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3 bedroom flat for sale

Cottage 1 Gara Rock, East Portlemouth, Salcombe, Devon

£575,000

Property Description

Key features

  • Stunning Coastal Setting
  • Sea Views from every Property
  • Apartments and Cottages
  • Indoor and Outdoor Pool
  • Restaurant
  • Fully Managed
  • Sold on a Leaseback system with 4% Guaranteed Income

Full description

Tenure: Leasehold

These lovely cottages are in a sheltered area of Gara Rock close to the outdoor swimming pool and have large terraces leading to communal lawned area.

They are offered on a 5 year 4% net of all costs, leaseback system with 6 wonderful weeks of own use.

Finished to the highest specification and complemented by some amazing sea views, they curl around the hillside, cleverly designed so each one faces directly out to sea with uninterrupted sea views from the principal living space and the master bedroom.

They all come with a private terrace or balcony and have either a two or three bedroom layout, with en-suites to the master bedroom, family bathrooms, and come fully fitted, equipped and furnished.

They are full residential with no restrictions and benefit from private parking and the use of the onsite facilities which include; an indoor and heated outdoor swimming pool, steam room, sauna and a locally renowned restaurant and concierge service.

Add a picture-perfect beach off the tourist trail on your doorstop and you’ve found your very own holiday paradise. So, if you’re looking for your own bolt-hole or a second home with letting income, a property at Gara Rock is the perfect choice. The unique secluded setting, together with a fully managed service, you can leave it behind in safe hands until your return.

The new owners at Gara Rock are upgrading the facilities and services, and creating a secluded, relaxed atmosphere where you can enjoy time with your family and friends. And when you’re not here they look after your property and ensure the best returns on your investment, so you have the best of both worlds.

INVESTMENT DETAILS

Buying a cottage or apartment at Gara Rock means you can sit back while your property is looked after and ensure you receive the best returns on your investment. Your investment is backed by a property that you can sell, or keep forever and pass on to your children.

The day you buy, you enter into a five-year commercial lease with the resort owners and operators. This gives you a rent of 4% of the purchase price per annum, net of operating costs, and you can renew it after five years. They will manage the holiday rentals and all upkeep and maintenance for you. They will pick up all expenses, including utilities, insurances, rental commissions, maintenance, repairs and renewals, furnishings and service charges.

The apartments and cottages are ready to let immediately so you start earning income from your investment straight away. Gara Rock is run by a team of specialists who bring together decades of experience in developing, master-planning and operating luxury resorts in the UK and abroad. Early buyers at Gara are already reaping the benefits of their expertise in holiday rentals, with occupancy levels rising fast.

Feedback from owners and visitors tells us that the improvements they’ve made - and will continue to make - have set them well on the way to achieving our long-term goal of creating one of the most successful and desirable holiday locations in the UK.

Location
You never need to leave Gara Rock but there’s so much to do nearby that we know you’ll be tempted. Catch the ferry across the estuary to Salcombe and wander through its narrow streets: the food, art and shopping are excellent, and there’s a real buzz in summer. Follow your nose inland and find tiny villages where cottages tumble down hillsides to sparkling rivers, and the pubs serve local beers and ciders, and great food. Head over to Dartmouth for its castle and Tudor streets, comedy and music festivals, arts scene and regatta. Explore the coast path, find hidden beaches, paddle up creeks in a kayak, learn to sail or surf, dive the wrecks, take a windswept winter walk.

Directions
From Kingsbridge take the A379 coastal road towards Dartmouth. After about three miles turn right in the village of Frogmore following the signposts for Prawle and East Portlemouth. Follow this road for about a mile and then turn left, signposted East Prawle. continue through the hamlet of Ford and when it comes to a T-junction turn right signposted East Prawle/East Portlemouth. Follow this road for nearly 2 miles and before entering the village of East Prawle turn right signposted East Portlemouth. About a mile and half down this road turn left, signposted Rickham/Gara Rock.


More information from this agent

Listing History

Added on Rightmove:
26 October 2016

Floorplans

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Floorplan 1

Site Plan

Floorplan 2

Cottage 1, 2, 4

Map & Street View

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