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Lot 19

6 Week completion

SITUATION

Part of the resort town of Hornsea within 250 yards of the Sea Front and Beach and close to shopping and entertainment facilities.
Hornsea is approx. 13 miles from the attractive market town of Beverley, 44 miles from York and 16 miles north of Hull which is designated the UK City of Culture 2017.

PROPERTY

Occupying a level trapezium shaped site (approx. 1.65 acres) with lawned areas, footpaths, roadway and car park for 18 vehicles and comprising 28 detached Chalets (each approx. 328 sq ft) plus one empty plot.
Each Chalet is single storey and built of cedar clad timber with set in uPVC windows, full-length patio sliding doors and a felted tile effect sloping roof.

VAT is NOT applicable to this Lot

FREEHOLD

PLANNING

Planning Permission is granted for the permanent siting of 29 Holiday Chalets to be occupied for holiday purposes only.

Note 1: Planning Consent (now expired) was granted in April 2010 for 7 extra chalets.

Note 2: Outline Planning Consent (now expired) was granted in 2013 for a residential development of the entire site, for the erection of 25 two storey detached and semi-detached dwellings.

Note 3: There are non-recoverable expenses provided by the Freeholder, i.e. electrical repairs, general maintenance, grass cutting, warden and Public Liability insurance. For year ending 30th September 2016 this equated to £8,892. (This figure has been based on the Accounts for the 9 months to 30th September 2016).

Note 4: Each 2009 Chalet Site Licence Agreement and 2012/2013 Lease provides that, on selling the Chalet, 15% + VAT of the selling price plus a one-off block fee of £3,000 is payable to the Freeholder. Since 2009 five such Transfers have taken place, on which the Freeholder only demanded the £3,000 fee.

Note 5: Nine of the tenants have been in occupation for over 6 years and there are rarely any arrears and currently there are none.

Note 6: There is one Rateable Assessment on the entire property, with a Rateable Value of £9,400, which is paid by the Freeholder and 100% recovered from the Lessees.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

Golden Imp Chalet Park, Cliff Road, Hornsea, East Yorkshire HU18 1JR