Beach Hut Investment in Dukes Walk, Whitley Bay
We are pleased to Launch this weekend a fantastic new concept.
These Beach Huts are the first in the UK to be granted permanent and Overnight Accommodation status.
Full Planning permission has also been Granted. Each beach hut is double fronted.
We anticipate that this will be the first of several Developments we have already earmarked around the coastline of the UK.
Self Certification Finance is available on this Development.
Dukes Walk – Superb Beach Huts in a Fabulous Location – 20 yards from the beach with amazing uninterrupted views.
Click
HERE to register your interest
Key Features: The units have electricity for power & heat (this will be on a meter)
It’s an excellent investment opportunity and we anticipate rental to be £300-£450 per week dependent on season. These are indicative figures from professional agents.
In essence these units are a 21st century timber framed houses with permanent structure status where people can reside over night & stay 11 months of the year.
They can sleep 4-6 people have a kitchen, lounge, bedroom and shower room
Dukes Walk will have its own bookings service for investors (TBC) and agency to facilitate bookings, a full one stop shop with competitive agent fees including laundry and cleaning etc. (details TBC)
24 hour concierge & art gallery on site.
Electric mains supply.
Completion date May 2010.
Purchase Price is £84,950 with 70 year lease granted and a renewable option
This includes all Furniture, Fixtures and Fittings
The deposit will be £29,950 – This can be paid over a 3 month period
Maintenance charges per hut are £2400 p.a. (this includes insurance, water, 24 hour concierge).
Car parking pass (1 per unit)
Click
HERE to register your interest
Finance max 20 year term at 2.5% Fixed Self Certification £294.01 per month CAPITAL REPAYMENT ONLY
Based on £55,000 Loan
We have negotiated a THREE YEAR INTEREST FREE MORTGAGE making payments £229 per month (approx) AS WELL AS THE FIRST 6 MONTHS MORTGAGE PAID.
The tourist board are estimating that occupancy could be as high as 40 weeks per year with all the various events planned in the region - this would gross approx £14k p.a. income. After costs this should still net a double digit yield.
The huts are double fronted i.e. in appearance from the front each unit has the appearance of two huts, in order to accommodate the large floor plans.
Site 1 has 11 units and site 2 has 10 units.
Reservation Fee £1000 payable to Solicitor who will prepare contracts
For further information please do not hesitate to contact us on
0845 230 1953 or
click
HERE to register your interest, or email derek@thomsonopi.com
