4 SPANISH LEDGE
HUGH TOWN
ST. MARY?S
ISLES OF SCILLY

An opportunity to purchase a holiday flat situated in the centre of Hugh Town close to the harbour, beaches and all amenities.

Spanish Ledge is an imposing granite property which was built originally as two houses, we think towards the end of the 1700?s /early 1800?s.

In more recent years, first one house was converted into a guesthouse, and then the other. Finally, in 1987 the present owner converted half of the property into holiday flats and followed this up in 1988 by converting the other half. Therefore, for the past fifteen years Spanish Ledge has been most successfully operated and let as holiday units.

The conversions were carried out very tastefully, maintaining the inherent character of the old granite houses, whilst incorporating all modern fixtures, fittings and amenities which are expected by holiday makers.

Flat 4 is a first floor flat, having a southerly aspect to the rear of the property.

The purchase price includes all furnishings, fittings and fixtures, sufficient to enable an owner to continue the letting of the property to accommodate the number of persons advertised.

The flat is expected to produce a potential gross income for the current holiday year of approximately ?8,000.

At the present time the flat is let and managed by ourselves and this management service can be extended to the new purchaser, should they wish it.

This is a first floor flat with an aspect to the rear of the property. Approached from Silver Street, an external staircase leads to a front door which leads into:

COMMUNAL HALL having coat hanging position and containing a tumble dryer linked to a coin operated meter for the use of all flats.

A landing then leads to the front door of Flat 4 and then:

LOUNGE/DINING ROOM with KITCHEN AREA
Lounge/Dining Room Area: 11?10? x 10?2? average plus door space. Ceiling light, one wall light, 4 power points, television aerial socket.

Kitchen Area: 5?4? x 6?8? less door space. Well fitted with units having an attractive basket weave design to the face of the doors with beech wood trim and complemented with laminated work surfaces in a simulated wood finish. Units comprise a single drainer stainless steel sink unit, a 4 drawer floor unit, matching double wall cabinet and shelf unit. There is part wall tiling, electrical fittings include a Tricity refrigerator and a Symphony electric cooker and hob in an attractive brown ceramic finish. 5 power points.

INNER HALL with cupboard housing the electric meter.

BEDROOM 10?3? x 8?5? (plus tapering shelf) with built-in wardrobe and adjoining dressing table with mirror/fluorescent light over, ceiling light, one wall light, three power points, UPVC double glazed window.

BATHROOM 6?6? x 6?2? having a cork tiled floor and fully tiled walls and fitted with an avocado coloured suits comprising low level w.c., pedestal wash hand basin and panelled bath. Expelaire extractor fan, wall mirror with fluorescent light/shaver socket over, electric wall mounted heater.

FURNISHINGS The purchase price includes all furnishings, fittings and fixtures sufficient to enable an owner to continue the letting of the property to accommodate the number of persons advertised.

SERVICES: Mains electricity, water and drainage are connected.

ASSESSMENTS At present all Spanish Ledge Flats are charged on a combined Business Rate assessment and this is divided in accordance with the floor area occupied by each flat. To this should be added a water/sewerage charge of ?132.

OTHER OUT GOINGS Spanish Ledge is insured as one unit and again the insurance is divided between the flats in accordance with the floor area occupied.

TENURE The apartment will be conveyed on a 999 year lease, which commenced in 2002, at a nominal ground rent per annum.

A purchaser will automatically become an equal share director in the Limited Company which owns the Freehold of the whole of Spanish Ledge together with the other Flat owners. It is then usual for the directors to meet on an annual basis to decide on maintenance and set an annual contribution.