Westbrook Green Park Home Site & Wharfavon

West Side

£1,000,000

Westbrook Green Park Home Site is well established since 2007. It comprises 12 mobile homes, annual income £23,088 per annum. There is scope for additional income when mobile homes change names. The site area extends to 0.57 hectares (1.41 acres) with vehicular access via a private drive from West Side, North Littleton.

Attached to the site is a detached family home extending to 3,300ft² of accommodation on two floors. The accommodation comprising ground floor, entrance hall, cloakroom, dining room, kitchen, utility, conservatory, snug, living room, a double garage and single garage, two bedrooms with en-suites. First floor accommodation – two further bedrooms plus family bathroom. The residential house is flexible enough to allow reconfiguration to create two separate dwellings if required.

This is an ideal opportunity for a recently retired couple to acquire a low maintenance business with minimal annual maintenance required, this being limited to the common areas. Mobile homeowners maintain their own gardens and property. The site looks to be well maintained and in good order. The reason for the sale is retirement.

Key Features

1.   ADJOINING RESIDENTAL HOME PARK
2.   DETACHED FAMILY HOME
3.   OVER 3,300 SQF
4.   BUSINESS OPPORTUNITY
5.   SOUGHT AFTER VILLAGE
6.   ANNUAL INCOME £23,088 p.a.
7.   WITH POSSIBILITY OF ADDITIONAL INCOME ON PARK HOME SALES
8.   LOTS OF PARKING
9.   REGULAR INCOME STREAM
10.   NET INCOME FOR 2020/21 of £37,600

DescriptionAn independently run Park Home site with detached family home. Offers in excess of £1,000,000.

Site area: 1.41 acres (0.57 hectares). The site lies to the west of a brook, being located at ordnance survey grid reference SP082472.

The Park comprises 12 mobile homes, let on Mobile Homes Act Licences. Service Charge for each caravan is £160.34 per month. This is reviewed annually. Gross annual income from the site £23,088 per annum. Additional income is earned infrequently when mobile homes change hands. The site is registered in Land Registry Title Number HW107970.

Wharfavon is a freehold spacious detached home offering over 3,300ft² of accommodation. Wharfavon has been extended and improved over recent years offering flexible accommodation and further scope to split up into two dwellings should the house prove to be too large.

The Site: Westbrook Green Park Home site has been in the same ownership since 1991, the site was originally a holiday park. in 2007 the site was approved for planning permission to change the site to a residential mobile home park. The site now has planning and site licence for 12 Park Homes. After permission was gained new block paved roadways, services and new concrete bases were installed as the park was completely redeveloped. This included raising the site level to take all park home bases, paths and roads to the homes above the 1 in 100 year flood plain and to comply with requirements of the Environment Agency.

Park Homes have been sold with the benefit of Standard Mobile Home Act “Written Agreement” which details the conditions on which a home may remain on the site and responsibility to maintain the home, the plot, to comply with the Site Rules and to pay the site fees due, which increase annually in line with the Retail Price Index. This Written agreement gives the Park Home Owners security of tenure.

Communal areas - mainly the open area next to the brook and the roadways are the responsibility of the site owner to maintain. These are mainly grasses areas to minimise time spent.

IncomeIncome is derived from the collection of site fees on a monthly basis. All park home owners pay direct into the site owner’s bank account. This site fee is adjusted annually in line with the Retail price index. The monthly site fee per pitch is £160.34 for 12 months from 1st March 2021. This will provide a gross annual income of £23,088.96

In addition if a park home owner sells a home the site owner is paid 10% of the sale value. (The site owner estimates the homes on site at Westbrook Green would sell for £150,000 - £200,000), providing an additional £15,000 to £20,000 on each sale.

Expenses include a Site Licence fee to Wychavon D.C., trade association membership (BH&HPA) and general maintenance of the site.

Trading Profit and Loss Accounts:

Tax Year Ending April 2021 (not finalised at the time of printing)
Income Received £46,911
Expenses £9,249
NET INCOME £37,662

Tax Year Ending April 2020
Income Received £28,858
Expenses £8,920
NET INCOME £19,938

Tax Year Ending April 2019 (Note: Not all 12 pitches occupied in this year)
Income Received £35,463
Expenses £5,987
NET INCOME £29,476

ViewingTo discuss the property or arrange a viewing please contact the Commercial Team: 01386 765700

Important InformationWe are required by HMRC to conduct anti-money laundering checks on all parties with an interest in the property and accordingly we will require forms of identification in due course. Particulars: These Particulars do not constitute an offer or contract and should not be relied upon as being factually accurate, the photographs show only part of the property and the areas, measurements and distances given are approximately only. A buyer or a lessee must make their own enquiries or inspections and should not solely rely on these Particulars or other statements by Sheldon Bosley Knight. VAT: The VAT position relating to the property may change without notice.