Explore Humberts

Business,holiday complexes,leisure for sale in Kings Nympton, Umberleigh, Devon, EX37

Offers in Excess of £1,500,000

  • Rural
  • Business
  • Holiday Complexes
  • Leisure
  • Freehold

The property has been operated by the current owners as a successful holiday cottage complex since 2005. The cottages are well designed, equipped and furnished to provide a high standard of accommodation.

The business had a gross turnover figure of £171,500 year ending April 2017 from the equestrian centre and the holiday cottage complex. The business has high levels of repeat business of approximately 30%.

The holiday cottage business is VAT registered on the flat rate scheme of 10.5% and equestrian centre is not VAT registered.

The biomass system was installed in December 2014 for a 20 year term with an annual payment of £14,145 in 2016 which is index linked to RPI.

Currently the present owners use a national letting agent and carry out their own internet advertising and use their website (www.collacott.co.uk) to promote their business with an on-line booking system. Trading accounts can be provided to bona fide purchasers.

The Cottages
All cottages are self-contained and furnished in an individual style. Each kitchen is equipped with a range of modern base and wall cupboards, electric cookers, fridge/freezers, dishwashers and microwaves.

All have central heating via the biomass system and have flat televisions and woodburning stoves (except Barn Cottage and Bendall Cottage).

The cottages have their own adjoining garden areas with the properties including barbecue and patio area with garden furniture. (Except for The Barn and The Bendall which have garden/patio areas away from the cottages). Parking to the cottages is located away from the holiday letting cottages to make sure that the picturesque cobbled courtyard is not spoilt.

Equestrian Centre
B.H.S. approved equestrian centre providing cross-country schooling course, livery and all-weather arena (44m x 22m). Purpose built equestrian block with tack room, feed stores, toilets and shower room.

12 indoors stables. Indoor (office)/outdoor viewing galleries to the arena. Toilets.

Feed store and shower bay. Tack rooms and timber stable block providing 7 further loose boxes and hay stores.

The property is set in 11.67 acres of pasture and paddocks which is used by the equestrian centre for its cross-country course.

Workshop 12.01m x 8.82m with power, lighting and concrete floor housing the biomass system with automatic feed and hopper.

In Addition

Extra land of 5.02 acres is available by separate negotiation set away from the main farmstead with a high degree of privacy are two traditional stone barns. Single storey barn 9.51m x 4.70m and a two storey 9.90m x 4.97m.

(Both barns have potential for conversion into owners’ accommodation or extra holiday cottages subject to gaining the relevant planning consents. The properties could also have their own access driveway from the highway).

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