About this property
The property is situated within a delightful rural area. Lymn Bank is a country lane located off Wainfleet Road (B1195) and is located approximately seven miles west of the popular coastal resort of Skegness. Other nearby attractions include the delightful National Trust Gunby Hall Estate and the Gibraltar Point National Nature Reserve. The property is located approximately 40 miles east of the Cathedral City of Lincoln, easily accessible via the A158.
Superb Income Producing Barn Conversion/Holiday Cottage to include All Furnishings & Fittings – We are delighted to offer for sale, this beautifully appointed Freehold Property, occupying a plot of 1 acre. The barn conversion has been refurbished to an exceptionally high standard to provide stylish Open-Plan Living Space together with Five Bedrooms (one En-Suite), together with a separate Bathroom and an additional Shower Room. The traditional barn conversion occupies delightful grounds to include a Swimming Pool, Hot Tub and Wildlife Pond stocked with fish. In addition, there are attractive landscaped gardens including a children’s play area and a gravelled driveway/parking area able to accommodate several vehicles. The property is successfully run as a holiday let and generates a turnover of approximately £60,000 per annum. Full financial information is available to all seriously interested parties.
This beautifully appointed and fully equipped/furnished barn conversion offers superb living accommodation to include a stunning Open-Plan Living Room/Kitchen with a range of high quality Kitchen fittings including integrated appliances. The living accommodation has the benefit of a wood-burning stove and exposed beams complete the rustic charm. There are patio doors providing access to the patio area and below ground heated swimming pool and hot tub.
From the Kitchen area, a Hallway provides access to all Five Fully Equipped Bedrooms, with the principal Bedroom having an En-Suite Shower Room/WC. In addition, there is a separate Bathroom/WC and an additional Shower Room/WC designed to cater for large families or groups of friends.
The entire floor area extends to 119 sq.m (1,280 sq.ft).
Mains electricity and water are connected. Drainage is to a private septic tank. A ground source heat pump is installed to provide domestic heating supplemented by an LPG Fired Boiler. Additionally, solar panels are installed to provide hot water.
The property is available on a Freehold basis.
Rateable Value – £4,950.00.
In the event that a full rating liability is required, the current rates payable would be approximately £2,495 per annum (Rate to the pound for 2019/20 is 50.4 pence).
Prospective occupiers are likely to qualify for Small Business Rates Relief which, under the current framework, would give up to 100% exemption of rates liability, but interested parties should make their own enquiries.
VAT is not payable on the purchase price.
The property has Planning Consent for use as a ‘Holiday Cottage’ and is available for occupation 365 days of the year. It does not have consent for use as a principal dwelling.
Income Information – The property is successfully let as a Holiday Cottage with bookings already in place for the majority of 2021. Average annual turnover is in the region of £60,000. Further information is available on request.
Via Mundys Commercial.