Apartment One The Chalet is a ground floor lateral apartment that has been cleverly designed to maximise the breath-taking views across Saunton Sands Beach and Braunton Burrows.
The Chalet – for sale leaseholdFinished in 2017, this apartment forms part of a particularly impressive new build, contemporary block of 7 apartments situated in a prime waterfront and surfing location with an established, successful holiday rental business. The development has breath-taking views looking down Saunton Sands beach, an internationally renowned surfing beach. The locality is a designated Area of Outstanding Natural Beauty, Heritage Coast and Coastal Preservation Area because of the high scenic qualities of this part of the North Devon coast.The property is located in a prime position looking down the high water mark at Saunton Sands, on the north coast, south facing. Neighbouring the Chalet is the Saunton Sands Hotel. A fabulous four star art deco hotel, with a large heated pool, gym and spa facilities.North Devon has an increasing number of Michelin starred restaurants and is ever evolving as new business descend on the area taking advantage of the rapidly growing UK tourism market. Saunton is a rugged unspoilt peninsular between the villages of Croyde and Braunton. The Chalet benefits from a historic right of way to the beach. The property has been owned by the same family since 1946 and Apartment One is the first and only apartment to come to market. It has its own private terrace to the front and parking behind the building for one vehicle. The property has solar power providing electricity to the communal areas. Holiday LettingsThe Chalet Saunton opened in 2020 and received huge acclaim in the national and international press. Apartment One is currently let out for short term holidays throughout the year and is as desirable out of season as in high season. The lifestyle offered in North Devon is unique and attracts a large number of professional people and their families. Holidaying in the UK offers families and couples alike a multitude of advantages – avoiding airport queues, delays, travel time, extremes of temperatures and costs. With North Devon only about 3 hours travel from London, Apartment One Chalet Saunton is ideal for a weekend break. Further details are available at https://www.chaletsaunton.comFurnished holiday let properties have tax benefits far outreaching most other taxed asset classes. (See HMRC HS253)•
Can claim Capital Gains Tax reliefs for traders (Business Asset Rollover Relief, Entrepreneurs' Relief, relief for gifts of business assets and relief for loans to traders)•
Are entitled to plant and machinery capital allowances for items such as furniture, equipment and fixtures•
The profits count as earnings for pension purposesPlease contact a professional accountant for further details as every potential buyer will have different tax situations and circumstances. The Chalet comes with a beneficial treatment of 'holiday restricted' and this grants the right to let properties without punitive restrictions. For further information see:https://www.gov.uk/government/publications/furnished-holiday-lettings-hs253-self-assessment-helpsheet/hs253-furnished-holiday-lettings-2020https://www.thetimes.co.uk/money-mentor/article/tips-renting-out-holiday-home/Please note that this is guidance taken from the HMRC website and is not tax advice.General Information• 999 year lease • PGC performance guarantees available• Ground Rent £500 per annum • Service charge and management fee is estimated at £5000 per annum
North Devon CoastThe highly desirable hamlet of Saunton is positioned on the ridge overlooking the beach and flanked by the UNESCO designated world biosphere reserve Braunton Burrows, (an Area of Outstanding Natural Beauty). Croyde and Georgeham VillagesCroyde and Georgeham enjoy a welcoming community of permanent and holiday home families and individuals wi