Freehold Self Catering Apartments For Sale

Business description

Bag a Business Ltd is delighted to offer sale Bushy Park Lodge, which was established by our client in the 1970s, with the property being rebuilt in 2005. This excellent and highly profitable business offers eight double studio flats and one duplex penthouse apartment on a short let basis and produces an annual turnover of £155,000 with net profits in excess of £100,000. Occupancy rates are currently 90/95%, with our client having many long-standing contracts. There has been little or no marketing carried out and our client tends to use websites such as Laterooms.com to advertise any spare occupancy The apartments have been built to a very high standard and include kitchen facilities and showers with quality fittings. There is individual meters for water, gas and electricity, with the studios enjoying electric heating and the penthouse has gas central heating, making the transition to residential use much easier, if required, (subject to planning). This is a wonderful opportunity to acquire a highly profitable business with the benefit of an investment property and we would strongly urge early viewing.

Property information

Property:

Freehold

Living accommodation:

PROPERTY DETAILS A substantial detached property built in 2005 comprising 8 self-catering studio flats and one self catering duplex penthouse apartment with four zone alarm system and car park for eight cars. The property further benefits from C1 usage. GROUND FLOOR All studios have en-suite shower rooms, W/C and sink, together with open plan kitchen area. Reception hallway housing four zone alarm system and laundry room with washing machine. Rooms 1, 2 and 3 have own access from car park and double sofa bed Room 4 - double bed and garden FIRST FLOOR Room 5 - twin/double bedroom Rooms 6, 7 and 8 - double bedrooms SECOND FLOOR Duplex penthouse apartment with: Large lounge/kitchen area with double doors to the balcony overlooking Bushy Park Double bedroom with en-suite shower, W/C and sink Family bathroom with bath, sink and W/C THIRD FLOOR Galleried sitting room with views over Bushy Park Double bedroom EXTERNAL Parking for 8 cars Door entry system

Location:

Bushy Park Lodge occupies a highly visible and desirable location on Sandy Lane in Teddington. The property is adjacent to Bushy Park and many of the rooms enjoy stunning views. Bushy Park is the second largest of the royal parks of London, being of some 1,100 acres and benefiting from fishing and model boating ponds, as well as being a haven for wildlife, including red and fallow deer. The area is a mix of residential, retail and offices, with the Thames TV Studios and the Haymarket group located at Teddington Lock, along with three major laboratories. The business is on a major bus route and close to the train station at Teddington, offering easy access to Central London.

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