Wharfavon & Westbrook Green Park Home Site
West Side North Littleton£1,100,000
We are pleased to offer Wharfavon to the market, a freehold spacious detached home offering over 3,300 SQF of accommodation. Wharfavon has been EXTENDED and IMPROVED over recent years offering flexible accommodation and further scope to spilt up into two dwellings. The property also benefits from a well established business attached (Westbrook Green Park Home) to the grounds with 12 mobile homes within the vicinity creating an income stream for the potential new buyers. The property comprises of; entrance hall, living room, snug, kitchen, utility conservatory and dining room. Also to the ground floor are two double bedrooms, both with ensuite and the master benefiting from a walk in wardrobe and dressing area. On the first floor are two further double bedrooms and a family bathroom. Other benefits include ample parking, a double garage, rear gardens and an additional single garage.
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.
Key Features1. ADJOINING PARK HOME SITE
2. DETACHED FAMILY HOME
3. OVER 3,300 SQF
4. FLEXIBLE ACCOMMODATION
5. SOUGHT AFTER VILLAGE
6. THREE CAR GARAGE
7. LOTS OF PARKING
8. UNIQUE OPPORTUNITY
9. REGULAR INCOME STREAM
10. NET INCOME FOR 2020/21 of £37,600
Income Income 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 £23088.96
In addition if a park home owner sells a home the site owner is paid 10% of the sale value of the home sold. (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.