Fishing Lake, Guest House, Leisure Park Development Over 6 Acres Nr Snowdonia North Wales | | Cerrigydrudion Conwy | | The property comprises in brief of a detached nine bedroom guest house and garage and purpose built river fed trout lake with stunning views of Snowdonia National Park and potential for touring caravans/lodges/camping etc. Freehold to buy Fishing Lake, Guest House, Leisure Park Development Over 6 Acres Nr Snowdonia North Wales is located in Conwy. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 38063
ADVERT IMPRESSIONS : 59,832 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Holiday / Caravan / Camp Sites | | SALE: | Private Sale | FREEHOLD: | £395000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Investment Opportunity A Joint Venture 50/50 Partnership
Part Exchange Or Freehold Sale Considered
Guesthouse, Fishing Lake And Holiday Park Development Near Snowdonia
Email: saracenspark@gmx. Com
The joint venture is the park site(over 6 Acres) at Cerrig y Drudion on the London to Holyhead A5.
The new partner(s) pays 25k upfront to join the partnership.
The new company will raise the 200k to buy the property freehold.
The partners form a new company called ie The Saracens Park Ltd (or other) with 50/50 share issue. Then upon a successful application of the companies required planning permission, the partnership will then pay the owner a further 25k uplift on the proviso that the valuation of the property increases to make this payment viable.
Conditions
1. The owner will use the purchase money from the new partnership, to clear his own mortgage agreements and charges and if required the owner will allow (in the short term) an equity charge on another of his properties to support the new loan for the site until further development funds are raised independently.
2. The owner will retain by transfer the small parcel of land on the village side of the A5. This land is currently on the deeds to the main site.
3. The owner will give you the first option to purchase his shares in the new company at a pre-agreed price (or at new valuation successful planning application) within 1 year of this agreement.
The Lodge planning application which was granted but then withdrawn due to the start of the economic downturn. The Proposal was supported by the Council and the Wales Tourist Board.
The property includes the 9 ensuite guesthouse, garage, barbecue and fishing lake. All rights of way and all mains services including sewers are protected by restrictive covenants covering of the whole site.
Google Maps LL21 9SY. Prospective partners should do a land registry search on WA491143 and WA631848 taking particular notice of the FILED COPY these will show 7 pages of covenants protecting all further developments of the main site. | | | | | | EXPIRED - AWAITING DELETION | | | | | REFERENCE: | 38063 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
