Heacham Manor Investments
Purchase Option 2: Cottages sold for private use (holiday use only)
These cottages are being offered for sale on a freehold basis for private use as a holiday home. They cannot be let out by the owner.
The owners of these cottages receive free access to the Heacham Manor golf course, discounted food and beverages at the hotel & resort plus access to sports and entertainment facilities at the resort.
Charges applicable to both Purchase Options 1 & 2
Service Charge
The owner will also be subject to an annual service charge. The service charge will include a proportional payment of the grounds maintenance of the estate. This would include grass cutting, flower bed maintenance, cleaning and sweeping of paths and roads.
The service charge would also include an amount to be set aside for renewals of furniture, furnishings and fixtures. This charge would be subject to VAT
Rates and Insurance
The owner will also be liable for the buildings insurance and for the payment of the annual rates charge for the property. Both these figures are estimated in the financial illustration based on quotes received from local insurance companies and information received from the county valuation office.
Cottage Prices
The sales prices of the cottages are listed below together with a description of the rooms within. A plan showing the location of the cottages is enclosed within the portfolio.
| Unit Price | Description | |
| Lavender Barn | ||
| Cottage B2 | £ 217,000 + vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms | ||
| Cottage B3 | £ 217,000 + vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms | ||
| Cottage B4 | £ 217,000 + vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms | ||
| Cottage B5 | £ 217,000 + vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms | ||
| Samphire Barn | ||
| Cottage C7 | £ 217,000+ vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms | ||
| Cottage C9 | £ 217,000+ vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms | ||
| Cottage C10 | £ 217,000+ vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms | ||
| Cottage C11 | £ 217,000+ vat | Lounge with Kitchen & WC |
| Three ensuite bedrooms |
Service Pack
The price of the service pack, furniture, fixings is £25,000 + vat per cottage as is compulsory with the letting agreement.
Registration for VAT
As the cottages are non residential they are subject to VAT at the standard rate. If you wish to buy a cottage and are not registered for VAT we can arrange this simple operation on your behalf. If entering into the letting agreement the cottage purchase VAT would be recoverable through your letting business as would the VAT charged of the service charge as stated above.
I hope this information is of interest to you and if you wish to discuss this further please do not hesitate to call
me at the office on 01485 536008 or email on psearle@searles.co.uk.
Paul Searle
Managing Director
Searles Leisure Group
