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Teign Estuary 16 bed detached house for sale
Teign Estuary
£1,500,000
Teign Estuary
£1,500,000
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, with 14 acres of land. The property includes a recently built 4-bedroom owner/manager residence, a long-established vineyard producing an average of 12,000 bottles of wine per year, and 6 contemporary lodges that attract significant bookings. The business also features a restaurant and events venue, with a Vintner Room that can accommodate up to 205 covers. The property has undergone significant investment in recent years, including the construction of the lodges and the refurbishment of the restaurant and events space. With excellent potential for growth, the business offers a unique opportunity for a new owner to capitalize on its established reputation and stunning location.