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Barn conversion for sale
Underdown Hollow, Sherborne
£899,000
Underdown Hollow, Sherborne
£899,000
Our Summary
- There is currently a planning application for 3 further holiday lodges to be added to the site under planning reference P/FUL/2024/04791, If successful, this provides further scope for additional income from the sales and/or letting of the new lodges
- There is also excellent potential from a fourth income stream generated from letting the tenant's properties, with exclusive rights for doing so falling to the owner of the freehold title
Description
This luxury freehold holiday cottage site, Saxon Holiday Lodges, is situated in 2.9 acres of Dorset countryside and comprises of 4 privately owned leasehold holiday cottages, 10 holiday lodges, and two luxury cottages owned by the vendors. The complex features a gated entrance, private parking, and electric vehicle charging points. The two luxury cottages, The Cow Shed and Stags Retreat, are 5-star barn conversions with open plan living spaces, hot tubs, and stunning views. The freehold interest includes the title on both cottages and the piggery, which can be used for office, laundry, and storage space. The business has four income streams: plot fees from the 14 privately owned holiday cottages and lodges, maintenance of the property, letting of the tenant's properties, and potential income from additional holiday lodges planned for the site. The property is well-positioned near Yeovil and Sherborne, with easy access to the Jurassic Coast and various National Trust properties.