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Established Four Self Contained Holiday Cottages In Seahouses For Sale

Seahouses, Northumberland, UK
Asking Price:
£600,000
Turnover:
£65,573
Net Profit:
Available on request

Cliff House Holiday Cottages, Crewe Street, Seahouses, Northumberland NE68 7RW

Four self contained holiday cottages. Presented to a high standard. Private carpark & court yard. Ideal investment opportunity. Popular tourist coastal location. Recently undergone a full refurbishment. 50 Meters from the harbour. Turnover £74,920 per annum (2022). Turnover £65,573 (2023). Huge scope to increase turnover. EPC rating E/E/E/E

Auction Guide Price £600,000 +

Ref I014

Live Auction on Thursday 27th June 2024 - Option 1 For Sale by Auction. Terms and Conditions apply.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2,000+VAT (total £2,400)

Property Information

Property:

Freehold

Location:

Set in a small Court Yard Cliff House Cottages occupy a prime position off Crewe street just 50 meters from the Harbour in the heart of Seahouses. Seahouses is a large village on the North Northumbrian Coast an area of outstanding natural beauty, and is approximately 12 miles north of Alnwick and 4 miles from Bamburgh Castle. It is a working fishing port which also serves the tourist trade in the embarking point for visits to the Farne Islands where tourists go to see Puffins and Grey seals. There are a range of amenities in the village
including shops, amusements, takeaways, restaurants, public houses and an 18-hole golf course.

Premises Details:

The Business
The cottages are let throughout the whole year and are extremely popular with guests, with a high level of repeat bookings.

Property Description
The cottages are accessed through a stone archway which leads onto an open plan cobbled court yard where located are the four cottages arranged within a terrace. All the cottages have recently undergone a full refurbishment and are well decorated and furnished, providing amenities including electric heating, double glazing, sofas and TV freeview. Each has a fully equipped kitchen including electric cooker & ceramic hob, fridge /freezer, electric
kettle, microwave, crockery, cookware and utensils. A functional fully tiled shower room with toilet and whb in each. The pretty courtyard provides off street parking for
each cottage, and a picnic bench each which is a very popular facility for guests. A communal laundry room for guests use includes washing machine, tumble drier, steam
Iron/Ironing board, vacuum cleaner and to the rear is a lockable store room used for housekeeping and maintenance.

Turnover
1st Jan 2022 – 31st Dec 2022 £74,920
1st Jan 2023 – 31st Dec 2023 £65,573
1st Jan 2024 – To Date 20th May £43,992

Our clients have held back listing on booking.com/Airbnb as the cottages were under refurbishment and they were considering placing them on the market. This would have
caused issues to transfer bookings from Airbnb based on their experience of selling holiday lets in the past. There is therefore untapped potential for any new owner to increase the revenues further. They have another cottage within close proximity where the split is circa 70% Airbnb, 20% online booking agent and 10% direct/website.

Cliff House Cottage No 2
Two Storey Cottage – 40.62 sq. m. (437.23 sq. ft.)
Ground Floor - Lounge, kitchen, diner, and shower room
First Floor - Spacious bedroom with double bed.

Cliff House Cottage No 3
Single Storey Cottage – 22.21 sq. m. (239 sq. ft.)
Lounge/kitchen/diner, double bedroom and shower room.

Cliff House Cottage No 4
Single Storey Cottage – 32.29 sq. m. (347.56 sq. ft.)
Spacious lounge/kitchen/diner, double bedroom and shower room.

Cliff House Cottage No 5
Single Storey Cottage – 8.16 sq. m. (87.83 sq. ft.)
Laundry room.

Cliff House Cottage No 6
Single Storey Cottage – 32.01 sq. m. (344.55 sq. ft.)
Spacious lounge/kitchen/diner, double bedroom and
shower room.

Tenure
Freehold

Title Numbers
ND76863 / ND211724

Viewing
Strictly by appointment through this office.

Auction Guide Price
£600,000 +

Rateable Value
The 2024 Rating List entry is Rateable Value £6,200

Auction
Live online auction, bidding starts Thursday 27th June 2024, terms and conditions apply, see website www.agentspropertyauction.com

Legal Pack
For a full legal pack on this property please contact: The Agents Property Auction: 01661 831360

Energy Performance Rating:
E  View EPC Graph for this property

Other Information

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