£1,200,000

Leisure/hospitality for sale

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Business

Guide price

£1,200,000

(£3.94/sq. ft)

Leisure/hospitality for sale

Caddywell Lane, Great Torrington EX38

304,920 sq. ft

Local area information

Property location

Nearby amenities

  • Great Torrington Bluecoat Church of England Primary School 0.5 miles
  • Great Torrington School 0.7 miles
  • Bideford Ferry Landing 6 miles
  • Chapelton (Devon) 6.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Location

Greenways Valley Holiday Park is situated along Caddywell Lane approximately 1 mile south of the bustling market town of Great Torrington, offering a wide range of amenities including, schools, shops, banks and supermarkets. The Holiday Park is positioned in a prime location in the south west just a few minutes from the glorious North Devon beaches and benefits from great tourism and good connectivity with easy access to the A386, A39 and the A377.
Description

Greenways Valley Holiday Park is a profitable business, positioned amongst open countryside in a prime location of the South West, superbly placed for central access to the wider areas, situated between Exmoor and Dartmoor and just a few minutes from the glorious North Devon beaches, making it an ideal base from which to enjoy days out at the nearby coastline, National Parks, attractions and villages that Devon provides in abundance.

This is a rare and highly unique opportunity to purchase approximately 7 acres of land with a successful business and a detached owners' bungalow on site. The property has south-facing landscaped gardens providing a sanctuary for relaxation and entertainment, benefiting from a 12-month licence giving unrestricted trading, currently run as a lifestyle business operating on a low key basis for only 7 months of the year. An obvious choice as a pure investment or a more hands on management style business.

The accommodation includes the following;
- Detached owners' bungalow with a large private garden
- 9 chalets used for self-catering holidays
- 1 lodge used for self-catering holidays
- 1 lodge privately owned (sold on a licence basis)
- 1 static caravan used for self-catering holidays
- 7 static caravans privately owned (sold on licences)
- 1 vacant static caravan pitch
- 3 electric hook-ups for touring
- Camping field
- Storage areas, work shop & lawnmower shed

Onsite facilities include;
- Games room
- Tennis-court
- Heated swimming pool
- Information room
- BBQ-area
- Children's' play area
- Laundry room
- Shower/toilet room

With potential for further develop.
Owners bunglow

3/4 bedroom. Extensive renovation work in 2023/2024, including new kitchen, bathroom, radiators, hot water cylinder, loft insulation and electrical work.
Chalets

The range of detached 2-bedroom chalets are larger than most, offering plenty of space to move about and relax in comfort, all fully equipped and furnished with everything needed for a comfortable home-from-home holiday.
Lodge

The lodge has all of the creature comforts of home but with the added bonus of a quiet, tranquil setting. With its open plan living style, neutral colours and lots of light, the lodge has a modern contemporary feel. In addition to the living room, fully equipped kitchen and dining area there are 2 bedrooms (one with en suite) and a family bathroom. Outside is a large decking with table and chairs.
Services

We understand mains water and electricity is connected to all buildings and caravan pitches. The bungalow has oil-fired central heating, the chalets have electric heating, the lodge and caravans have bottled lpg. There is a private drainage system onsite. None of the heating systems or any other plant and equipment have been tested by Commercial List and prospective lessees must rely on their own investigations as to their existence and condition.
Council tax band

The bungalow has a Council Tax Band of A.
Business rates

From enquiries made though the Valuation Office website, we understand that the following rating
assessment applies;

Rateable value: £7,200

This property is eligible for small business rates relief. However interested parties should make their own
enquiries as to the amount of rates payable.
Terms

The property is for sale freehold with vacant possession on completion subject to licenses. The sale of the property is inclusive of trade inventory to include furnishings, equipment, fixtures and fittings within the buildings, static-caravan and lodge in relation to the business, excluding any personal items.
EPC

The bungalow has an EPC rating of D55.
VAT

We understand that VAT will not be payable on the purchase price.
Legal costs

Each party to pay their own legal costs incurred.

More information

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