| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 5,475 TIME(S)
BUSINESS REFERENCE : 10211 / RightBiz PRICE REDUCED FREEHOLD SELF CATERING APARTMENTS FOR SALE IN TEDDINGTON, LONDON | | | | | | Self Catering Apartments London T/O: £155,000 Thriving business comprising 8 studio flats and 1 penthouse apartment. 90-95% occupancy rates. All appointed to a very high standard. Stunning views over Bushy Park. Freehold: £1,720,000 + SAV | | | BUSINESS LOCATION: | Kingston London UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Holiday Flats & Apartments | | SALE: | Agent Sale | FREEHOLD: | £1,620,000 + SAV | | | | | | | | | | | BUSINESS DETAILS: | Bushy Park Lodge occupies a highly visible and desirable location on Sandy Lane in Teddington. The property is adjacent to Bushy Park and many of the rooms enjoy stunning views. Bushy Park is the second largest of the royal parks of London, being of some 1,100 acres and benefiting from fishing and model boating ponds, as well as being a haven for wildlife, including red and fallow deer. The area is a mix of residential, retail and offices, with the Thames TV Studios and the Haymarket group located at Teddington Lock, along with three major laboratories. The business is on a major bus route and close to the train station at Teddington, offering easy access to Central London.
Bag A Business is delighted to offer sale Bushy Park Lodge, which was established by our client in the 1970s, with the property being rebuilt in 2005. This excellent and highly profitable business offers eight double studio flats and one duplex penthouse apartment on a short let basis and produces an annual turnover of £155,000 with net profits in excess of £100,000. Occupancy rates are currently 90/95%, with our client having many long-standing contracts. There has been little or no marketing carried out and our client tends to use websites such as Laterooms.com to advertise any spare occupancy The apartments have been built to a very high standard and include kitchen facilities and showers with quality fittings. There is individual meters for water, gas and electricity, with the studios enjoying electric heating and the penthouse has gas central heating, making the transition to residential use much easier, if required, (subject to planning). This is a wonderful opportunity to acquire a highly profitable business with the benefit of an investment property and we would strongly urge early viewing.
PROPERTY DETAILS
A substantial detached property built in 2005 comprising 8 self-catering studio flats and one self catering duplex penthouse apartment with four zone alarm system and car park for eight cars. The property further benefits from C1 usage.
GROUND FLOOR
All studios have en-suite shower rooms, W/C and sink, together with open plan kitchen area.
Reception hallway housing four zone alarm system and laundry room with washing machine.
Rooms 1, 2 and 3 have own access from car park and double sofa bed
Room 4 - double bed and garden
FIRST FLOOR
Room 5 - twin/double bedroom
Rooms 6, 7 and 8 - double bedrooms
SECOND FLOOR
Duplex penthouse apartment with:
Large lounge/kitchen area with double doors to the balcony overlooking Bushy Park
Double bedroom with en-suite shower, W/C and sink
Family bathroom with bath, sink and W/C
THIRD FLOOR
Galleried sitting room with views over Bushy Park
Double bedroom
EXTERNAL
Parking for 8 cars
Door entry system
FINANCIAL DETAIL
W/T: £2,980 approx
TENURE
Freehold | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10211 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
