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Holiday Cottage For Sale

Penicuik, Midlothian, UK
Asking Price:
£750,000
Turnover:
Available on request
Net Profit:
Available on request

Business
Please quote reference B05935

Hilton Smythe welcomes to the market The Pentland Cottages comprising The Robins Hideaway, The Swallows Retreat & The Sparrows Haven. These stunning holiday cottages have been finished to the highest standard and which due to retirement this very rare and exciting opportunity has now become available.

This new development offers the opportunity for either and established operator looking to expand their portfolio or and individual/partnership/investor looking for a turn-key business opportunity with great potential for a profitable return.

The vendor has finished the cottages to the highest standard and the development is being offered to the market with everything included in the sale enabling the cottages to be booked and let from day one.

Due to the location of the development the cottages would also be an attractive let for local businesses therefore increasing the letting potential to a wider market maximising the occupancy rate and generating a healthy return on investment.

There is also an adjacent plot with full planning permission for an additional 3 x cottages which is also available by separate negotiation.

Location
Situated on the edge of the stunning Pentland Hills just South of Edinburgh, the development is easily accessible by all modes of transport.

It’s just a 20 Minute drive from Edinburgh airport and the City Centre with plenty of amenities close by and easy access to all the local transport links.

Premises
Three two-bedroom cottages with en-suite facilities, family bathroom, fully fitted bespoke kitchens and open-plan living.

The Sparrows Haven & Robins Hideaway are located on the ground floor with the Swallows Retreat to the first floor spanning the lower cottages, all are wheelchair friendly once inside with the Sparrows Haven having full access.

The site has the benefit of secure electric gated access private al-fresco dining & BBQ-areas for each unit, Hot Tubs summer house, ample parking, and additional storage facilities. All furniture, soft furnishings, bedding, TV’s and electronic devices, kitchen appliances, plates, cutlery and accessories, informative website with on-line booking facility are all included in the sale.

There is also an additional adjacent plot with full planning permission for an additional 3 x Cottages which is also available by separate negotiation.

Tenure
We are advised the Pentland Cottages are being sold as a freehold opportunity with a guide price of £750,000

Hours
The business can be operated 365 days of the year.

Staff
No staff currently employed.

Financial Profile
The business has yet to start trading in any serious capacity however market testing has reassured the current vendors that each cottage has the potential to generate £800 per week Mon-Fri.

Taking a view on a 70% occupancy rate this would give an income of circa £80,000 per annum producing a return in the region of 10% on initial investment which can of course fluctuate and the letting structure can vary depending upon the buyers business model.

Please quote reference B05935

Property Information

Property:

Freehold

Contact Hilton Smythe

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