• Size:
    Undisclosed
  • Usage:
    C2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

The Opportunity A ready-made investment of up to 12 Holiday Houses available in a single purchase with full inventory and trading history. The 12 properties are available as a whole, in clusters, or separately. The service charge through the Management Company includes staffing to welcome and provide general onsite services for guests. The purchaser may choose to retain the contract with Hoseasons, or to enter into a fresh contract with another provider, or deal with occupancy personally.r

* 12 Holiday Houses
* Available Separately Or In Clusters/Whole
* Award Winning Site
* Anticipated Yield For 2020 Is £366,000
* Fully Managed If Required
* Superb, Modern Contemporary Designs
* Secluded, Idyllic Cliffside Position
* Epc Ratings Dr

THE OPPORTUNITY:
A ready-made investment of 12 Holiday Houses available in a single purchase with full inventory and trading history.
Our clients will be extending the site with a phase 2 development comprising of a further 28 four bedroomed
properties and are making an additional planning application for leisure facilities. The improved access from the phase 2 development will be available for use from the buyer of the properties.
The 12 properties are available as a whole
DESCRIPTION:
The 12 units available are superbly designed houses sleeping between four and eight people in style and comfort. Each
house has an airy open plan living and dining area with comfortable sofas and contemporary furnishings.
Please refer to the purchasers pack for full information relating to the property including a schedule of photographs
and floor plans. The properties can let for at least 200 days per annum.
Each unit is provided with an excellent Wi-Fi system. The cabling is CAT5 and each unit has its own Internet box
PROPERTY TOUR:
Please follow this link Https://---.-------.---/embed/FtijfaZLgmQ?rel=0
ACCOUNTING INFORMATION:
The communal areas are managed by Towan Valley Management Company. Accounts for most recent years are
available for inspection and show that the average service charge per unit is circa £2500 per annum. This amount includes
staff costs and buildings insurance
ACCOMMODATION:
Unit one. Four bedrooms. Hot tub. Anticipated yield for 2020 is £38
THE PROPOSAL:
Our clients are seeking to sell their freehold interest.
They currently manage the site and promote the availability of units through Hoseasons
PRICE:
The asset is offered on the basis that each unit is freehold.
A Management Company is in place with regard to all communal areas around the freehold assets.
Guide price. £3 million or circa £250
BUSINESS RATES:
We refer you to the government website https://---.---.-------.---.--/view-my-valuation/search
which shows the current rateable value.
The purchaser should make their own enquiries however
LEGAL COSTS:
Each party to bear their own.
VALUE ADDED TAX:
We are advised that all properties are zero rated for VAT
ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Rating for these properties are as follows:
Unit 1: category D with a specific score of 64
Unit 2: category D with a specific score of 68
Unit 3: category D
CONTACT INFORMATION:
For further information or an appointment to view please contact either:-
Peter Heather on ------or via email pgh@miller-----------.--.-- or
Thomas Hewitt on ------or via email th@miller-----------.--.--
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold

Towan Valley is an award-winning site (Hoseasons Diamond Award Winner 2018 and Runner Up in the Cornwall category in 2019) and situated in a secluded and idyllic position on the eastern cliffs of Porthtowan just 8 miles to the north of the Cathedral City of Truro. The Resort is a short walk from the surfing paradise of Porthtowan beach