All inclusive holiday cottages released for sale

The opportunity to purchase an interior designed and fully furnished holiday cottage is now available at the spectacular Gara Rock resort in South Devon.

Two of the three-bedroom cottages at the exclusive holiday retreat are now available to purchase fully furnished and with a guaranteed rental income of five per cent for the first three years of ownership.

Buyers can choose from two bespoke styles of décor, one created by the talented up-and-coming interior designer, Henrietta Thorn. The interiors elegantly blend the best of contemporary design with raw, natural materials which draw in the essence of the coast. This fabulous offer also includes all the luxurious furnishings required to enjoy a coastal holiday including sand coloured sofas, timber dining furniture, large double beds and decorative wall hangings.

Henrietta comments: “I really wanted to create an interior that is cohesive with the surrounding coastal environment. The cottage décor blends wonderfully with the rugged landscape outside.”

In addition to the furnishings, buyers will also be guaranteed a rental income of 5% per annum on the property purchase price for the first three years of ownership through the letting of the cottage to holidaymakers.

Rob Dickson, Chairman of Coast Group explains: “Purchasers can now look at a Gara Rock property as an investment, not just as an exclusive, luxurious and low maintenance second home. There are also a number of tax benefits to consider. Holiday homes can be more advantageous than other investment options as leasing a furnished holiday home can be treated as a lettings business. You can recover the VAT within the initial purchase price and on any other expenditure associated with this business. Any interest charged on your mortgage should also be tax deductable.”

Letting fees and housekeeping are included within the offer and a wide range of services, including a concierge and lettings service, are available to purchasers, ensuring the lettings process is stress free. The maintenance of the Gara Rock complex will be covered by the service charge, which includes the up-keep of the gardens and resort facilities.

Rob Dickson adds: “The South West region is one of the most popular UK holiday destinations, with four of the region’s major cities and towns listed in the top twenty most visited towns in England.* Gara Rock provides exceptional and unique holiday accommodation for those seeking a very special but un-crowded and secluded get-away and also offers the perfect investment opportunity. We expect the South Devon coast to remain popular with tourists and investors in 2011 and beyond, making this the ideal time to purchase a beautiful Gara Rock cottage or apartment. ’’

Coast Group specialises in developing luxury coastal property developments in unspoilt locations along the British coastline. Coast Group’s first project was the highly successful and popular development Oceanpoint, at Saunton Sands, North Devon. The current project, Gara Rock, is a truly exclusive and isolated holiday haven of just five cottages and 14 apartments. There will also be a boutique hotel with 18 bedrooms, a stylish restaurant, an holistic spa and extensive facilities including an indoor and outdoor pool.

Three bedroom cottages at Gara Rock start at £650,000. For more information on the Rental Income Guarantee scheme, the all inclusive cottage package or the other properties on offer at Gara Rock, visit: gararock.com

*Source: GOSW Regional Intelligence Team; Last Updated: 2010 gosw.gov.uk/497666/docs/220636/309014/swkeyfacts.doc