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Spacious Individual Home Plus Three Holiday Cottages For Sale

Instow, Devon
Asking Price:
£500K - £1M
Turnover:
Under £50K
Net Profit:
Under £50K

Home with income that doesn't impact too much on the privacy or enjoyment of the principal home.

A small but thriving lifestyle business located in beautiful Devon within the sought after estuary village of Instow.

Large stone 4 bedroom main house , attached
Detached 2 bedroom Cottage, very private..............google 'Oaktree Cottage Instow' for more pictures
Barn Conversion 1 bedroom, vaulted ceilings .......google' Swallows Instow' for more pictures
Studio with own entrance, bathroom.

4 spacious double bedrooms, large open plan lounge/ 2 dining areas with wood burner, large stone fireplace, wooden floors throughout except kitchen which has quarry tiling . note; The ceiling of the lounge height 7' 3'' not low as may appear in the pictures.
Kitchen/diner, conservatory, utility, garage, summer house large plot with lawns well stocked gardens, pond with an abundance of water lilies, also an ornamental small pond with lion head fountain, mature oak trees,willow,Magnolia, and many more, Plenty of parking for 7-8 cars on driveway.

Situated on the B3233 ( not a busy road , but has its moments!!) 20 mins walk to Instow Beach and shops, on bus route to Barnstaple 6 miles or Bideford 5 miles buses to London leave Instow weekly daily to Exeter.

Detached 2 bedroom stone cottage, 50mtrs away from main house very private with own garden and picket fencing ,large open plan lounge/kitchen with vaulted ceiling, both bedrooms are double.The path leading to Oaktree is lit at night .

One bedroom barn conversion vaulted ceilings open plan Lounge/ kitchen, Large double bedroom, wet room, large deck with spot lighting.

One Large studio with vaulted ceiling, bathroom shower over bath own entrance ideal for the B&B trade from walkers on the tarka trail nearby or on a long let whichever suits your situation.

All properties are on mains utilities Gas,Electric,Water, Drains/sewers

Properties let for the summer months only, scope for further income from winter lets...........this area has many companies whom have a need for short term accommodation.

Gross income approx £30k for the 3 properties not the main house.
Much more scope to increase profit with own website This is a very easy to run business
With changeovers only on a Friday and taking just 4 hours( 10am-4pm) to complete all properties ( one person) it leaves your weekends free ! a bonus if you have children
Runnings costs are utilities, welcome packs ( milk, biscuits,tea/coffee,wine) cleaning items ect. otherwise maintenance and any other expenditure that arises. Business rate exempt currently council tax for main house £1800 payable per year

Price £699,500 Freehold. Residential
No accounts applicable

Established 17 years.

Viewings on Fridays preferred at changeover time

Please note due to the short time frame for viewings we ask that any interested parties have satisfied the financial aspect to be viable for their personal circumstances, before requesting a viewing.

For any further information, please contact seller below.

Property information

Property:

Freehold

Living Accommodation:

very spacious main house all rooms of an excelent size. the gardens are well stocked with a large lawned area.

Location:

Situated in a Estuary village of Instow North Devon Nr Barnstaple. on the B3233 Location ideal for Holiday makers to find you, not a busy road, especialy at night it's very quiet, it has its moments during the day

Premises Details:

Location on B3233

Size in square feet:
2300 sq ft main house
Planning Consent:

full planning for the holiday lets

Energy Performance Rating:
D

Business Operation

Expansion Potential:

I believe income can be easily increased with up grading of exsisting properties, currently 4 star with English Country Cottages, however they have now a 'special selection' with a few changes this property could be included
as well bookings taken direct via online websites with only 3% commision charges rather than 20% lm paying now.

Competition / Market:

There are mainly B/B in Instow except for one Hotel

Years established:
17years

Other Information

Home based:
This business can be run from home.

Contact Seller

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