Lot 34 - The Croft, Horeb Road, Mynyddygarreg, Kidwelly, SA17 4RF

  • Unconditional Online Auction Sale
  • Guide Price* : £295,000+
  • Bedrooms: 5

Holiday Home for Investment

Description

ONLINE AUCTION from 8th SEPTEMBER

A rare opportunity to purchase a luxury detached holiday home (which is currently trading, 2019/20 accounts show a revenue of £65,305) in the community of Mynyddygarreg in Kidwelly.

This attractive period property is immaculately presented throughout and is fully furnished for guests to enjoy. The property is located approximately 2 miles outside of the coastal town of Kidwelly, which lies on the River Gwendraeth above Carmarthen Bay. Kidwelly and the surrounding areas are a popular hot spot for holiday goers, with a range of attractions to visit whilst being surrounded by natural beauty, beaches and walking/biking routes etc. Pembrey Country Park is also a short distance away and has an award winning 8 mile long beach to take advantage of.

The property itself has five bedrooms (sleeping 11 guests) and an annexe which is across the patio and within the walled gardens which has a further bedroom sleeping 3, wc and shower room with ground floor games room, (full size pool table, darts and TV). The patio area has a fully functional hot tub and Swedish barrel sauna (for up to 8 people) as well as a seating area which is very popular with guests and helps the house remain fully booked all year round. The Croft was fully renovated 5 years ago and designed by the current owners to cater for the whole holiday market; families, groups of friends; corporate events from the outset and is a very lucrative investment.

The property has been successfully run as a holiday home for 5 years by the current owners, and the last 3 years accounts are available.

Accommodation

Ground Floor: Entrance porch, living/dining room, kitchen, utility room
First Floor: Landing, 5 bedrooms (master with en-suite), bathroom
Outside: Annexe with games room plus additional bedroom sleeping 3, extensive gardens, hot-tub area, barrel sauna area

Tenancies

To be sold with vacant possession (business handover available)

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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01633 254044

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Ryan Saunders

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