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10 bedroom detached house for sale
Business Opportunity - Potential 17% Yield On Investment & High Potential Development
£2,250,000
Business Opportunity - Potential 17% Yield On Investment & High Potential Development
£2,250,000
Our Summary
- Despite these four cottages not reaching their full potential, last year a highly profitable gross income in excess of £100k was achieved
- 33 acres also provide the potential for further development
- With newly built developments within the vicinity, the opportunity to develop the grounds is evident, although of course this is subject to the relevant planning permissions being achieved
- Gross Income of £100k per annum (Potential For Further Revenue)
- Investment Opportunity - Existing Business With Opportunity To Increase Return to 17% Yield
- Potential For Development Of New Houses (Subject To The Relevant Permissions)
Description
Parkhouse Farm & Holiday Cottages is a thriving business opportunity that offers a unique combination of a historic 16th-century farmhouse, four recently converted holiday cottages, and a substantial plot of land. The property has been successfully operated as a holiday let business, with a gross income of over £100,000 last year, and has the potential to increase its return on investment to an impressive 17% yield. The property's grounds, measuring approximately 2.33 acres, also offer opportunities for further development, subject to planning permissions. The main farmhouse is a stunningly preserved historic property with six bedrooms, while the four holiday cottages are self-contained and packed with character and charm. The property is located in a beautiful open countryside setting, with superb views of the surrounding area, yet is within easy reach of the bustling market town of Keynsham and the cities of Bath and Bristol. The business opportunity is presented with a comprehensive business plan, outlining multiple revenue streams, including holiday lets, corporate events, and potential filming locations.