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Idyllic Holiday Cottage Complex near Looe

Looe, Cornwall
Freehold Price:
£2,300,000
Status
FOR SALE
Advert ID
245647
Reference
BADHAM3684 / Rightbiz

An idyllic 11 cottage complex with full residential status, which allows you to let all the accommodation for residential and for holiday occupation. Located on the fringes of the sought-after sandy family beach & picturesque seaside harbour town of Looe, Cornwall. Badham Farm is an ideal located base from which to explore Cornwall by road or rail. Benefiting from approx. 9-acre landscaped grounds with two large fish stocked ponds, all weather tennis court, large lawn areas, woodland and pets’ corner with chickens, ducks, goats & geese. Also, an entertainment complex, bar/function room, office and a well-equipped gym. Ample parking for all guests & visitors, a rail halt railway on the edge of the ground travelling twice an hour to Looe centre. With owners 3-bedroom spacious lodge and ample land for further development not forgetting the entertainment complex which also has permission for redevelopment. This is a unique life style opportunity not to be missed. Early viewings are highly recommended....

 

 

LOCATION

Easy access from the M5 motorway, A38, A30 or direct access by train to the rail halt at Causeland Station on the picturesque Looe Valley Line. Because of its ideal located base, you can enjoy car free days out and able to visit all the major attractions in Cornwall by rail. Local beaches are nearby and the Eden project a short drive away.

 

BUSINESS

Badham Farm has been operating successfully as a holiday complex for many years but only recently obtained the valuable / desirable alternative planning status of full residential usage. Our clients occupy the very spacious three-bedroom (Rowan) cottage and let out the remainder 10 units together with formal residential planning permission for the entertainment complex. The new planning usage not only allows our clients to either let the individual units for holiday usage, long term assure shorthold tenancy.  Also, this allows the sell-off of the individual cottages for substantial sums which is much greater than the actual guide price and because of the land, it could easily accommodate a further residential development. The entertainment complex has permission for conversion to residential usage which would create a most sumptuous 2-bedroom lodge.

Currently our client rent out 7 units on long term lets and keeps back three for holiday usage. The income is substantial but we the agents feel there is tremendous scope to expand on the already impressive profits. Actual trading accounts will be made available following a successful formal viewing.

 

 

ACCOMMODATION

The letting accommodation are all been fitted out and maintained to a very high standard.

 

UNIT 1

THE FARMHOUSE (sleeps 10)

Ground Floor

Entrance porch overlooking patio to front

Large modern fitted kitchen,

Dining Room

Lounge with feature fireplace

First Floor

4 large bedrooms

Bathroom with bath, power shower, WC and wash hand basin

Separate shower room with power shower and WC

Outside

Enclosed Garden with patio

 

UNIT 2

THE DAIRY (sleeps 8)

Converted stone dairy

Ground Floor

Large fitted modern kitchen,

Lounge with feature fireplace and slate floor

Dining Room

Cloakroom with WC and wash hand basin

Double bedroom

First Floor

2 further large double bedrooms

Bathroom with bath, low level WC and wash hand basin

Separate shower room with power shower, WC and wash hand basin

Outside

Garden with sundeck

 

UNIT 3

THE STABLE (sleeps 6)

Reverse level Cornish Stone Cottage

First Floor

Fitted modern kitchen with cloakroom off with WC and wash hand basin

Lounge/diner with beamed ceilings and original stone walls

Lower Ground Floor

2 double bedrooms

Bathroom with bath with shower over, WC and wash hand basin

 

UNIT 4

THE BYRE (sleeps 4)

Lounge

Fitted modern kitchen/diner

2 double bedrooms

Bathroom with bath with shower over, WC and wash hand basin

 

UNIT 5

THE COACH HOUSE (sleeps 2)

Lounge/diner

Fitted modern kitchen

Double bedroom

Bathroom with bath with shower over, WC and wash hand basin

Outside

Small garden with patio

 

UNIT 6

THE MALTHOUSE (sleeps 2)

Open plan lounger/kitchen/diner

Double bedroom

Bathroom with bath and shower over, WC and wash hand basin

Outside

Secluded garden

 

UNIT 7

ASH COTTAGE (sleeps 5)

Purpose built bungalow

Lounge

Modern fitted kitchen/diner

1 double room

1 triple room

Bathroom with bath, walk-in power shower, WC and wash hand basin

Outside

Large terrace

 

UNIT 8

LARCH COTTAGE (sleeps 6)

Purpose built bungalow

Lounge/diner

Modern fitted kitchen/breakfast room

Master Bedroom with ensuite with walk-in power shower, WC and wash hand basin

2 further double bedrooms

Bathroom with bath, walk-in power shower, WC and wash hand basin

Outside

Large terrace

 

UNIT 9

OAK COTTAGE (sleeps 4)

Purpose built bungalow

Lounge

Modern fitted kitchen/diner

2 double bedrooms

Bathroom with bath, walk-in power shower, WC and wash hand basin

 

UNIT 10

THE HAYLOFT (sleeps2)

Lounge

Kitchen/diner

Double bedroom

Bathroom with bath with shower over, WC and wash hand basin

 

ENTERTAINMENT COMPLEX

The entertainment complex has been subdivided between the function room/bar and the gym  as follows:

 

FUNCTION ROOM

With bespoke bar, with 4 beer, cider and ale pumps, optics, shelving.  Wash up servery area with dishwasher, ice machine and fridges. Chairs and tables for seating and TV

 

GYM

With Jacuzzi, 2 rowing machines, 2 running machine and other gym equipment, sliding doors onto gardens

 

PORTABLE OFFICE

Situated close to the main car-park

 

OWNERS ACCOMMODATION

 

ROWAN COTTAGE

Purpose built cottage

Large lounge with sliding doors onto large decked raised terrace

Modern fitted kitchen/diner

Master Bedroom with en-suite with walk-in power shower, WC and wash hand basin

2 further double bedrooms

Bathroom with bath, walk-in power shower, WC and wash hand basin

 

GROUNDS

Set in approx. 8 acres of land the grounds include parking for all visitors, all weather tennis court, pond, large very popular fishing lake, pets corner with chickens, ducks, goats and geese, large lawn areas, work shop, laundry and woodlands. There is also the added attraction of the properties own rail halt at the edge of the grounds that connects the property to Looe and the rest of Cornwall.

 

FIXTURES AND FITTINGS

All trade fixtures and fittings except for our vendor’s private inventory will be included in this sale. A full inventory will be provided prior to exchange of contracts. All stock will be sold at valuation on completion. No testing of these fixtures or any appliance has been undertaken by the agents Ware Commercial.

 

SERVICES

Mains gas, electricity, water and private drainage are all connected. No testing of these services has been undertaken by the agents Ware Commercial.

 

BUSINESS RATES

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk

 

TENURE

Freehold

 

VIEWINGS

All viewings and enquiries are to be made through the agents Ware Commercial.

TEL. 01803 328880 Email. info@warecommercial.com   www.warecommercial.com

Listing Details
Freehold Price: £2,300,000
Tenure: Freehold
Location: Looe, Cornwall
Sector: Holiday Businesses, Investment Properties
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Contact Agent
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Advert Reference: BADHAM3684 / Rightbiz

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