Flat 5 Spanish Ledge
Isles of Scilly
£245,000 or nearest offer
Leasehold: 999 years from 25 03 1992
An opportunity to purchase a holiday flat situated in the centre of Hugh Town close to the harbour, beaches and all amenities.
Spanish Ledge is an imposing granite property which was built originally as two houses we think towards the end of the 1700s early 1800s.
In more recent years, first one house was converted into a guest house and then the other. In 1987 the then owner converted half the property into holiday flats and followed this up in 1988 by converting the other half. Therefore for the past 34 years the eight flats have been most successfully operated and let, predominantly as holiday lets whilst some are permanently occupied on long term tenancies.
Avona is a second floor flat with a southerly aspect, it is located to the rear of Spanish Ledge so the bedroom and lounge enjoy sunshine virtually all day.
The flat presently has holiday reservations for the current holiday year producing a gross income of £21,650.00 Avona is in immaculate order so virtually no input is required to enable the successful lets to continue uninterrupted.
Avona is situated on the second floor and approached from Silver Street. Two external staircases lead to a communal hallway and then the front door into:
Hallway Coat hanging space. Airing cupboard housing the factory insulated hot water cylinder and immersion heater. Cupboard housing the electric meter, fuses and Wi Fi router.
Lounge / Dining Room / Kitchen 17’0” x 10’6” average. Four power points. South facing UPVC double glazed window.
Kitchen Area Having a vinylay covered floor, well fitted with beech wood units complimented by laminated working surfaces in a simulated marble finish. Units comprise a recessed single drainer stainless steel sink above cupboards and a range of double wall units including shelving. Wall tiling between the units. Electrical fittings include LEC refrigerator. Indesit integral electric cooker including a ceramic four ring hob. Five power points. Electric cooker point. Triple down lighter to the ceiling.
Bedroom 9’9” x 9’1” Having a dressing table shelf and mirror with fluorescent light over. Six power points. South facing UPVC double glazed window.
Bathroom With fully tiled walls and floor. Fitted with a panelled bath with Mira Vie electric shower over. Low level w.c and pedestal wash hand basin with illuminated mirror. Shaver socket. Dimplex wall mounted electric fan heater.
Under eaves owners lockable storage cupboard.
FURNISHINGS: The purchase price includes all furniture, fixtures and fittings sufficient to enable an owner to continue the letting of the property to accommodate the number of persons advertised
SERVICES: Mains electricity, water and drainage are connected.
ASSESSMENTS: The property is assessed to a commercial rateable value of £2,600 for the year 2021 – 2022
The eight owners of Spanish Ledge Flats each have an equal share directorship in “Spanish Ledge Management Committee Ltd” which owns the freehold and contribute a yearly payment to be spent as agreed on general maintenance and repairs. The current annual payment is £600.
Spanish Ledge is insured as one unit. The insurance premium is divided between the flats in accordance with the floor area occupied. Flat 5 contributions for the year 2021/2022 being £328.73
TENURE: Flat 5 is conveyed on a 999 year lease commencing on 25th Marcxh 1992 at a nominal ground rent per annum.
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.