Bradford Abbas, Sherborne
£1,150,000
Guide price
Guide price
Bedrooms: 3
A superb established and profitable investment opportunity with a proven track record and future potential in an attractive Dorset country location.
INTRODUCTION
A premium holiday site with established income streams from index linked site fees together with two fully owned successful holiday letting barn conversions. Situated in the grounds of a former farmstead with outstanding southerly views, the site was developed in 2009 and has 14 privately owned quality holiday lodges and cottages. In the centre of the site, lies a former traditional stone piggery currently providing office, laundry and machinery storage. There is also potential for future development STP.
SITUATION
The site is gated with coded access. A gravel driveway runs centrally with the properties laid out informally on either side, with many retained character features including stone walls. The property lies approximately a mile from the popular village of Bradford Abbas within North West Dorset and close to the border with Somerset. The village has a good range of amenities including a Church, Primary School, Public House, Village Shop and Sports Centre. The historic abbey town of Sherborne is within 4 miles and Yeovil 3 miles both offering an excellent range of shopping, recreational and scholastic facilities. Mainline railway stations to Exeter and London Waterloo are also available from both towns.
THE BUSINESS
There are currently three income streams, the first is ground rent for each lodge/cottage. The plot fees are reviewed annually in line with the Retail Price Index.
The two owned holiday cottages are let for holidays and have proved highly popular and produce significant income. The two cottages comprise:
Property 1 2 bedrooms, 3 bathrooms, sleeps 4
Property 2 1 bedroom, 2 bathrooms, sleeps 2
Both cottages are finished to a very high standard with 5 star review ratings. They both include a hot tub and have ample parking and a sun deck at the front with views. There is also an electric vehicle charging point for the exclusive use for both holiday properties.
The third income stream is available from the tenant s property maintenance.
There is potential for further income from letting the tenant s properties.
A more detailed breakdown of income streams and costs via the accounts can be provided to qualified prospective purchasers who have viewed the property.
SERVICES
Mains electric, mains water (metred) and private septic tank drainage with 2 tanks serving the whole site.
Heating to all properties is LPG central heating with metred supplies from tanks on site.
Broadband, fibre to site.
Mobile coverage Likely with EE, O2, Three and Vodafone (Ofcom).
OUTGOINGS
Business Rateable value - £7,000
FIXTURES AND FITTINGS
Only those mentioned in the sales particulars are included in the sale. All others are excluded but may be available by separate negotiation. However, the majority of the furniture, contents, fixtures, fittings and equipment in the owned letting cottages will be included.
RIGHTS OF WAY
The property is sold subject to and with the benefit of any public or private rights of way or boundaries. In particular, the parish council put in an application for a public footpath in 2008 but this has not yet progressed.
DIRECTIONS
From Sherborne, take the A30 towards Yeovil and after about 3.5 miles turn left signposted to Bradford Abbas. Follow this road for about 1 mile to the crossroads. Turn right and follow this road for about mile and turn right again. Follow this no through road to the top and the entrance to the property is on the right.
VIEWINGS
Strictly by appointment through Stags Holiday Complex department on 01392 680058
DISCLAIMER
IMPORTANT: Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.
INTRODUCTION
A premium holiday site with established income streams from index linked site fees together with two fully owned successful holiday letting barn conversions. Situated in the grounds of a former farmstead with outstanding southerly views, the site was developed in 2009 and has 14 privately owned quality holiday lodges and cottages. In the centre of the site, lies a former traditional stone piggery currently providing office, laundry and machinery storage. There is also potential for future development STP.
SITUATION
The site is gated with coded access. A gravel driveway runs centrally with the properties laid out informally on either side, with many retained character features including stone walls. The property lies approximately a mile from the popular village of Bradford Abbas within North West Dorset and close to the border with Somerset. The village has a good range of amenities including a Church, Primary School, Public House, Village Shop and Sports Centre. The historic abbey town of Sherborne is within 4 miles and Yeovil 3 miles both offering an excellent range of shopping, recreational and scholastic facilities. Mainline railway stations to Exeter and London Waterloo are also available from both towns.
THE BUSINESS
There are currently three income streams, the first is ground rent for each lodge/cottage. The plot fees are reviewed annually in line with the Retail Price Index.
The two owned holiday cottages are let for holidays and have proved highly popular and produce significant income. The two cottages comprise:
Property 1 2 bedrooms, 3 bathrooms, sleeps 4
Property 2 1 bedroom, 2 bathrooms, sleeps 2
Both cottages are finished to a very high standard with 5 star review ratings. They both include a hot tub and have ample parking and a sun deck at the front with views. There is also an electric vehicle charging point for the exclusive use for both holiday properties.
The third income stream is available from the tenant s property maintenance.
There is potential for further income from letting the tenant s properties.
A more detailed breakdown of income streams and costs via the accounts can be provided to qualified prospective purchasers who have viewed the property.
SERVICES
Mains electric, mains water (metred) and private septic tank drainage with 2 tanks serving the whole site.
Heating to all properties is LPG central heating with metred supplies from tanks on site.
Broadband, fibre to site.
Mobile coverage Likely with EE, O2, Three and Vodafone (Ofcom).
OUTGOINGS
Business Rateable value - £7,000
FIXTURES AND FITTINGS
Only those mentioned in the sales particulars are included in the sale. All others are excluded but may be available by separate negotiation. However, the majority of the furniture, contents, fixtures, fittings and equipment in the owned letting cottages will be included.
RIGHTS OF WAY
The property is sold subject to and with the benefit of any public or private rights of way or boundaries. In particular, the parish council put in an application for a public footpath in 2008 but this has not yet progressed.
DIRECTIONS
From Sherborne, take the A30 towards Yeovil and after about 3.5 miles turn left signposted to Bradford Abbas. Follow this road for about 1 mile to the crossroads. Turn right and follow this road for about mile and turn right again. Follow this no through road to the top and the entrance to the property is on the right.
VIEWINGS
Strictly by appointment through Stags Holiday Complex department on 01392 680058
DISCLAIMER
IMPORTANT: Stags gives notice that: 1. These particulars are a general guide to the description of the property and are not to be relied upon for any purpose. 2. These particulars do not constitute part of an offer or contract. 3. We have not carried out a structural survey and the services, appliances and fittings have not been tested or assessed. Purchasers must satisfy themselves. 4. All photographs, measurements, floorplans and distances referred to are given as a guide only. 5. It should not be assumed that the property has all necessary planning, building regulation or other consents. 6. Whilst we have tried to describe the property as accurately as possible, if there is anything you have particular concerns over or sensitivities to, or would like further information about, please ask prior to arranging a viewing.
01935 321902
Stags - Yeovil
4-6 Park Rd, Yeovil, Somerset, BA20 1DZ
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