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Asking Price$1,978,338
Revenue$133,918 Established1890
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Listed House and 3Luxury Listed 5* Holiday Lets
Ref.AC345
Location Suffolk
Asking Price £ 1,300,000
Freehold

Asking price includes:

Turnover circa £88,000 per annum
5 Star Gold award for the 4th Year running from Visit Britain
Can be run from on or off site
Situated in a prime position close to a beautiful market town in Suffolk
Huge potential for new owners to explore
Main Freehold Residence plus 3 luxuriously equipped refurbished holiday lets
Rental incomes from property lettings
Growth opportunities
Close to nearby market town
All fixtures and fittings
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 a four bedroomed house and three adjoining luxury self catering properties ideal for large groups of up to 16 guests, 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 5 Star Gold award for the 4th Year running from Visit Britain.

The owners have made the most of the extensive property and have divided it into four separate living units. The owners currently occupy the well-appointed three storey attached house. On the ground floor of which 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.

In addition there are three adjoining self-catering holiday lets:

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

Cottage 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.

Cottage 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
Facilities:Set in a stunning location close to a world-renowned, highly fashionable market town in the county of Suffolk and not too far from the coast, the locality is a hub for events and places to visit. Not quite on the Suffolk coast the area offers an abundance of the very best restaurants, pubs and shopping. This historic market town is situated on the banks of the river Deben, visitors can take a boat trip, canoe, scull or sail, take a walk around the old town or along the river bank. The property is set on two titles which should allow for a significant reduction in stamp duty.
Growth Potential:There is considerable opportunity to increase 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. For a retirement couple this is a fantastic opportunity to live in a beautiful part of the UK while enjoying an outstanding income and lifestyle.
Sale Reason:The current owners have started their next refurbishment project.
Ad #68978
Seller Reference #AC345
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Turner Butler
0044 1895256000
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