Detached house
Homesford Cottage represents a rare and exciting freehold opportunity to acquire a large character property comprising three self-contained holiday apartments, along with spacious two bedroomed owners accommodation and in addition an attractive two storey stone built property split into 2 x one bedroomed self contained units.
The property was successfully was run as a holiday-let cottage business for many years and has now recently become vacant. In our opinion, if the property were to be let as individual units based on AST contracts, subject to necessary planning and improvements, we would estimate a combined rental income in the region of £40,000 to £45,000 per annum.
The former business occupies a strong location for tourism on the edge of the Peak District National Park and benefits from stunning views of the surrounding countryside.
Outside to the rear of the property there is a split level garden with far reaching views, which includes terraced seating. In addition there is a large car park located opposite the property with designated parking spaces.
Homesford Cottage is situated on the A6 Derby Road, between the Derbyshire villages of Whatstandwell and Cromford. The property is located approximately 20 miles north-west of Nottingham, 26 miles south of Sheffield and 23 miles south-east of Buxton. The location is ideal for exploring the Peak District National Park, which offers a strong year round tourist draw including the nearby Chatsworth House, Sir Richard Arkwright’s Masson Mills, Kedleston Hall, Crich Tramway Village, the Heights of Abraham, Gullivers Kingdom, Dovedale. Alton Towers theme park is less than 40 minutes away.
The internal accommodation is configured to provide three self-contained holiday apartments, each of which provide en-suite bedrooms, living area and a kitchen. The spacious two-bedroom owners accommodation offers the potential for additional letting space.
Comprises -
Situated at ground floor level and comprising a dining/living room. kitchen<br>and two en-suite bedrooms (one double, one twin).
Situated at ground floor level and comprising a living room and a bedroom with shower and toilet.
Situated at first floor level and comprising a living room, kitchen and en-suite double bedroom.
Fixtures and fittings are included with the exception of items that are personal to the seller.
Lawned gardens and terraced seating are located to the rear of the property. There is also car parking located opposite.
Spacious owner’s accommodation is situated at ground and first floor levels<br>and comprises living room, kitchen, dining room, office, linen store and two en-suite bedrooms. There is a cellar at ground floor level.
Homesford Cottage is a well presented group of three holiday apartments with spacious owners accommodation. The property is ideally located to capitalise on the Peak Districts year round tourist trade and the UK staycation market, which is experiencing a continued period of growth. The opportunity exists to generate further income by converting at least part of the extensive private accommodation for use as additional, lettable space.
For the year ended 31st December 2021 the business produced a turnover of £34,974. Further trading information will be made available to genuinely interested parties who have viewed the premises.
Rivers and Seas - Very low. Surface Water - Very low.
Sandstone or limestone, as built, no insulation (assumed) - Information taken from EPC.
Standard 5 mbps shows as available in this location
EE, O2, Vodaphone and Three show as available in this location.
Sky and BT show as available in this location.
Freehold. Vacant possession upon completion.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
