Stunning Riverside Holiday Letting Business in Stamford Lincolnshire For Sale
Stamford, Lincolnshire
- Status
FOR SALE
- Date Submitted:
29/02/24
- Advert ID
607595
- Reference
B07854 / Rightbiz
- Call Agent:
- Leasehold: £109,995
- Turnover: £153,583 (£2,954 Per week)
- Net Profit: Not Applicable
Business Details
Beautifully Presented Holiday Letting For Sale
BusinessPlease quote reference B07854
CoGoGo welcomes to the market Stamford Stays Limited, a highly rated holiday lets and rentals business in Stamford.
This opportunity was started by our client in 2017, building up an excellent reputation.
It has now come to the open market due to our clients desire to move on.
Stamford Stays Limited are an award winning portfolio of riverside apartments, cottage and family friendly home for short to long stays for business and leisure guests
They're perfectly located for local attractions and events in Stamford. Due to the views and location, it makes it a perfect alternative to hotels.
The sale of the business includes 2 separate locations, 1 three-bed house on Gresley Drive and 4 flats on Wharf Road in the Riverside building.
Key selling points -
- Grade 2 listed building
- Ideal trading location
- Well presented
- Award winning properties
- Increase advertising and marketing - 40%-45% comes from booking.com website and 5% from Air BNB website
Location
Stamford Stays Limited is located on Wharf Road and Gresley Drive in Stamford, Lincolnshire.
Both occupy desirable locations in Stamford with excellent views and are ideally located for local attractions and events.
Premises
Gresley Drive (Meadow View) -
- Is a modern and comfortable three bedroom house with private parking.
- Situated within walking distance of the train station, town centre and Stamford Meadows.
- Enclosed courtyard garden
- Spacious kitchen and living areas
- The Toll House, Flat 1 (Kingfisher), Flat 2 (Lily Pad) and Flat 3 (Willow) are within this shared building.
- Located on the edge of River Welland with a lovely view.
- The Toll House and Flat 3 have 1 bedroom plus a sofabed to sleep up to 4 people
- Flats 1 & 2, have two bedrooms plus sofabeds and sleep up to 6 people.
- Located in a grade 2 listed building dating back to 1849.
Tenure
We are advised that this opportunity is being sold on a Leasehold basis, with the two properties on different lease terms.
Meadow View - Currently on a rolling 2 year lease, with the rent at £1,200 per month.
Riverside Apartments - Currently on a 5 year rolling lease, with the rent at £4,950 per month.
Hours
Due to the nature of the business, it operates all year round.
Staff
The business is run and managed by our client and a cleaner who is outsourced.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £154,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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