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16 bedroom detached house for sale
Teign Estuary
£1,350,000
Teign Estuary
£1,350,000
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
Description
This attractive vineyard and holiday accommodation business is situated in a stunning location overlooking the Teign Estuary and spans 14 acres. The property features a recently built, 4-bedroom owner/manager residence, a long-established vineyard producing 12,000 bottles of wine per year, and 6 contemporary lodges built in 2017. The business also includes a restaurant and events venue, known as the Vintner Room, which can accommodate 205 covers and offers stunning views of the surrounding area. The property has a strong reputation and has received significant investment in recent years, providing a profitable platform for future growth. With potential to increase the number of lodges and develop the events venue, this business offers excellent opportunities for expansion and increased revenue.