Holiday Lettings for sale in Penallt

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Freehold Price: £975,000 Price Reduced Turnover: £55,208 Gross Profit: £52,447
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established holiday letting business in Penallt, Monmouthshire. The business was established in 1993 and has been in our clients` careful ownership since 1996. Only now is the business being offered to the market due to our clients` desire for a well-earned retirement. The properties are available to let as and when required and the business generates a turnover in the region of £55,208 per annum, with a gross profit of approximately 95%.

The turnover is generated from the letting of two holiday accommodation properties. Property one is The Old School, which is a converted 19th century village school and offers fully furnished accommodation with three double bedrooms that sleeps up to six people. The second is Capel Pentwyn, a late Victorian chapel in the Arts and Crafts style. The property was converted to living accommodation in 2005 and boasts luxury three bedroom self-catering accommodation, sleeping up to 5 people. Capel Pentwyn has been adapted especially for the needs of people who have a disability, making it wheelchair friendly with a ground floor single study bedroom and a wheel-in shower and bathroom.

Both properties are available for holiday or business rental all year round, larger groups can rent both cottages, which are adjacent to each other. Our clients` greet all guests on arrival to explain where everything is, as well as giving advice on local amenities. Both properties offer ample off street parking facilities, as well as free WiFi.

The properties are both very well-maintained and exquisitely decorated to a very high standard. The properties have an excellent reputation within the sector, which has resulted in a very loyal client base with a very high volume of repeat trade, as well as word of mouth recommendations. The Old School and Capel Pentwyn have excellent reviews on the popular website TripAdvisor and boasts a Welsh Customer Service award, 5 star rating from Visit Wales and is a 2004 Green Tourism Award Winner.

The business already has an extensive website in place to promote the business at www.capelpentwyn.co.uk. This is an excellent opportunity for a new owner, possibly a husband and wife team, to acquire a very popular, well-established and profitable concern; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Q West Properties is a holiday letting business with two beautiful character properties, ideally located in quiet village of Penallt in Monmouthshire. The premises are situated in a tranquil area of outstanding natural beauty, amongst the rolling countryside and boast spectacular views.

The idyllic village of Penallt is set high on a hill above Monmouth overlooking the River Wye and the ancient Royal Forest of Dean, and boasts a 17th century public house and a church that dates back to the 12th century, which was lovingly restored in 1887.

The area is very popular with tourists, walkers and cyclists, due to the outstanding country walks and scenery, which makes the village an ideal base for visitors. The area is served by public transport, with bus stops set within the village. The A40 is about a five mile drive away, which links to the vast A-road and motorway networks. Chepstow is approximately 13½ miles away and Newport is 27½ miles away.

PREMISES
Two self-contained holiday/business letting properties, set in tranquil countryside, briefly comprising:

THE OLD SCHOOL:

Ground floor:

The original school room has a high gabled ceiling and stone/polished timber flooring forming a magnificent open living space with a lounge, dining and fully equipped kitchen.

It is fully central heated and boasts a Victorian wood burning stove set in an original slate hearth.

Office/sitting room off the hallway.

Small utility room with washing machine, tumble dryer, sink unit and separate WC.

Double bedroom with fitted wardrobes and en-suite with WC, bidet, his and hers double sinks and step in shower. This room also has patio doors leading to a large flagged terrace overlooking the lawns to the woodland below.

First floor:

2 x twin or super king bedrooms, both have en-suites with tiled walls/floors, step in shower, WC and wash hand basin.

External:

Manicured gardens overlooking the Wye Valley.

Stone built car port and store to rear.

CAPEL PENTWYN:

Ground floor:

Late Victorian converted chapel with full disabled access with oak and antique tiled flooring.

Entrance hall, which soars to the high rafters and first floor gallery that overlooks the main entrance.

The former apse with wonderful stained glass windows now forms the elegant dining room with original Victorian tiles reset in an oak floor, an antique wood burning period stove (imported from Norway), set in a bespoke hearth created by a local sculptor from Forest of Dean stone.

Open plan kitchen/lounge/dining room.

Leaded windows throughout.

Single bedroom and en-suite wet room with shower, WC and wash hand basin.

Small utility room.

The ground floor is very wheelchair friendly and boasts disabled access.

First floor:

2 x twin or super king bedrooms, both have en-suites with tiled walls/floors, walk in shower, WC and wash hand basin.

Master bedroom twin or super king with built in wardrobes, bath and en-suite shower, WC and wash hand basin.

We are advised there is planning permission for an additional garage on the Old School House land. Plans can be available.

TENURE
We are advised Freehold.

HOURS
The business is open all year round.

STAFF
The business is owner run and managed with 3 x self-employed cleaning and maintenance personnel.

FINANCIAL PROFILE
The business generates a turnover in the region of £55,208 per annum, with a gross profit of approximately 95%.



Tenure: Freehold

Listed by: Hilton Smythe
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