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£42,000
Ps- &#; Boat Of Garten Caravan, PH24
- 2 beds
£42,000
- 2 beds
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???? Warm and cosy in the winter, bright and airy in the summer.
???? Perfect basecamp in the heart of the Cairngorms, ideal for touring, walking and cycling.
???? Incoming generating asset, no Secondary Letting Licence Required
???? £14100 revenue (£7,400 profit) annually after using it as a family whenever we wanted.
???? Fantastic condition, fully furnished and AirBnB ready. Includes picnic bench and storage shed.
Caravan Details
* 2019 ABI Ryedale 35 x 12 ft
* Sleeps up to 6 (Double, Twin and Sofa Bed)
* Shower room and ensuite
* Fridge Freezer, Gas Cooker, Microwave
* See layout diagram and photos
Included in the Sale
* Fully Furnished and Airbnb Ready
* Remaining 16 year lease (July 2020-July 2040)
* Shed
* Picnic Bench
* Outside Chairs
* Starlink Ready (= space broadband!)
Boat of Garten Holiday Park
* Open year round - skiing in winter, Christmas and NY breaks.
* In the heart of the Cairngorms, an ideal base for touring, walking and cycling.
* Walking and cycling from the door for all ages.
* Dogs are welcome (on a lead).
* Loch Garten within easy reach
* Walking distance to the pub!
* Surrounded by offroad trails - really safe for the kids
* Great facilities; washers, dryers and ironing.
* Floodlit footpaths and roads.
Maximising The Return on Your Investment
Whilst you’re not using the chalet, you can let it out with e.g. Airbnb and Booking without requiring a secondary letting licence.
* We used Airbnb to fill the time we didn’t use the caravan.
* Average yearly revenue in the 3 years we’ve owned it = £14,162
* Average yearly profit in the 3 years we’ve owned it = £7,400 (52% profit)
* Average stay 3.7 nights
These figures are summer only. We drained it down over winter months but these months are additional opportunities with 2 ski resorts with 45 minutes in addition to winter climbing and other activites.
Costs (why it’s not 100% profit!!)
* Site and groundskeeping fees £243.32/month
* Electric - metered and we spent an average of £339.70/year
* Gas - bottles £95 and we spent an average of £856.60/year
Legal and small print
* No Solicitors Fees, No Stamp Duty, No Council Tax to pay.
* No secondary letting licence required - the park deals with that for you.
* Holiday homes do not normally qualify for a mortgage.
* The holiday park cannot be used as a primary/permanent residence.
* 16 years remaining on the lease, taking you to Jul 2040.
* If you want the park to manage your bookings, there is a 20% management fee.
* If you sell your caravan before the end of the leasehold (like this) there is a 15% transfer fee.
* At the end of the leasehold there is a £500 fee to remove the caravan.
Your estimated purchase costs
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Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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