Asking Price £59,950

TENURE : Leasehold. A new lease was issued on 1/1/2022 for a period of 65 years providing the security of a lengthy term of tenure until 2087. We are informed by the South Shore site office that the following charges apply for the 2024 season. Tingdene (the holiday site owner) is charging ground rent of £3,400 plus vat per annum for the year of 2024 and ground rent is payable on the 31st of January each year. Annual Ground Rent increases are linked to the Retail Prices Index (RPI). We are informed that Tingdene charge an annual service charge for operating the holiday site each year and the service charge for 2024 is in the region of £326.83 inc vat. Should an owner decide to offer their chalet for holiday rental there will be an annual charge for refuse disposal. The sum charged for the year 2024 is in the region of £105 plus vat per chalet. This sum is not payable by owners who only use their chalet for personal use rather than commercial letting. Tingdene charge a transfer fee on change of ownership of 10% of the sale price agreed. The 10% is subject to VAT. PLEASE NOTE – THE TRANSFER FEE IS PAID BY THE SELLER NOT BY THE PURCHASER. The property is registered with land registry, therefore, transfer of ownership must be conducted through solicitors. A lease is a legal document, therefore, potential purchasers need to consult their solicitors for legal advice on the terms and conditions contained within the lease prior to exchanging contracts to purchase. Chalets at South Shore Park have planning permission for holiday use, consequently, cannot be used for sole permanent residency and purchasers are required to provide details of their main residential address to the Tingdene South Shore Park office each year. Chalet owners can use their chalets for personal use holidays at any-time of the year throughout a 12 month season providing the total personal holiday usage per annum does not exceed 6 months in total in keeping with the planning permissions for holiday use. Chalet owners can rent their chalet to other holiday-makers for upto 14 nights maximum per booking for upto 52 weeks per annum creating income potential from holiday lets. Permission to let chalets to holiday-makers must be obtained from the Tingdene site office each year and we are informed by the Tingdene South Shore site office that permission will not be unreasonably with-held. SERVICES Mains electric, water and drainage are connected. Chalet owners are responsible for paying their own water rates, electricity is supplied by the holiday site and is billed quarterly. Owners can also use a holiday home insurer of their personal choice and owners are responsible for paying insurance premiums direct to their own insurer. COUNCIL TAX Band ‘A’. This can be paid monthly or annually by arrangement with East Riding of Yorkshire Council. The council tax payable for the year 2023/24 is £1,399, however, for those who wish to also let their chalets to holiday-makers there is the option of applying to switch from council tax to business rate which can currently result in substantial savings. Ask us for further details of the East Riding of Yorkshire Council small business rate relief scheme.