Semi-commercial holiday let with commercial income, Worcester city centre: priced at Red Book value for a quick sale
Asking price: £730,000, with fixtures, furniture and equipment (FF&E) included
A rare chance to buy an established, trading holiday-let business in central Worcester, with a commercial unit on the ground floor. It's offered at its independent RICS Red Book valuation for the bricks and mortar alone. You pay nothing extra for the trading business, and around £100,000 of FF&E comes included.
Key figures
Asking price £730,000
Red Book valuation (bricks and mortar only) £730,000
FF&E included approx. £100,000
Commercial rent £36,000 per year
Holiday let revenue approx. £96,000 per year
Total current gross income approx. £132,000 per year
Holiday let revenue after adding two more rooms approx. £144,000 per year
Total gross income after adding two rooms approx. £180,000 per year
Priced for a fast sale due to relocation abroad:
Priced at bricks-and-mortar value only. You pay nothing for goodwill or the proven trading history, and the FF&E comes on top.
Two income streams. Steady commercial rent sits alongside a busy holiday let in the city centre.
Current gross yield of about 18% on the asking price.
A clear plan to add value. Around £60,000 of works, including creating two more letting rooms, is estimated to add about £240,000 to the property's value. That takes it to roughly £970,000 and raises holiday-let revenue to about £144,000 a year.
Ready to trade from day one. The business is fully fitted and operating, with a proven track record.
The opportunity
This suits an investor who wants income straight away and room to grow. You can buy at valuation, keep the current income coming in, and follow a simple, costed plan to improve the property. Once the works are done, you could refinance against the higher value to pull capital back out.
The seller is moving on to other projects abroad and has priced the property for a quick, straightforward sale.
Financials, the valuation report and the development plan are available to serious buyers who can show proof of funds.
