in association with

Dee Atkinson & Harrison

Additional Fees

Administration Charge - 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.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.