Lakeside, Isleham Marina, Fen Bank, Isleham, Ely, CB7

Superb investment opportunity. This WATERSIDE lodge is a popular HOLIDAY LET with bookings into 2023. Contact our office for more information on rental income. Yields of approximately 5-6% based on 2021 earnings.

Welcome to Riverside Island Marina, Isleham, a unique combination of Swedish style waterside chalets and marina. The complex is set in woodlands, with a one mile circular walk around the island, wandering through shaded tree-lined paths. Over one hundred lodges nestle in the tree-lined inlets, each with its own water frontage and guaranteed moorings. Moorings are available for short and long term periods, both for boat storage and for live-aboards. Electrical hookup, water, LPG are all available.

Description:
'HOLIDAY LET'
This two bedroom Isleham Marina lodge is positioned on the lakeside with fantastic views to the front and rear. The property is available to investment buyers looking to dip their toe in the holiday let market. The lodge is popular with strong levels of bookings in 2023. The property yields at gross 5-6% with income forecast for 2023 available. Contact the office for more information. Bills and costs are estimated at a current maximum of ?3,000 pa and have been included in the yield calculation. (Please contact the office for futher details).

This lodge benefits from loft conversion allowing a second bedroom and wc facilities. As the lodge is being sold on an investment basis, the property comes fully furnished down to the rowing boat moored to the rear.

The current vendors have the pleasure of passing their 5* rated property to a welcome investor who is looking to take on the current booking system, website and clients that have been developed over 15 years.

The new vendors will have the option to interupt the letting schedule to use the lodge for personal occupation as required.


FEATURES:
Tenure: Freehold
Parking: Off street for 2-3 cars
Gardens: To front, side and rear
Heating: Calor gas boiler to radiators
Doors/windows: Double glazed, part timber framed
Council tax band (2022/23): A ?1,380.20
EPC rating band: E (potential for D)
The service charge for the lodges ?660 per year or ?55 per month from the 1st January 2022.

The accommodation comprises of:

Living Room:
Open plan living space with patio doors over looking veranda and water to rear, windows to both sides; stairs to first floor; open to:-

Kitchen:
Open plan kitchen area with inset sink, free standing cooker and under counter fridge. Window to side.

'Jack 'n' Jill Bathroom/ En-Suite:
Low level WC, hand basin and bath with shower over. Window to side.

Bedroom 1:
French doors to front; built in wardrobes, windows to side.

On the first floor:
Bedroom:
Windows to sides. Partition wall to allow for a third bedroom.

WC:
Low level wc and hand basin.

Outside:
To the front there is a gravelled drive for off street parking and pedestrian access to the rear garden.
Timber sheds with power supply for further appliances.
Gravel to rear leading to timber mooring. Raised veranda with 'al fresco dining' area.

AGENTS NOTE:
1. Mortgages are available via a local broker, (please contact the Balmforth office for details).
2. Property/Buildings insurance is generally in-line with conventional residential property (please contact the Balmforth office for details).
3. The Marina levies a service charge to cover the maintenance for the whole site (currently ?690 per year-2022).
4. Most of the lodges were constructed approximately 35 years ago.
5. Although originally constructed as holiday accommodation (not all year round occupation) full residential occupation is now accepted (please contact the Balmforth office for details).
6. Contact the agents to discuss interest and for further details on current income potential. The bookings for 2023 are committed to contractually and cannot be broken.

Isleham village (1 mile away) has many local amenities these include:- a small Co-op supermarket, village stores, primary school, three public houses and three churches. The nearby towns of Newmarket, Ely and Mildenhall are well served by a larger variety of shopping amenities together with schooling for all age groups and recreational facilities.