Established Holiday Unit - Yarmouth, Isle of Wight

The West Bay Club is a gated community filled with beautiful communal gardens, laundrette, free on site parking and 106 privately owned cottages.

10 Delaware is end of terrace 2 bedroom brick built house with private entrance with coded key box to gain access.

Gated on site parking on site and close to the cottage. 

Bright and airy open plan living with all the amenities to make it feel like home from home. Outdoor seating allows for a al fresco retreat.

Nestled just up the road  and walking distance from the quaint and iconic town of Yarmouth, with stunning harbour (including Wightlink Ferry), pubs and restaurants, close to beaches, historic attractions, adventure parks, farms and surrounded with stunning walks and views; it's the perfect base for your Isle of Wight family and friends staycation.

Business:

The cottage is a leasehold property on a commercial site. We pay a percentage of the communal service charge which covers sinking fund, full site management and BUSINESS RATES. It is classed as a business and NOT a second home therefore is exempt from government second home penalties (no council tax) and exempt from the landlords and tenants acts in regards to letting.

The cottage lets out from £120 a night in off peak seasons up to £180 a night. Short term holiday lets only permitted, no STAs, permanent living or long term lets by council holiday let requirements. Available to let out 52 weeks of the year. This is not a park home, caravan or camping site. The site does not shut at any point throughout the year.

As an owner,  you are invited to join the Tenants Association which has a discount deal with Wightlink ferries providing massive discounts for the ferry crossing and also gives the opportunity to  earn extra when booking it for your holiday makers. For example: The ferry crossing for a week in August 2026 from Portsmouth to Fishbourne with a car return costs a total of £270, with owner discount, it costs only £110. Then you charge the holiday maker £200. 

There are currently two methods of letting via the remits of the lease: letting via the site agent (as permitted in the current lease) or extend the current lease via Deed of Variation (DoV2) at additional solicitor costs of approx £800 and be allowed to let via your own methods. 

Commissions and pricing structures to let vary eg the site agent take fee, commission and manage all bookings and payments, or DoV2 is flat one off payment of £500 per year to the site and you manage and control all bookings and payments.

Whats Included in the sale:

Leasehold holiday business, fully fitted and equipped and ready to earn. 

There is one king size bed, two single beds plus a air mattress or travel cot for an infant/child only. It can sleep 4 plus 1 child comfortably. Two sofas, dining table and chairs, outside seating on decked area and all soft furnishings (excluding linen).

There is a travel cot with bassinet, stair gate and high chair. There is a blow up bed also for additional guests.

The kitchen is fully equipped with oven, hob, microwave, fridge/freezer, dishwasher, toaster, kettle, coffee machine and all pots, pans, glassware and crockery. There is also an iron and ironing board. There is a smart TV in the lounge and main the main bedroom. 

The laundrette on site charges guests £4 per wash or dry. There landscaped gardens and pathways. There are no other amenities on site. All restaurants and attractions are either walking distance or a short drive.

Access from the mainland is by ferry to either Yarmouth (5 minutes from the cottage and available by foot) or Fishbourne (35 minutes drive)

The cottages have a no pet policy however service dogs are allowed by law. There is an area suitable for dog exercising to the rear of the cottage, please keep dogs on leads and tidy up after your dog.

Service Charge & Management:

In the management pack requested by your solicitor, you will receive copies of last 3 years service charge accounts, cottage statement and full history disclosed. The service charge had increased over the years until the leaseholders successfully won a FTT action for a significant rebate and lowering service charge costs for 2025 onwards with a reduction of 14% on previous years (will be showing in accounts 2025 onwards when available).

This was due to a new approach from the registered and recognised Tenants Association (RTA) which is run by 10 cottage owners (seller included) and has direct line of communication with the landlord and managing agents. It is actively managed and full disclosure of accounts and services is available through the seller. 

The service charge for 10 Delaware is currently £5,200 (due to reduce for 2026) which includes business rates, building insurance, tv licence, fibre broadband, ground maintenance, laundrette and sinking fund. There is an on-site grounds and management team all year round.

Ground rent is currently £460 per year with a standard 3 year review and set inflation calculation.

Summary:

This cottage has been listed and successfully rented via Airbnb and agents over the years with an average profit possible of £15k pa making this an amazing return for your investment. It is not currently being let due to the seller's personal circumstance.

There are some building works going at the rear of the West Bay Village during 2026 which is visible from the site, however this has not affected the rates of bookings for this property or the rest of the cottages.

There are numerous properties all privately owned and come up for sale every now and then so also an opportunity to expand your portfolio.

This business is ready to go and being sold due to change of circumstance and the need to release equity.

Solicitors will need to contact the management agent via the seller to arrange lease and land registry transfer and external fees will apply.

Price is lower for serious business investors then estate agents recommendation.

A £2,500 deposit will be required to instruct the management company to start paperwork however, the seller has all accounts, lease copies and history available and available upon request by serious cash buyers buyers only to avoid any 'solicitor surprises' or sale falling though.

Due to location, viewings are available with one weeks notice.

OPEN HOUSE AVAILABLE SUNDAY MAY31st 11am to 3pm - message to register your interest!!