Moonrakers Flat 6
£189,950 : 1 bedroom apartment

Status: Available
Tenure: Leasehold

Full description

Well known and well respected by thousands of holiday makers over the years is the small and privately owned group of holiday apartments collectively called “Moonrakers”.

Moonrakers Apartments are situated adjacent to St. Mary’s Garrison and very close to the famous Garrison Gateway. Standing approximately seventy feet above St. Mary’s Harbour and the main town all apartments (with the exception of one) have panoramic views across the town and harbour and / or across the Garrison, Porthcressa Bay and Penninis headland. Nestling, as Moonrakers does, below the sixteenth century Garrison wall it occupies a peaceful location when compared with the nearby main street of Hugh Town. The amenities that Hugh Town has to offer including St. Mary’s Harbour are all within a few moments walk.

The original property was built as a private house in 1955. In 1961 additions were made and the property was run as a Guest House. At a later date the Guest House was converted into six self catering apartments and in 1970 the Owners added their own self contained adjoining accommodation. Finally in 2010 planning permission was obtained to extend the use of all the holiday apartments to full time residential occupation.

Over the years the Owners have run a well respected and very successful self catering business. However to aid in their retirement it has now been decided that five of the six apartments will be placed on the open market hence this unusual opportunity to purchase one of these properties.

The family have decided to retain one of the apartments for themselves and Mr. & Mrs. Gregory will continue to live in their home adjoining.

The Owners have been meticulous in their yearly maintenance and regularly re-decorate and improve facilities. One of their latest improvements is the installation of double glazed windows in hardwood frames.

There are mature gardens to the front and rear of the property thoughtfully laid out with granite walls and steps showing off the sloping site to its greatest advantage.

The accommodation of the individual apartments is as follows:

Flat 6 Moonrakers

This is a ground floor flat approached across the patio at the side of the building via the porch and inner hallway. A front door then leads directly into:

Living Room 15’7” X 11’9” With views across the Owners’ private garden. Two power points. Television aerial socket.

A door leads to:

Inner Hallway off which are:

Kitchen 8’10” X 7’4” Having a vinylay covered floor and part tiled walls and fitted with floor and wall cabinets, the floor cabinets have an ivory coloured melamine finish set off by a wooden feature s trip and handles. Fittings include a single drainer stainless steel sink unit. Under counter refrigerator. Oven / grill and four ring hob. Electric ventilation. Five power points. Floor to ceiling built in storage cupboard which houses the electrical distribution board. Four power points.

Bedroom 12’8” X 11’11” maximum (9’0” minimum). Furnished as a double room with garden views. Having a vanity basin with fitted drawers, wall tiling , mirror , fluorescent light / shaver socket over. Fully tiled shower cubicle with bi-fold glazed doors and a Mira Sport electric shower unit. Electric ventilation. Built in wardrobe. Three power points.

Separate Toilet Fitted with low level w.c.

GENERAL INFORMATION APPLICABLE TO ALL APARTMENTS

All Owners will have rights of way across the garden pathways and driveway to the property including a large paved patio to the side of the house where areas are set aside for bin storage and clothes drying. Reached via this patio is a communal laundry room fitted with a coin operated automatic washing machine and a coin operated tumble dryer. Additionally there is a porch which serves as an approach to Flat 6 known by the Owners as the “Milk Porch” which is a communal area for trade deliveries.

FURNISHINGS All furniture, furnishings, fixtures and fittings as seen in the apartments are included in the sale price sufficient to cater for the number of persons advertised and to meet Visit Britain requirements.

SERVICES: Mains electricity, water and drainage are connected

ASSESSMENTS: Moonrakers is currently assessed for rating purposes as one unit. Individual sales will result in individual rating assessments being made by the Local Authority either on the basis of a Rateable Value for a holiday let or Banded if the apartment is to be used as a full time residence.

Whichever charge is eventually made the sums of £210 water charge and £130 sewerage charge will be added to each.

HOLIDAY RESERVATIONS

The property is registered with Visit Britain and each apartment has been awarded a classification of three stars. Currently Island Properties handle lettings for the Owners whilst the Owners themselves carry out changeovers and maintenance.

Holiday reservations are continually being taken and we are able to provide a list of reservations and rentals agreed, together with a brochure of Moonrakers, to any seriously intending purchaser. An intending purchaser will be expected to honour all reservations taken by the Vendors and to continue with the management agreement with Island Properties for lettings and general management at least until such time as all flats have been sold.

TENURE: The apartments will be sold on 999 year lease at a non escalating ground rent of £50 per annum. A limited company will be formed and when all the flats are sold, each Owner of a Moonrakers apartment will, automatically, become a director of that company. The freehold will be transferred to that company immediately the last flat has been sold. It is then usual for all owners to meet on an annual basis to discuss the level of maintenance required during the forthcoming year and the continuance of the property insurance. Individual contributions will then be made by owners in the following proportions:

Flat 1 18%

Flat 2 21.2%

Flat 3 15.2%

Flat 4 14.3%

Flat 5 16.6%

Flat 6 14.7%






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Map Please Note: The map is intended as a guide only and
the precise accuracy of the property cannot be guaranteed

Moonrakers Flats, Garrison Lane - TR21 0JD




The information given in these particulars is intended to help you decide whether
you wish to view this property and to avoid wasting your time in viewing
unsuitable properties. We have tried to make sure that these particulars are accurate,
but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would
be prohibitive and we do not wish to unnecessarily add to the cost of moving house.

Once you find the property you want to buy, you will need to carry out more
investigations into the property than it is practical or reasonable for an estate agent
to do when preparing sales particulars. For example, we have not carried out any kind
of survey of the property to look for structural defects and would advise any homebuyer
to obtain a surveyor’s report before exchanging contracts. If you do not have your own
surveyor, we would be pleased to recommend one. We have not checked whether any
equipment in the property (such as central heating) is in working order and would
advise homebuyers to check this. You should also instruct a solicitor to investigate
all legal matters relating to the property (e.g. title, planning permission etc.) as these
are specialist matters in which estate agents are not qualified. Your solicitor will also agree
with the seller what items (e.g. carpets, curtains, etc) will be included in the sale.