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

Property details provided by Rook Matthews Sayer
EPC rating: E, E, E and E
Council Band: D
Tenure : Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 July 2024 OPTION 1

Turnover
1st Jan 2022 – 31st Dec 2022 £74,920
1st Jan 2023 – 31st Dec 2023 £65,573
1st Jan 2024 – 31st Dec 2024 £51,930.08
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.

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
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 sellers 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 £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided electricity, water and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 16Mbps the fastest package at this postcode: NE68 7RW and mobile coverage is provided by EE (limited indoor), Three (limited indoor), 02 (limited indoor and no data indoor) and Vodaphone (limited indoor and no data indoor)