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Pretoria Caravan Park, Point Clear Bay, St Osyth, Essex, CO16 8NG

Guide Price
£750,000
Added on 06/05/2021
Dedman Gray Auction, Essex
PROPERTY TYPE
Caravan

Key features

  • Freehold
  • By appointment with the Auctioneers

Property description

Tenure: Freehold

FREEHOLD CARAVAN PARK: A FULLY DEVELOPED OWNERS CARAVAN PARK WITH POTENTIAL ANNUAL RENTAL INCOME OF £90,300 PLUS INCOME FROM CARAVAN SALES
This fully developed site measures approximately 0.95 acres and contains 23 private owners, 3 brand new caravans on pitches and one vacant pitch. The site has an occupancy licence from 1st March to 30th November plus weekends and holiday periods between December and March.There are also 4 chalets included that have 12 month occupation. All four chalets are let on assured shorthold tenancies The site is located within point clear bay within close proximity to the beach.
23 private owner caravans
1 vacant pitch
3 x New Caravans on pitches to sell
4 x one bedroom chalets
Site office
Communal Utility Room/Launderette
It is considered that there could be a further opportunity for an additional gross profit of approximately £75,000 for the sale of the three caravans on there pitches and a further profit if an additional caravan was sold on the vacant pitch. The three caravans are included with the park and are being offered for £25,000 each. We have been advised that they have received interest from various parties.
We have been advised by the seller that the site is receiving the following annual rents. For full details please refer to the legal pack.
23 x £2500 ground rent/site fees = £57,500
Annual rent for 4 chalets = £22,560
Total £80,060
We are advised that the private caravan owners are responsible for there own electricity costs however water and refuse costs are included in the site fees. We are also advised that the site offers WIFI.

Pretoria Caravan Park, Point Clear Bay, St Osyth, Essex, CO16 8NG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Alresford (Essex) Station3.8 miles
  • Great Bentley Station4.0 miles
  • Wivenhoe Station4.7 miles
Mortgages
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Market information
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About the agent

Dedman Gray Auction, Essex

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

Dedman Gray Auction, Essex

Dedman Gray Auction Ltd are based in Thorpe Bay in Southend on Sea, Essex and are firmly established as one of the top 20 UK national auctioneers, holding regular land and property auctions.

Buying or selling land and property at auction is ideal if you wish to remove the uncertainties of the normal selling process. A sale by public auction demonstrates the best possible price has been obtained taking into consideration market conditions and the position and repair of the property. Dedm

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Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

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Disclaimer - Property reference 136771. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auction, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Essex on 01702 311010.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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