Villa in Bridlington, Yorkshire

United Kingdom, Yorkshire, Bridlington

£114,990
This property is not currently available. It may be sold or temporarily removed from the market.

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PROPERTY DETAILS

Ref: 140114_UKBRIV199

Bedrooms: 2

Floor Space: 33.8m2



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Two spacious bedrooms, one fitted bathroom
Fitted kitchen, heating, terrace, Jacuzzi bath
Excellent on-site facilities, close to the beach
8% net rental yield assured for up to 10 years


Property overview:
Spotblue.com is pleased to present these next-generation Bridlington vacation lodges for sale, offering comfortable accommodation, stunning scenery and outstanding assured rental returns.
What is Bridlington, Yorkshire like?
A quintessential British seaside town, Bridlington has award-winning promenades, with a historic harbour and miles  of sandy beaches. Home to various attractions, cafes, restaurants, and pubs. You can also visit Sewerby Hall which is a grade one listed building that has beautiful landscaped gardens.
It is one of the safest places to live in the UK and one of the best-kept secrets in Yorkshire. Beverley's historic market town is located only seventeen miles away. Finally, one of the finest courses in Yorkshire is at Bridlington Golf Club.
Where are these lodges in Bridlington, Yorkshire?
Within a two-minute drive, you can hit a lovely dog-friendly beach, and there is a great golf course nearby, plus Bridlington is home to numerous attractions, cafes, restaurants and pubs.
They are located 12 miles from Filey, which has been voted one of the world's top 10 beaches. These lodges are just 3 miles from Bridlington's centre, where you will find, shops, places to eat and drink as well as local amenities.
What are the lodges like?
There is a choice of 41 two and three-bedroom lodges, all of which come with a decking area, large hot tub and fully furnished - ready to let.
The two-bedroom lodges sleep six (master and twin rooms), and the three-bedroom lodges sleep up to eight people.
They have wall-mounted flat screen smart TVs, fitted wardrobes and storage. A luxury bathroom has both a full bath and a shower. The fully fitted kitchen includes a dishwasher, washer/dryer, fridge/freezer, oven and hob. In the lounge: a large 5-seater corner sofa doubles as a sofa bed, wall-mounted 40 inch flat screen smart TV, dining table, chairs, and patio doors open to the decking area and hot tub. Gas central heating provides comfort and warmth in all weathers.
Finally, all of these homes are pet friendly, and some of these lodges have disabled access.
What is the resort like?
Residents can enjoy a fantastic range of social and lifestyle amenities on-site, which include a large clubhouse with an outdoor pool, table tennis and pool room, a children's outdoor play area, and a games console room.
There are also relaxation areas, a cinema room, a fully equipped gym and cardio suite, landscaped gardens, lake and picnic areas, a BBQ area with decking, sun loungers, and tables.
There is also a manager's office, a gated entrance, CCTV and 24-hour security to give you complete peace of mind.
Property summary:
The UK holiday and leisure sector is already becoming the unquestionable new rising star of the investment sector for institutional funds.
Purchasing an income investment lodge allows private investors hands-free access into this stable and lucrative market place.
These lodges offer excellent value for money and are situated in a beautiful area; are just some of the benefits of purchasing and investing in these properties:
8% pa for 10 years RPI linked.
It is secured through a 250-year leasehold title registered at UK land registry.
Tax-free income for a number of years through Furnished Holiday Let tax breaks.
Owner “Put Options”; at years 5, 7 & 10 for 105%, 107% & 110% respectively.
Free to on-sell the lodge at any time, for any price, to anyone.
Mortgages available to UK and International investors.
Each lodge on average generates between £35,000 to £45,000 per annum at 80% occupancy.
All Operational Costs inc ground rent and service charge equates to circa 54% of the gross rent.
After all costs lodges net £16,000 to £21,000 per annum.
Annual investor 8% rental payment ranges from £8,800 to £10,400.
After investors, rental payments are made these lodges generate a substantial operating profit from each lodge. This gives us a huge vested interest to make sure the retreats are operated correctly and efficiently.
At occupancy levels of circa 50% rental payments are sustainable and the venture is still making an operating profit.
The average UK hotel occupancy level in 2019 was 77%.
Lodge prices:
Two bedroom lodges, from 33.8m2, plus terrace, priced from £114,990.
Three bedroom lodges, 45.8m2, plus terrace, priced from £134,990. (Click here: UKBRIV200)

  • Bathrooms:1
  • Floorspace:33.8m2
  • Distance from the lake:5 minute walk
  • Nearest airport:Humberside Airport

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