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? OPPORTUNITY TO ACQUIRE AN ESTABLISHED HOLIDAY VILLAGE AND SUCCESSFUL
Price:
Freehold - £1,750,000
Location:
Cornwall, Kilkhampton
Business Type:
Corporate Businesses, Hotels
FINE PERIOD MANOR HOUSE INCLUDING RECEPTION AREA, OFFICES, 4 LUXURIOUS
SELF-CATERING APARTMENTS, LOUNGE AREA, BAR, TRADE KITCHEN, RESTAURANTS, TAKEAWAY/BURGER BAR, CABARET SUITE
COMPREHENSIVE ON-SITE LEISURE FACILITIES INCLUDING 22M HEATED POOL, SAUNAS, JACUZZI, INDOOR BOWLS GREEN, TENNIS COURT, SPA AND TREATMENT ROOMS, VARIOUS CHILDREN’S PLAY AREAS, SPORTS HALL LAID OUT FOR 5-A-SIDE FOOTBALL/BADMINTON/BASKETBALL ETC, SQUASH COURT, AMUSEMENT ARCADE WITH ASSORTED GAMING MACHINES & POOL TABLES
TOTAL OF 225 PRIVATELY OWNED CHALETS & COTTAGES ON SITE
PLANNING CONSENT FOR 10 X 3-BEDROOMED 2 STOREY LODGES
APPLICATION PENDING FOR 6 FURTHER UNITS
LETTING CONTRACTS FOR APPROXIMATELY 90 PRIVATELY OWNED UNITS
ON-SITE STAFF ACCOMMODATION
TURNOVER IN EXCESS OF £1.6 MILLION INCLUDING RENTS RECEIVED FOR YEAR ENDING 28/02/09
SALE DUE TO PENDING RETIREMENT
Our clients trade this Management run business all-year-round and in addition to the incomes derived from the Manor House and associated bars, restaurants and leisure facilities etc, currently manage and let approximately 90 of the privately owned chalets and cottages on site. In addition, the privately owned chalets and cottages are liable to pay service charges to our clients and commissions for the use of on-site facilities.
For the year ending 28/02/09 the trading Profit & Loss Accounts show a combined total income of £1,652,063 including rents received, producing a gross profit of £603,609 after deducting rents payable, which produced a net profit of £139,769.
Our clients have in recent years improved and extended the on-site facilities, most notably with the addition of an impressive cabaret suite suitable for functions such as weddings, company events and family parties. Adjacent to the Manor House is one of the most comprehensive leisure facilities to be found in North Cornwall, including a heated indoor 22m swimming pool with saunas, Jacuzzi, championship standard indoor bowls greens, various spa and treatment rooms, full-size sports hall suitable for 5-a-side football, badminton, basketball, netball etc and a squash court. These facilities are principally utilised by chalet owners and guests and offer tremendous scope for all-year-round usage with local sports clubs and societies.
Our clients have recently gained valuable Planning Consent for the erection of 10 additional 3-bedroom 2 storey lodges. We are advised by our clients that these units have retail prices of £137,500. In addition, our clients have recently sought Planning for a further 6 units and it is evident from an inspection of the park that a number of areas are still suitable for redevelopment purposes. For further information regarding the on-site facilities, please visit our clients’ website www.penstoweholidays.co.uk.
In the normal manner, further accounting information will be made available to prospective purchasers subsequent to a viewing appointment.
Penstowe Holiday Village enjoys a tranquil location on the edge of the delightful village of Kilkhampton. Kilkhampton is well-positioned for easy access to the nearby tourist resorts of Bude, Sandymouth and Widemouth Bay, which boast a selection of award-winning bathing and surfing beaches in addition to a wide variety of retail outlets, quality restaurants and tourist attractions.
North Yorkshire
£ 750,000
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