Sea View Double glazing No Chain

Well known and well respected by thousands of holiday makers over the years is the small and privately owned group of holiday apartments collectively called “Moonrakers”.

Moonrakers Apartments are situated adjacent to St. Mary's Garrison and very close to the famous Garrison Gateway. Standing approximately seventy feet above St. Mary's Harbour and the main town all apartments (with the exception of one) have panoramic views across the town and harbour and / or across the Garrison, Porthcressa Bay and Penninis headland. Nestling, as Moonrakers does, below the sixteenth century Garrison wall it occupies a peaceful location when compared with the nearby main street of Hugh Town. The amenities that Hugh Town has to offer including St. Mary's Harbour are all within a few moments walk.

The original property was built as a private house in 1955. In 1961 additions were made and the property was run as a Guest House. At a later date the Guest House was converted into six self catering apartments and in 1970 the Owners added their own self contained adjoining accommodation. Finally in 2010 planning permission was obtained to extend the use of all the holiday apartments to full time residential occupation.

Over the years the Owners have run a well respected and very successful self catering business. However to aid in their retirement it has now been decided that five of the six apartments will be placed on the open market hence this unusual opportunity to purchase one of these properties.

The family have decided to retain one of the apartments for themselves and Mr. & Mrs. Gregory will continue to live in their home adjoining.

The Owners have been meticulous in their yearly maintenance and regularly re-decorate and improve facilities. One of their latest improvements is the installation of double glazed windows in hardwood frames.

There are mature gardens to the front and rear of the property thoughtfully laid out with granite walls and steps showing off the sloping site to its greatest advantage.

The accommodation of the individual apartments is as follows:

Flat 1 Moonrakers

Flat 1 is situated on the ground floor and sleeps four persons in both the twin and double bedded bedrooms and has views across St. Mary's Harbour to the off islands from the lounge and both bedrooms. It is approached by granite steps, which lead up through the terraced garden from the roadway to an open porch and thence through a wide panelled door into:

Inner Porch With ceramic tiled floor / mat well.
Double, part - glazed doors lead through into the Inner Hallway which has a wall mounted cupboard housing the main, three phase electric switches, meters etc.

The hallway gives access to Flats 1 and 2 on the ground floor and via a staircase to Flats 3 and 4 on the first floor.

Front door leads into:

Entrance Hall Tank cupboard housing the hot water cylinder with fitted electric immersion heater.

Lounge 13'4” X 12'5” Having dual aspect windows both with Harbour views and across the bay to the off islands. Two built in cupboards. Three power points. Television aerial socket.

Bedroom 1 9'9” X 10' 2” maximum. Furnished as a twin bedded room. Having a built in vanity unit with granite effect melamine top and inset vanity sink, tiled splash back and wall mounted mirror with fluorescent light / shave socket over. Fitted drawer unit. Built in wardrobe. Power point. Bed head wall light fitting.

Bedroom 2 10'4” X 8'4” plus recess into which is cleverly built a vanity unit of similar design to the one in the other bedroom. Furnished as a double bedded room. Built in wardrobe. Built in chest of drawers and recessed shelf unit. Bed head lights.

Kitchen 6'6” X 6'1” Having fully tiled walls in a ceramic tile and vinylay covered floor and fitted with floor and wall cabinets, the floor cabinets have an ivory coloured melamine finish set off by a wooden feature strip and handles. Fittings include a single drainer stainless steel sink unit. Refrigerator. Oven / grill and four ring hob. Built in cupboard housing the electrical distribution box.

Shower Room Having half tiled walls and fitted with a low level wc and built in shower cubicle with sliding / folding glazed doors and Mira sport electric shower unit. Wall mounted fan heater. Flotex carpet to floor.

GENERAL INFORMATION APPLICABLE TO ALL APARTMENTS

All Owners will have rights of way across the garden pathways and driveway to the property including a large paved patio to the side of the house where areas are set aside for bin storage and clothes drying. Reached via this patio is a communal laundry room fitted with a coin operated automatic washing machine and a coin operated tumble dryer. Additionally there is a porch which serves as an approach to Flat 6 known by the Owners as the “Milk Porch” which is a communal area for trade deliveries.

FURNISHINGS All furniture, furnishings, fixtures and fittings as seen in the apartments are included in the sale price sufficient to cater for the number of persons advertised and to meet Visit Britain requirements.

SERVICES: Mains electricity, water and drainage are connected

ASSESSMENTS: Moonrakers is currently assessed for rating purposes as one unit. Individual sales will result in individual rating assessments being made by the Local Authority either on the basis of a Rateable Value for a holiday let or Banded if the apartment is to be used as a full time residence.

Whichever charge is eventually made the sums of £210 water charge and £130 sewerage charge will be added to each.

HOLIDAY RESERVATIONS

The property is registered with Visit Britain and each apartment has been awarded a classification of three stars. Currently Island Properties handle lettings for the Owners whilst the Owners themselves carry out changeovers and maintenance.

Holiday reservations are continually being taken and we are able to provide a list of reservations and rentals agreed, together with a brochure of Moonrakers, to any seriously intending purchaser. An intending purchaser will be expected to honour all reservations taken by the Vendors and to continue with the management agreement with Island Properties for lettings and general management at least until such time as all flats have been sold.

TENURE: The apartments will be sold on 999 year lease at a non escalating ground rent of £50 per annum. A limited company will be formed and when all the flats are sold, each Owner of a Moonrakers apartment will, automatically, become a director of that company. The freehold will be transferred to that company immediately the last flat has been sold. It is then usual for all owners to meet on an annual basis to discuss the level of maintenance required during the forthcoming year and the continuance of the property insurance. Individual contributions will then be made by owners in the following proportions:

Flat 1 18%
Flat 2 21.2%
Flat 3 15.2%
Flat 4 14.3%
Flat 5 16.6%
Flat 6 14.7%

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.