Holiday Flats/Apartments for sale in Newquay

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Holiday Homes - Cornwall

Newquay, Cornwall, England

  • Freehold Price: £110,000  Price Reduced arrow_drop_down
Seller Reference: KBT47236
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: KBT47236
Request Details
Business Description
• Located on year round holiday complex with excellent site amenities. Excellent lifestyle business
• Turnover excess 60k EBITDA excess 30k
• Stand alone easy to run business or ideal corporate add on acquisition
• Low annual ground rent, 5 static caravans freehold, new stock

Ideal opportunity to acquire 5 modern caravans with year round living rights based Cornwall. Located on year round Holiday park. 5 units 2 years old. Booking for holidays t/0 excess 60k Profit 30k Unit values £100k for 5 Genuine reason for sale by the owners due to distance
Ref: 47236

This is a delightful opportunity to purchase a group of 5 Deluxe static caravans located in Cornwall.

the business is currently trades as holiday lets however, the right exists for all year round living, currently being sold due to the distance the owners live from these.

The business itself has undergone a significant upgrade in the past 6 months, an outdoor pool, play area and on-site club with nightly entertainment and kids clubs.The premises is beautifully furnished with everything clients or owners need to enjoy a fantastic holiday. They are situated in a cluster within the park which makes them ideal for larger group bookings The homes are situated higher up in the park so allowing a reasonable mobile signal and are just a couple of minutes walk to all the amenities and dog-walking area. Each home has free Wi-Fi and a brand new ,outdoor gated terrace. Each terrace is south facing to make the most of the beautiful Cornish weather and is lockable.

Each holiday home features a fully-equipped kitchen, a seating area with a flat-screen TV with DVD player, and a decked area. Free WiFi is available at many locations around the resort. 1 unit is pet friendly.

Bookings are done online, They hold the Booking.com Guest Review Awards - average review 8.6 - now at 8.7
Other sources of their bookings are from Airb&B and facebook pages.
The vendors advise us that all 5 have residential rights.
We have not verified this information and insist buyers verify this with their own solicitors.

The 5 pay an annual ground site rental of approx £19,000 for all 5 and this includes the water they use and sanitation with full use of the amenities.

Current estimates of the statics show a freehold residual value of 15 to 20k each one so the business is a real bargain for someone living closer, or a lifestyle client who wishes to live in one and offer the other 4 for rental to support the lifestyle.

The business had a turnover for 2017/18 of £56,104 with a n

Summary. This business opportunity offers an excellent return on efforts and has operated for 2.5 years. Being able to be relocated for operations as most of the rentals is done online
The business is operated as a partnership between mother and son, the vendor will consider a goodwill plus assets sale.
This business will attract the seasoned operator as well as someone wanting to generate their own holiday portfolio
The business on offer represents an ideal opportunity and demand is expected to be exceptionally high, therefore early viewing is a must
Tenure:
Freehold
Is accommodation included?:
Yes
Listed by:
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