Prospect House Flat One
£235,000 ono : 2 bedroom apartment

Status: Available
Tenure: Leasehold

One of three spacious two bedroomed at present holiday apartments but could just as easily be individual homes. Situated in the centre of Hugh Town fronting a quiet backwater which is predominantly pedestrian and therefore a few minutes walk from all the towns amenities including the harbour of St. Mary’s.

Flat 1 is a second floor flat with views to the east through dormer windows across the rooftops to Buzza Tower and windows to the west looking inwards towards the town.
The accommodation has some restricted head eight and includes: Hall. Lounge / Dining Room. Well fitted Kitchen. Two Double Bedrooms. Bathroom with bath and shower.

Outside area reserved for bin store. To be sold with all furniture, furnishings, fixtures and fittings and forward reservations for the current season.

PROSPECT HOUSE FLAT ONE

From Well Lane an internal footpath leads to the rear of Prospect House where an external timber staircase then leads to the part glazed front door.

Hall Having a stone tiled effect vinylay covered floor. Two built in store cupboards.

Lounge / Dining Room 16’3” X 12’10” (10’4” in the dining area) There are windows both ends of this room and the dormer window looks out over Well Lane with views over the roofs to Buzza Tower. Wall mounted electric convector radiator. Ten power points. Television socket. Telephone socket.

Kitchen 14’4” X 7’0” Having a stone tile effect vinylay covered
floor. The floor cabinets and three drawer unit together with the matching wall units are all in a dark blue colour with a beech wood melamine working surface. There is a single drainer stainless steel sink unit and under counter fittings include a Hygena oven and four ring hob with extractor over. Indesit washing machine. Indesit dishwasher. Beko refrigerator. In addition there is a wall mounted fan heater. Five power points plus individual points for washing machine etc.

Inner Hall Leads to:
Bedroom 1 (at present a double bedded room) 8’7” X 10’4” (plus 7’0” X 4’4” forming the dressing area). Again the dormer window looking east with views to Buzza Tower. Built in wardrobe. Wall mounted electric convector radiator. Six power points.

Bedroom 2
(at present a twin bedded room) 8’0” X 10’4” (plus 7’0” X 4’4” forming the dressing area). Dormer window looking east with views again to Buzza Tower. Wall mounted electric convector radiator. Four power points.

Bathroom
11’5” X 5’8” Having a stone tile effect vinylay covered floor. Fittings include a low level w.c. Pedestal wash hand basin with wall mirror and fluorescent light/ shaver socket over. Panelled bath with Respatex wall panelling and a Mira electric shower unit. Full length wall mirror. Electric wall mounted towel rail. There is a built in tank cupboard housing the factory insulated copper hot water cylinder which is linked to an immersion heater and timer.

Outside There is an area reserved for bin store.

FURNISHINGS: All furniture, furnishings, fixtures and fittings as seen in the apartment are included in the sale price. Sufficient crockery, cutlery, glassware etc to cater for the number of persons advertised and to meet the Visit
Britain requirements.

SERVICES: Mains electricity, water and drainage are connected

ASSESSMENTS - RATES / COUNCIL TAX: At present Flats 1, 2 and 3 are assessed to one Rateable Value of £10,750 and rates payable on all three flats for the year 2017 / 2018 is £4820.79 including current transitional relief. When sold individually the flats will then be individually reassessed to either a rateable value or a council tax band subject to the use. Water / sewerage charge on each flat is £548.87

INSURANCE: Current total insurance premium £499.00 per annum to include Flats 1, 2 and 3.

HOLIDAY RESERVATIONS: Currently the Vendors together with Scilly Self Catering handle lettings whilst the Vendors themselves carry out changeover s and maintenance. Holiday reservations are continually being taken for 2017 and we are able to provide a list and rentals agreed to any seriously intending purchaser.

TENURE: The apartment will be sold on a 999 year lease at a non escalating ground rent of £50 per annum. A limited company will be formed and when all flats are sold each owner of a Prospect House apartment will, automatically, become a Director of the limited 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 be then made by owners in the following proportions: Flat 1 30%; Flat 2 30%; Flat 3 40%





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Flat 1, Propect House, Well Lane, St Mary's. TR21 0HZ


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

VIEWING STRICTLY BY PRIOR APPOINTMENT
ONLY THROUGH ISLAND PROPERTIES.

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.