Total of 18656 firms and businesses for sale today Tuesday 19th March 2024
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Sold. Luxury Listed 5* Self Catering Accommodation Of Considerable Character

LISTING DETAILS
Firms For Sale ID:
33967
Vendor reference:
AC345
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,300,000  
Turnover / revenue:
£88,000
Net profit / cashflow:
Undisclosed
Years established:
124

OTHER DETAILS
Reason for selling:
The current owners have started their next refurbishment project.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Luxury Listed 5 Star Self catering Accommodation of Considerable Character
Ref.AC345
Location Suffolk
Asking Price gbp 1,300,000
This is a unique opportunity to acquire a beautiful holiday let accommodation of substantial character. The property dates back to 1890 and is situated in an enviable position close to a beautiful market town in Suffolk. The luxurious accommodation comprises of three adjoining luxury self catering properties ideal for large groups of up to 16 guests who can book the whole house, or for couples and families booking the individual units. The properties are ideal for many social occasions, large family gatherings, hen parties etc.
The property has recently been awarded the Gold Award for tourism in 2013.

The owners have made the most of the extensive property. The holiday accommodation comprises of a well-appointed three storey attached house. On the ground floor is an open plan kitchen/breakfast room with snug, utility and cloakroom. On the first floor is a living room with side study area and on the second floor are 4 bedrooms, an en-suite shower room and family bathroom. There is a range of adjoining store buildings and a private garden with parking to one side. The property is currently used as the owners primary residence.

Let 1 sleeps 4 and extends to approx.. 935 sq ft and is an open plan two bedroom house set over two floors.

Let 2 sleeps 8 and extends to approx. 1,894 sq ft and is centrally positioned in the building. It is the larger of the cottages covering four floors. There are 3 large bedrooms and two bathrooms.

Let 3 sleeps 4 and extends to approx. 1,521 sq ft over four floors and has 2 bedrooms, a bathroom and en-suite shower room.

The cottages are first class, spacious, cosy and very well-equipped and furnished with quality fittings. The entire property has been subjected to a total high class refurbishment These are really stunning properties, all spacious and comfortable.

Expansion Potential
As previously stated, the business is missing out on income as the present owners mainly undertake weekend bookings. Upfront deposits are taken at the time of bookings. Investment can be made to attract more visitors for weekly bookings. The complex is ideal for use as hen party weekends etc. and marketing could be undertaken in suitable magazines to attract additional business. The owners have also identified there is potential income in organising/developing various activities and leisure pursuits such as pampering, catering, adventure days etc. which are hugely popular and often requested by large group bookings. Currently this is sub-contracted out with no personal income, as the owners do not have time to develop this due to other commitments.