Kessingland, Lowestoft

For Sale   £75,000

Sold STC 

Full Description

DESCRIPTION
PROPOSAL

The business consists of a small Holiday and Residential Site currently run by one person. The properties are all Freehold and individually privately owned. The limited company owns and maintains the communal grounds, car parking areas, paths and boundaries for the 45 holiday and 24 residential properties. Buildings include site office and store, a brick and tile building with double glazed windows and doors comprising:-



Office, 2.25m x 2.88m

Machinery store with double doors to side, 2.72m x 2.82m

Rear store room, 1.90m x 0.94m

Cloak room, 1.90m x 0.91m



To side a separate store/electric meter shed of brick and concrete block construction under a felt flat roof, 4.58m x 1.50m.

Overall the grounds extend to 1.21ha (2.99 acres) or thereabouts.



Each property has a deed of maintenance contract running for a period of 80 years from the 27th September 1985. The amount paid is adjusted by the annual increase in the retail price index each year on the anniversary of each agreement. Also upon change of ownership of the properties the new owners are obliged to enter into a new updated agreement with the grounds maintenance company.



In addition the business deals with the water rates for all of the properties and the electricity supply for 18 of the holiday cottages.



The purchase price includes the following items of machinery.



John Deere X320 48” cut Ride on Lawnmower, approximately 670 hours on the clock, purchased 17.08.07. New cutting deck fitted approximately 5 years ago. Note: Original deck is still on site and useable.



Stihl HS 45 24” Hedge Cutter, purchased 04.07.12.



Stihl Chainsaw MS 170 12”, purchased 18.12.08.



Robin NB 2100 Strimmer with Brush Cutter Blade attachments, purchased 20.04.07.



Garden QGMC Long Reach Hedge Cutter/Strimmer/Brush Cutter, purchased second hand (as new), May 2016.



Self-Propelled Hand Mower 16” cut, purchased second hand April 2016.



Various hand tools.



TURNOVER

The turnover for the year ending 31st March 2017 was £48,749.



NOTES

1) The site was developed in 1980 &1981.

2) The accounts for the last three years will be made available to interested prospective purchasers.

3) Mains water, electricity and drainage are connected to the office.



LOCAL AUTHORITY

Waveney District Council:- Riverside, 4 Canning Road, Lowestoft, NR33 0EQ. Tel: 01502 562111.



VIEWING

By arrangement with the agents Beccles office.



E: nicholas.rudge@durrants.com



Contacts:

Nicholas Rudge

01502 712122






VAT
VAT

Should any sale of the property or any rights attached to it become a chargeable supply for the purpose of VAT such tax shall be payable by the purchaser if levied by Customs & Excise in addition to any monies to be paid during the course of the sale.


LEGAL COSTS
LEGAL COSTS

Each party to bear their own legal costs in this transaction.


VIEWING
By arrangement with the agents Beccles office.




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Location

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Use the link below:

Or contact the Harleston office:

01379 851038
32-34 Thoroughfare
Harleston
Norfolk
IP20 9AU
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