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 4 is approached in the same way as Flats 1 and 2 but this time, being a first floor flat, a staircase leads from the Inner Porch to :

Small Landing off which a front door leads into:

Hall Having a walk in airing cupboard housing the lagged hot water cylinder with immersion heater.

Lounge 16'6” X 8'10” (less a small store cupboard housing the distribution board). This room has a sloping ceiling to one side and its window gives views across Porthcressa Bay to Penninis and The Garrison. Four power points. Television aerial socket. Access to roof storage space.

“L” Shaped Kitchen / Dining Area

Kitchen Area 8'6” X 4'11” Having a vinylay covered floor and part tiled walls 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. Under counter refrigerator. Oven / grill and four ring hob. Electric ventilation. Five power points.


Breakfast / Dining Area 7'8” X 3'10” A window which runs the full length of this room gives views across St. Mary's town and harbour. Two power points.

Shower Room Having a fully tiled shower cubicle with glazed bi-fold doors and a Mira Sport electric shower. Low level w.c Electric ventilation.

Bedroom 12'7” X 8'10” Furnished as a twin bedded room. This room has a sloping ceiling, one of its windows has views across Porthcressa Bay and Penninis Headland whilst the second window has views to The Garrison. Fitted with a vanity basin with built in drawers and a mirror, wall tiling and fluorescent light / shaver socket over. Built in wardrobe. Bed head lights.

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%

Due to Owners plans for retirement a substantial reduction has been made