£225,000 Offers Around
5 superbly appointed properties presented for sale as a portfolio and representing an exciting investment opportunity. Ideally our clients are looking to sell the portfolio as a whole (£1,125,000 total) but that is not say that offers would not be considered for a property in isolation (£225,000 each).
The five properties have in recent times been completely renovated and the portfolio is offered for sale in good condition. Each property is in excellent decorative order with a neutral colour palate having been adopted. The properties are well appointed and sport contemporary fitted kitchens and bathrooms. The properties are equipped with electric heating. Our clients have each property furnished to a high standard and this furniture, floor coverings, blinds etc will be included in the sale.
Our clients have operated this holiday business for 5 years over which time there has been steady occupancy, presently averaging 30 weeks a year (across each property). The business continues to grow and the season appears to be extending each year, evening out the traditional spikes at peak season periods. Portpatrick is and always has been a very popular holiday destination be it for weekend breaks or longer stays. However our clients have also had uptake for the properties from businesses operating in the area looking for accommodation for contractors etc and this alternative business dynamic affords potential to maintain occupancy through traditionally quieter periods.
The properties are located in a central location within the picturesque village of Portpatrick. This is locally referred to as the 'old part' of the village, close the sea front and stunning harbour basin. Properties in this quarter are of the traditional vernacular. From this situation the properties in the portfolio are well placed to access the many restaurants and bars which can be found in the village and are a short walk from the sea front and harbour.
The properties are at present named after islands which can be found of the west of Scotland and for the purpose of these particulars we have referred to the properties as they are named by our clients:
Jura: this is a mid terrace 2 storey house with a floor area of approx 71m² (764ft²) and comprising: Living Room cum dining space through to Fitted Kitchen, 2 Bedrooms, Shower Room and Cloak Room
Skye: this is a mid terrace 2 storey house with a floor area of approx 71m² (764ft²) and providing the same accommodation as the Jura noted above.
Islay: this a mid terrace 2½ storey house with floor area of 71m² (764ft²) and comprising 3 bedrooms with Living Room cum dining space through to Fitted Kitchen and with Cloak room and Bathroom
Bute: this is mid terrace 2½ storey house with floor area of approx 74m² (796ft²) and comprising 3 Bedrooms (one with en suite); Living Room cum dining space through to Fitted Kitchen; Cloak Room and Bathroom
Iona: this is an upper floor apartment over approx 105m² (1130ft²) and which comprise at first floor level: fabulous open plan Living Room/Dining and Fitted Kitchen; 2 Bedrooms and Bathroom
The cottages known as Jura, Skye, Islay and Bute are located side by side in a terrace row. They each enjoy rear door acces to a small outside space. The apartment, Iona is situated on the opposite side of the street. The locality of the properties is shown by way of the photograph below.
Our clients promote the properties and business by way an holiday agency as well as their own established web site. The present business model affords further potential to expand upon this. Our clients website incorporates virtual tours showing the cottages, visit www.portpatrickholidayhomes.co.uk and follow the links.
All in all this is superb opportunity to acquire a portfolio with an already good flow of bookings and ever growing popularity. Attractively appointed cottages/ apartment in a stunningly attractive West of Scotland village.
This house description is based upon information supplied by the owner, or on behalf of the owner. These property particulars are produced in good faith and do not constitute or form part of any contract. s1homes do not take any responsibility for the accuracy of the information contained in this document.
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