Excellent Investment Opportunity Regular Income In Superb Location For Sale

Business description

• Residential Income
• Privately Owned
• Stunning Location
• Licensed Site
• 4 Bedroom Owner’s Accommodation
• Will Interest Developers and Investors
• Potential Expansion

A Wonderful Opportunity to Acquire this investment complex. The Site Comprises Spacious 4 Bedroom Detached Bungalow, 20 Chalets, Detached Licensed Pub, Outdoor Swimming Pool and Further Development Opportunities. Early Viewing Recommended.

BUSINESS PROFILE
The site has been under the careful ownership of our clients for the past 14 years. During this period, great care and consideration has been taken regarding the development of the complex. The site offers a rare opportunity with considerable potential for prospective purchasers.

The site comprises of the following:-

- 20 Chalets:– 13 x 2 Bedroom - 7 x 1 Bedroom
- Detached Licensed Facility (Jolly Roger Pub)
- Outdoor Swimming Pool Area
- Detached Indoor Recreational Facility (13,500 sq. ft).
- Single Storey Private Dwelling.
- Further Development Opportunities.
- Circa 2.8 Acres.

On site at present, 16 chalets provide full residential with appropriate Certificates of Lawfulness. The vendors are in the process of applying for one further Certificate of Lawfulness.

We are advised that a further 3 chalets are let with holiday use although, they are currently let on Assured Shorthold Tenancies.

The site benefits from Planning Permission for 17 chalets to be constructed pursuant to the 1969 Planning Permission Certificate of Lawfulness for Proposed Development Ref: (PA06/00397/LD).

We are of the opinion that the site provides an excellent opportunity for a new owner to take advantage of the existing residential rental income. It is considered that the business can be developed further with improvement / expansion of the leisure facilities (subject to appropriate planning consents).

For the past six/seven years the site has not operated with holiday usage.

OWNER’S ACCOMMODATION (all dimensions are approx)
Believed to be built in the 1960's, the property is a spacious and well appointed four bedroomed detached bungalow benefiting from UPVc double glazing and oil central heating throughout.

The accommodation briefly comprises of: - a generously sized kitchen/diner, four bedrooms, separate cloakroom, study, family bathroom, and spacious dual aspect 20' living room.

KITCHEN/DINING ROOM (21’8 ft x 9’6 ft)
Fully fitted cupboard units. Breakfast bar. Built-in oven. Part tiled. Fridge/ freezer. Patio doors with access onto side garden.

Door to :-

HALLWAY (9’9 ft x 7’4 ft)

Door to:-

OFFICE (8’7 ft x 9’ ft)
Window to rear. Loft access.

CLOAKROOM/W.C

Door to:-

BEDROOM 1 (10’ ft x 9’ ft)
Window to rear.

BEDROOM 2 (18’ ft x 10’ ft) Two windows to front.

Door to:-

HALLWAY

BEDROOM 3 (10’3 ft x 10’ ft)
Window to front.

Door from hallway to :-

BEDROOM 4 (10’ ft x 10’ ft)
Window to front.

Door from hallway to:-

LOUNGE (20’4 ft x 11’09 ft)
Two windows to front. Further window to side.

Door to:-

BATHROOM
Window to front. Part tiled. Shower cubicle. Hand Basin. W.C. Bath. Tiled flooring.

OUTSIDE
To the outside of the owner’s accommodation there is an attractive lawned area with spacious utility room to the side.

GARAGE

WORKSHOP
23’ Square with part mezz flooring.

EX MOD BUILDING
(Comprising of Circa 13, 500 sq. ft). Semi-derelict building which is currently utilised for the owner’s paintball business which, is being relocated. The building benefits from washroom facility and toilets to the rear. We are advised that this building benefits from Planning Permission.

OUTDOOR SWIMMING POOL
Pool with terrace area. Heated by LPG.

‘JOLLY ROGER’ BAR
The bar currently operates with a Premises Licence. The Jolly Roger consists of: - Bar area with tables, chairs and pool table.

To the side of the bar there is a kitchen area and cellar facility to the rear. On entering the bar there are separate ladies and gents W.C. facilities.

SERVICES
We are advised that the water and sewerage is serviced by a private facility, however, should one wish there is a possibility to connect to the mains which fronts the main road.

FINANCIAL INFORMATION
We are advised that the current level of income is circa £85,000 per annum.

REASON FOR SALE
The owners wish to pursue other business interests.

RATES
We refer you to the Valuation Office website: www.voa.gov.uk for an updated rates assessment.

Property Misdescription Act 1991
Property details contained herein do not form part or all of an offer or contract. Any measurements are included for guidance only and as such must not be used for the purchase of carpets or fitted furniture. We have not tested any apparatus, equipment, fixtures, fittings or services neither have we confirmed or verified the legal title of the property. All prospective purchasers must satisfy themselves as to the correctness and accuracy of such details provided by us. We accepts no liability for any existing or future defects relating to any property neither in legal title nor in the fabric and structure of any property.

Property information

Property:

Freehold

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