Lot 16 - Top Floor Holiday Apartment With Sea Views For Investment

Guide Price* : £75,000 Plus A two-bedroom holiday apartment within close proximity of 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 Agent 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 will be 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