Hagginton Hill, Berrynarbor, Ilfracombe 15 bed detached house for sale

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Hagginton Hill, Berrynarbor, Ilfracombe 15 bed detached house for sale

Hagginton Hill, Berrynarbor, Ilfracombe
£500,000

Our Summary

  • Currently managed offsite, this property provides the platform to walk into a going concern that has the potential to be managed from anywhere, making it the obvious choice as a pure investment or a more hands on management style and living locally
  • Within these open areas there is further expansion potential subject to the necessary consents
  • The site has planning to be open between 15th March and 15th January (10 months) with a 4-week maximum occupancy

Description

This is a highly profitable holiday letting business situated just a mile from the North Devon coastline, offering a rare opportunity to walk into a going concern with a strong reputation and good occupancy rates. The property, known as Grattons Cedar Lodges, consists of 10 self-catering lodges, 5 one-bedroom and 5 two-bedroom, which have been refurbished in recent years and offer well-presented accommodation. The business is currently managed offsite, providing the flexibility to be managed from anywhere, making it an attractive option for investors or those who want to live locally and manage the business themselves. The property is situated in a popular area with fantastic views, just outside the Exmoor National Park boundary, and is easily accessible to the regional centre of Barnstaple, with its main business, commercial, leisure, and shopping venues. The business has planning permission to be open for 10 months of the year, with a maximum occupancy of 4 weeks, and has a rateable value of £12,500.
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