An opportunity for a second home with good rental potential in sought after location

The Cottages at Raithwaite Hall

Principal International are delighted to advise our clients of an excellent opportunity to acquire this exclusive cottages within the exciting Raithwaite Hall development. This outstanding estate is located just a few minutes from Whitby Bay, and enjoys a setting of over 80 acres of the local countryside. The delightful landscaped grounds are well  maintained and include various gardens, lakes and bridges.

Purchasers of these cottages can use the property for their own personal use and holiday lets or have the alternative of handing the property over to the developers leisure group on a management contract . Cottages within this scheme will benefit from the units being fully furnished to hotel standard, an 8% return for three years, 1 weeks personal use per annum and a contribution towards solicitors costs.

The cottages can attract traditional finance as they can be used 365 days a year with the only stipulation that they cannoy be used as a main residence

The project is located in the village of Sandsend popular with the established holiday market and also with some A list celebrities. The area is set to increase in popularity with the construction of the five star hotel at Raithwaite Hall due to be completed Summer 2011. This £30 million project will be the sister project to the Flaxby Country Club on the edge of York.

The luxury cottages on site and those being planned enjoy mature settings and will form an integral part of this oustanding resort. It will be possible to benefit from the facilities offered by the hotel such as laundry, room service and concierge making these one of the most desirable properties. The cottages will be finished to a high standard with a sustainable heating system and will be offered with a 999 year lease. They will also have landscaped garden areas and hot tubs for up to four people on selected units.

The Raithwaite Hall development is set in the heart of the North York Moors, an area  of outstanding beauty with heather covered dales and moors providing a breathtaking landscape. The coastal area provides an alternative stunning backdrop of sweeping sandy beaches and spectacular cliffs. Unsurprisingly this area boasts some of the finest outdoor pursuits in the UK with a worldwide excellent reputation for the local shooting. The location of the estate offers both salt water and fresh water fishing to anglers, with the estate boasting its own well stocked lake.