- Recent New Roof
- Triple Glazing
- Allocated parking and overflow parking
- Good Holiday Letting History
- On Business Rates (zero rated if first small business in Cornwall)
- No Occupancy Restriction
2 Bedroom Flat for sale in Wadebridge
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4 Polzeath Court in New Polzeath is a well presented first floor 2 bedroom flat situated on the South facing elevation of the building with a pleasant open outlook over Polzeath and an angled sea view.
Leasehold with a share of the freehold, currently on Business Rates, EPC band C.
Polzeath Court is an attractive half slate hung property which is a purpose built two story building of just 11 Flats. The building has been upgraded over the last few years having had a new roof, triple glazed windows, new front doors and new flooring in the communal areas. Unusually as well as an allocated parking space the development has its own paddock which has been adapted to provide additional parking or simply use the space for general amenities.
An external door leads into a communal hallway for two ground floor apartments and two on first floor with a landing window giving plenty of natural light. The front door of the flat leads into a spacious open plan kitchen/living room with large picture window to the South elevation. This room is 6.25m (max) by 5m (max). There is a pleasant outlook across to Polzeath and an angled sea view to the right. The kitchen is well fitted with integrated dish washer, washer / dryer, fridge with ice box, oven ,hob with extractor above and microwave. The living area has a wall mounted electric fire and there are also electric night storage heaters. There is a cupboard for storage before you go out to a central link lobby gives access from the main living space to the bedrooms and bathroom and also houses a lockable store cupboard. All the windows are reversible for easy cleaning.
Bedroom 1 is put to a double room and measures 3.47m x 3m, heating is from an electric panel heater. Bedroom 2 is a twin and measures 3.47m x 3.14m and also has a panel heater. This room also has a pleasant outlook over Polzeath. Both bedroom windows are designed to be suitable for fire escapes. The bathroom has an electric Mira shower over the bath, wc, hand basin and electric wall heater and electric towel rail.
The property is currently holiday let and has bookings up until October 2026 which a new owner can take on if they wish to Holiday Let the property. Last year, 24/25 the property generated £15,000 in lettings and in the previous two years it generated approximately £16,500. The property has the requisite heat, smoke alarms, fire doors, thumb locks and emergency plug in torches as required for holiday letting but can also be used as a 2nd home or a main residence as required.
There is a fixed ground rent of £25.00 a year and the remainder of a 999 year lease which was granted in 1988. The service charge is variable and presently set at £2000pa. This covers maintenance of the structure, exterior and common parts of the building, water charges, buildings insurance, upkeep of grounds, lighting of common areas with any excess used to maintain a "sinking fund" for any large ticket Management Company projects or repairs.
The agents have a copy of the lease if required.
Property Ref: 1441369
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