And The Winner Is ..

5th September 2019 by

As we approach the end of Q3 and head for the end of another calendar year, business planning throughout the UK is already underway for 2020 albeit somewhat tinged with a smattering of Brexit uncertainty that should however very shortly pass. With this in mind we approach the end of our own financial year, and have since 2018 been counting down 'the best place to buy a business and or commercial property in the South West of England'. Without doubt It is a stunning peninsula throughout, and we are proud to have our HQ in the heart of Somerset's county town of Taunton where we tend to be more sun cream than brolly, unlike our Manchester satellite office cousins. Having measured buyer request numbers, looked at overall popularity with the potential purchasers that we talk to on a daily basis, what and where we have agreed sales, considered local commitment to expansion and infrastructure, and paid attention to what is happening at a local level, it is time to reveal the winner. Over the past 12 months we have blogged about some lovely locations around the West Country, including Clevedon, Minehead, Lynton, Barnstaple, Adventure Bay in Millbrook Cornwall, and the well to do trappings of Budleigh Salterton which is my personal favourite, however one place stood out above all, and it is home to some fantastic businesses including The Winking Prawn, The Fortescue Inn, Hattie's the wood fired pizza & outside catering company, The Harbour Hotel, and boasts Hope Cove Beach, copious stunning views, and a deep water harbour. Famed for its sailing, yachties, stars and well known faces keeping under the radar with the odd understated boat mooring, it is as near to a tropical English seaside as you are going to get. Situated in the beautiful South Hams part of Devon and sporting some incredible scenery across what is a designated area of outstanding natural beauty, our No 1 location has to be 'Salcombe'. With a median house price of over £600,000 and the average small leasehold business changing hands for 3 to 4 times net profits, you are going to need a few quid, but we have found that most of the buyers have been London and South East lifestyle relocators with deep equity pockets. On the one hand all sports and sailing, you may be forgiven for thinking where is the down time? But Salcombe offers two ends of the spectrum from a lifestyle perspective, offering the perfect resting place to stop and enjoy life and the sunshine at your own pace, out on the water, or hiking the coastal path. With regular trains from London Paddington, a thriving local shellfish industry, quaint pedestrian friendly narrow streets, a busy and successful example of a modern park & ride system, Art Galleries, quality retail shops, and a litany of high ranking hotels and B&B's there is something for everyone. Worth it for any buyer if you can stretch to it, but Salcombe comes out tops for us in 2019 and is a great example of 'you get what you pay for' The recent Salcombe Neighbourhood plan passed with a staggering 93% in favour, so the future remains bright with highlights including local homes for local people, supporting schemes that create local employment thus keeping the insular economy within, and wider schemes looking at car parking and tourism, that play a major part in central Salcombe's livelihood. Keep an eye on our 'property bod' blogs for tips and information on businesses for sale, commercial property buying and selling, and to follow the countdown for 2020. 

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