House For Sale £35,000
Perfect for two guests, this one bedroom holiday cottage is designed to maximise space and is well-equipped. In 2020 the cottage had all new soft furnishings along with a new deck over looking the communal green and a new central heating boiler. The cottage has recently been redecorated externally.
There are comprehensive country club facilities on site which have been closed since the first Covid lockdown.
How long can I stay in my cottage?
This is a matter for each owner to decide. However the cottages are holiday homes and the lease does not allow for them to be used as the primary permanent residence.
Can I let the cottage myself?
Only to friends and family as all commercial lets must be with Isle of Wight Hideaways – more information below.
Who is responsible for the maintenance of the cottage?
The Owner of each cottage is responsible for the cost of cottage and communal maintenance. Owners will need to organise cottage maintenance services and The West Bay Club will organise communal maintenance – more information below.
It is the responsibility of Owners to organise holiday lettings and housekeeping and cottage maintenance for your property through the relevant service providers, details of which are included below.
New property release:
Lettings with isle of wight hideaways
As soon as the contract completion has taken place on your property you are free to organise holiday rentals and to book your own personal stays.
As the new owner you have two options available. If you wish to rent your cottage out then you will need to sign an agreement with Isle of Wight Hideaways, who will manage all of your property lettings for your guests and for you, as owners, or, you may wish to keep your cottage out of the rental pool and use it solely for personal use, in which case you do not need to sign an agreement. The choice is yours. Please review your lease to ensure you are aware of the terms and conditions around personal usage.
If you decide that you would like to rent your cottage, please contact Isle of Wight Hideaways direct on to discuss further.
Housekeeping & cottage maintenance
In addition to setting up your holiday lettings agreement with Isle of Wight Hideaways you will also need to organise for housekeeping and cottage maintenance services for both your guests and Owner stays. You are free to organise these for yourself or these services can be organised via a local company, Fina Casas, who are based on the West Bay site and offer a host of services that can be tailored to your needs.
If you would like to know more about Fina Casas please contact them direct on or .
Discounted ferry bookings:
Owners can book ferry crossings with Isle of Wight Hideaways. Preferential rates are available and Isle of Wight Hideaways will supply tickets to Owners based on their preferential pricing arrangement with Wightlink. Any amendments to bookings are also managed via Isle of Wight Hideaways . From time to time the ferry services may offer special priced tickets that are not covered within the discounted rates. In these instances it may be beneficial to purchase direct with the ferry company.
Service & maintenance payments – commencement & frequency:
The communal aspects of the West Bay site are managed by the in-house team and these services are charged via an annual service & maintenance charge that is payable pro-rata from the date of property completion.
West Bay will raise a pro-rata bill for the ground rent. Ground rent is an annual fee that runs from 1st January to 31st December and is currently a rate of £365.40 Inc. VAT. Ground rent is reviewed every 3 years and is due for review at the end of 2023.
Maintenance payments are due yearly in advance . Maintenance payments are reviewed annually and run for the period 1st April to 31st March. Maintenance charges by cottage can be obtained on request through West Bay's solicitors.
Maintenance charges include the following in addition to general site maintenance, management and insurances:
Business rates
TV licence
Cottage Wi-Fi
services:
Utilities – gas, electricity and water are reviewed annually and recharged to Owners on a quarterly basis for the periods March, June, September and December.
Sinking fund:
In addition to the annual service and maintenance charges Owners are liable to contribute to a sinking fund for major works to be carried out. The sinking fund is a variable charge and can be obtained on request through West Bay's solicitors.
Indicative revenues:
Since the historical earnings information for each cottage/house type is subject to current Owner data protection any information pertaining to previous revenues and future earnings should be obtained by request through your solicitor. Indicative earnings based on prior year, per cottage type, are available for you.
Information
Lease - 125 years from 2006.
Service & Maintenance Charge - £4,400 per annum.
Ground Rent - £365.40 per annum.
No pets allowed
EPC Rating
C.
Viewings
Viewing is strictly by appointment with the selling agents, Spence Willard.
Important Notice
1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property may change without notice.
There are comprehensive country club facilities on site which have been closed since the first Covid lockdown.
How long can I stay in my cottage?
This is a matter for each owner to decide. However the cottages are holiday homes and the lease does not allow for them to be used as the primary permanent residence.
Can I let the cottage myself?
Only to friends and family as all commercial lets must be with Isle of Wight Hideaways – more information below.
Who is responsible for the maintenance of the cottage?
The Owner of each cottage is responsible for the cost of cottage and communal maintenance. Owners will need to organise cottage maintenance services and The West Bay Club will organise communal maintenance – more information below.
It is the responsibility of Owners to organise holiday lettings and housekeeping and cottage maintenance for your property through the relevant service providers, details of which are included below.
New property release:
Lettings with isle of wight hideaways
As soon as the contract completion has taken place on your property you are free to organise holiday rentals and to book your own personal stays.
As the new owner you have two options available. If you wish to rent your cottage out then you will need to sign an agreement with Isle of Wight Hideaways, who will manage all of your property lettings for your guests and for you, as owners, or, you may wish to keep your cottage out of the rental pool and use it solely for personal use, in which case you do not need to sign an agreement. The choice is yours. Please review your lease to ensure you are aware of the terms and conditions around personal usage.
If you decide that you would like to rent your cottage, please contact Isle of Wight Hideaways direct on to discuss further.
Housekeeping & cottage maintenance
In addition to setting up your holiday lettings agreement with Isle of Wight Hideaways you will also need to organise for housekeeping and cottage maintenance services for both your guests and Owner stays. You are free to organise these for yourself or these services can be organised via a local company, Fina Casas, who are based on the West Bay site and offer a host of services that can be tailored to your needs.
If you would like to know more about Fina Casas please contact them direct on or .
Discounted ferry bookings:
Owners can book ferry crossings with Isle of Wight Hideaways. Preferential rates are available and Isle of Wight Hideaways will supply tickets to Owners based on their preferential pricing arrangement with Wightlink. Any amendments to bookings are also managed via Isle of Wight Hideaways . From time to time the ferry services may offer special priced tickets that are not covered within the discounted rates. In these instances it may be beneficial to purchase direct with the ferry company.
Service & maintenance payments – commencement & frequency:
The communal aspects of the West Bay site are managed by the in-house team and these services are charged via an annual service & maintenance charge that is payable pro-rata from the date of property completion.
West Bay will raise a pro-rata bill for the ground rent. Ground rent is an annual fee that runs from 1st January to 31st December and is currently a rate of £365.40 Inc. VAT. Ground rent is reviewed every 3 years and is due for review at the end of 2023.
Maintenance payments are due yearly in advance . Maintenance payments are reviewed annually and run for the period 1st April to 31st March. Maintenance charges by cottage can be obtained on request through West Bay's solicitors.
Maintenance charges include the following in addition to general site maintenance, management and insurances:
Business rates
TV licence
Cottage Wi-Fi
services:
Utilities – gas, electricity and water are reviewed annually and recharged to Owners on a quarterly basis for the periods March, June, September and December.
Sinking fund:
In addition to the annual service and maintenance charges Owners are liable to contribute to a sinking fund for major works to be carried out. The sinking fund is a variable charge and can be obtained on request through West Bay's solicitors.
Indicative revenues:
Since the historical earnings information for each cottage/house type is subject to current Owner data protection any information pertaining to previous revenues and future earnings should be obtained by request through your solicitor. Indicative earnings based on prior year, per cottage type, are available for you.
Information
Lease - 125 years from 2006.
Service & Maintenance Charge - £4,400 per annum.
Ground Rent - £365.40 per annum.
No pets allowed
EPC Rating
C.
Viewings
Viewing is strictly by appointment with the selling agents, Spence Willard.
Important Notice
1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Spence Willard in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Spence Willard nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property may change without notice.
