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 an exclusive cottage 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 within the 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, enter the property into a management contract with the managing leisure group. Cottages within the management contract will be fully furnished to hotel standard and receive an 8% yield for 3 years, 1 week's 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 cannot be used as a main residence.

The project is located in the village of Sandsend popular with the established holiday market and is set to increase in popularity with the opening of the new 5* hotel at Raithwaite Hall, recently completed in 2011. This £30 million project is the sister project to the Flaxby Country Club, situated 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 outstanding resort. It will be possible to benefit from the facilities offered by the hotel, including laundry service, room service and the concierge, making these very 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 selected units will also feature hot tubs.

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 world-wide 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.