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16 bed property, in Teign Estuary, £1,350,000
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16 bed detached house

Teign Estuary
Planning
£1,350,000
-46.0%

Price History

Initial price £2,500,000
Oct 21, 2023 £2,000,000
Jun 4, 2024 £1,800,000
Dec 10, 2024 £1,500,000
Nov 1, 2025 £1,350,000
Price Change -46.0%

Our Summary

  • Introduction - This long-established vineyard has received significant investment in recent years, now providing a profitable platform for future growth with excellent potential, in a stunning hilltop location
  • Overall, significant growth could be achieved through the ‘Vintner’ events room, only recently completed and potential development increasing the lodge numbers, subject to planning
  • With the wine tours and the lodge accommodation also providing a good source of customers for food and wine sales, with this only increasing if the accommodation was increased in the future, subject to planning
  • Potential exists within the grounds to increase the number of lodges, subject to the relevant permissions being sought
  • A natural spring is located on the land and previously had permission to extract 20,000 litres per day, that would require updating, which potentially provides a separate opportunity to create local spring water to sell

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Description

This property consists of 6 contemporary holiday lodges, a restaurant/bistro with an events venue, and a 4-bedroom owner/manager residence. The property spans 14 acres in a beautiful setting overlooking the Teign Estuary, with a long-established vineyard producing an average of 12,000 bottles of wine per year. The vineyard has a bonded warehouse and the potential to increase wine sales with the established events venue.

The lodges were built in 2017 and produce significant income through direct bookings. The bistro and events venue have undergone recent extensions and refurbishments, providing a maximum capacity for 205 covers with outside seating areas offering stunning views.