26 Towan Valley is situated on an award-winning site (Hoseasons Diamond Award Winner 2018 and Runner Up in the Cornwall category in 2019) in a secluded and idyllic position on the eastern cliffs of Porthtowan just 8 miles to the north of the Cathedral City of Truro.
The site has planning permission to create a new access road direct from the main road, and create additional leisure facilities which will be available in due course.
It Is a short walk from the surfing paradise of Porthtowan beach, one of only seven Blue Flag beaches in Cornwall and a Seaside award winning beach.
It Is sheltered in the valley with fields and cliffs providing a classic backdrop. The coastal hotspots of St Ives, Newquay and Falmouth are easily accessible.
Unit 26 is a superbly designed house which sleeps up to 6 adults in style and comfort. It has an airy open plan living and dining area with comfortable sofas and contemporary furnishings, all included in the sale.
It has an excellent Wi-Fi system with CAT5 cabling and has its own Internet box, and via the Management Company, the system control data protection, and anti-virus software. It was built in 2012.
The link to the website showing reviews which have a rating of 9.9 out of 10 satisfaction is https://www.cottages.com/cottages/porhellik-30157.
Our client uses the house sparingly, mostly for family and friends with some lettings generally just between April and October.
Net revenues since 2018 (after Cottages.com commissions of 18% plus VAT).
2018 £11,107 from 15 weeks paid occupation
2019 £13,635 from 20 weeks paid occupation
2020 £9,277 from 12 weeks booked already
Similar units on the Site turnover circa £35,000 pa.
Abridged Accounts are available on request.
A Management Company is in place with regard to all communal areas around the freehold assets. The cost (including buildings & contents insurance) is currently £2,500 per annum.
Average utilities cost over past three years £1,200 per annum. Housekeeping, turn around and welcome packs £2,300 per annum. Licences and PL insurance £240 per annum.
Unit 26 sleeps up to 6 adults.
Ground Floor Comprises:
Wooden floors throughout
First Floor Comprises:
3 Bedrooms (one en-suite with shower cubicle and toilet)
Bathroom (with shower over bath, wash hand basin and toilet)
Large decked area with terrace
Balcony and Parking
Guide price £260,000
The asset is offered on the basis that the unit is freehold.
It includes all furnishings and contents ready to let and benefits from future lettings and an ongoing contract with Cottages.com (cancellable 31st May annually). A purchaser may wish to continue with them or an alternative provider, once the annual contract ends.
We refer you to the government website
Although the property is subject to business rates when used for commercial letting, the current owner benefits from 100% rates rebate.
The purchaser should make their own enquiries however, we are advised that no business rates or council tax applies to this asset class.
Each party to bear their own.
Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.
Energy Performance Certificate
The Energy Performance Rating for this property is within Band D (66).
For further information or an appointment to view please contact either:
Peter Heather on 01872 247007 or via email email@example.com or
Thomas Hewitt on 01872 247025 or via email firstname.lastname@example.org or
Tom Smith on 01872 247013 or via email email@example.com
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.
AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.
VIEWING: Strictly by prior appointment through Miller Commercial.