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Avocet & Curlew, 11 & 12 Tunns Yard, Wells-Next-the-Sea, Norfolk

For Sale - Guide Price £495,000

2 2 2

Property Description

The Property

Avocet and Curlew are two one bedroom apartments in a single, purpose built building, just off the quay in the centre of Wells-next-the-Sea.

Each apartment offers around 50 square metres (538 square feet) of flexible living space; comprising a good sized living - dining room with sofa bed to accommodate up to two extra guests, a well equipped kitchen, bathroom encompassing a bath with shower over and double bedroom.  The apartments are arranged with Curlew occupying the ground floor and Avocet above on the first floor.  

They have been extremely well maintained by the current owners and are offered in very good condition, both well presented and furnished; but there is scope to further improve and upgrade the accommodation which would result in an increase in the rent chargeable and consequently the income available.

Outside

The apartments have completely separate entrances and benefit from a small private communal outside space to the rear of the building, approached via a gate, where it is possible to sit out in the sunshine and enjoy a coffee or glass of wine and read. 

Each apartment has an allocated, private parking space, just up the lane from the building itself.

Holiday Let Opportunity

Capacity: Sleeps up to 8 (in two apartments)

Income 2018 - 2019: £32,289.84

Occupancy: 53 weeks (across both units)

Avocet & Curlew have been operating as successful holiday lets for over ten years, achieving an average over the last five years of £30,471.92 per annum (gross rental income) with an occupancy of an average of 29.5 weeks per apartment.

They can be sold as turnkey properties with ongoing, transferable, bookings throughout 2019. 

The apartments are marketed through Norfolk Hideaways as sleeping up to four guests, 2 in the bedroom & 2 on the sofa bed in the main living room and a housekeeping team is in place; so there could easily be a seamless change of ownership with no loss of future income or bookings.

The Location

The apartments are found on Tunns Yard, which whilst being just a minutes walk from the quay in the centre of town, is still a quiet lane with very little through traffic.  From your front door, you can walk in to town to the shops - there is a bakery, fishmonger, butcher and great fruit & veg shop on Staithe Street and you can also stroll out along the sea wall to the beach in about 15 to 20 minutes.  

Wells-next-the-Sea is an ever increasingly popular holiday destination in North Norfolk.  The sandy beach with its pretty painted beach huts and pine woods behind, is ever popular, scooping the coveted title of British Beach of the Year from The Times in 2016 and there is a great beach cafe just off the beach at the car park.

In town there is a great choice of restaurants, cafes, pubs and two famous fish & chip shops to choose from and an ever improving choice of shops and boutiques to browse.  The addition of the new Maltings building, North Norfolk's landmark cultural centre, a good sized Co-op supermarket and self service petrol station have also been a great benefit to the town.

Wells-next-the-Sea is located around 10 minutes drive from Holkham Hall and 20 minutes from Brancaster, Holt or Fakenham.  

Other Information

Services:   

Mains electricity, water and drainage

Energy efficiency rating:     

EPC shown below is for Avocet, Curlew has an EPC rating of E.  Full EPC details are available on request

Council Tax:                       

North Norfolk District Council.  To be confirmed / Currently Business Rated 

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