A 2 bedroom holiday letting property, recently refurbished to a very high standard is being marketed for sale. Located in a conservation area in the Howardian Hills, 15 miles north of York, the property cannot be used as a permanent residence, but may be used as a holiday let for 52 weeks of the year. The property is a mid terrace in a row of 4 properties, all with the same usage criteria.
The property comprises an open plan kitchen / diner / sitting room (c 24m2), two bedrooms (a double and a single), a shower room and a small courtyard garden. It also enjoys superb views, as befits a conservation area.
The current owner lives abroad and is not involved in the day to day running of the property, with the exception of having a ‘light touch’ on the coordination of some bookings (typically less than an hour a week). All cleaning, laundry and maintenance services are subcontracted to a local team.
The owner can demonstrate high levels of occupancy, the local area attracting tourists for many reasons. It is popular for both walking and cycling and York is a year round destination, as is the North York Moors. The coast is little more than 40 minutes away and Castle Howard, 10 minutes away, is a major draw for all sorts of events. Malton, the local market town, has re-invented itself as a food capital full of niche producers and the local area, incorporating several Michelin starred places to eat, is now a ‘gastro’ destination.
Typically, turnover is c £20,000 per annum, generating profits of c £13,000 per annum. The business is in ‘tick over’ mode and a new owner may well find opportunities to improve the returns further.
The opportunity will suit both serial investors and those looking for a Yorkshire ‘bolt hole’ that can also operate as a lifestyle business. The conservation area status insulates the purchaser from future planning developments that might blight the opportunity.
The guide price for the property is £160,000 to include all fixtures, fittings and furniture. It is expected that the local contacts that manage the property will be pleased to continue to do so, thus ensuring a seamless transition for the buyer.
The business is being marketed by www.sellmysmallbusiness.couk and enquiries should be addressed to them. Please do not try to contact the vendor directly.