Business for Sale in Great Snoring, Norfolk - HOLIDAY COTTAGES – GREAT SNORING, NORTH NORFOLK - Freehold: £850,000

Key Information

Ref
INV33744E
Type
Hotels Businesses: Holiday Cottages
Location
England: Norfolk
Tenure
Freehold
Status
For Sale
Accomodation
5 Bedrooms
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These delightful traditional Norfolk style properties will appeal to those looking to either add to their investment portfolio or for someone who would like to run a holiday letting business in this beautiful part of the world. The properties can be handed over to a local or national marketing and management company to oversee or can be continued to be run on a personal basis as the existing owners have successfully done over the past nearly 20 years. One would like to think that given the appeal of the area that the properties are located in that they will continue to enjoy good long-term capital appreciation as well as providing an annual return.

These types of property businesses, especially in this location, remain in strong demand and therefore we would encourage interested parties to contact us at their earliest convenience to discuss the opportunity further.

THE BUSINESS ITSELF

The business is currently run by the vendors and they benefit from the better returns that this achieves whilst still being able to enjoy much of their time to themselves. The cottages have their own prominent website and most booking are made directly with the owners however they are also listed on numerous other sites including Owners Direct. With high occupancy levels and many repeat customers clearly demonstrating the cottages appeal one can be assured that this business is indeed very well established and much liked by those that stay.

In our opinion there is an opportunity to review the rates to bring them in line with current market levels which when coupled with the said strong occupancy levels would bring a significant increase in returns.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
The business currently comprises 3 units of accommodation split between 2 buildings and providing 2no. 2bedroom cottages and 1no. 1bed cottage complete with gardens, open garaging and guest parking.

The main house to the front of the grounds is a typical brick and flint Norfolk ‘chocolate box’ cottage which has been split into 2 units but it could easily be converted back into one large property should someone so wish. We understand that only the front façade of this property is listed but that the properties are in a conservation area, however we feel that this all just adds to their charm. Cherry Tree is the larger unit with 2 large upstairs bedrooms and bathroom with lounge and kitchen diner on the ground floor. A private garden area for the benefit of this property is provided to the front. Vine Cottage which adjoins it has 1 large bedroom and bathroom upstairs. Downstairs you will find a kitchen, lounge and lean-to sun room. This cottage also has its own private garden area directly to the rear.

Rose Cottage is a detached converted stable block again of brick and flint construction set back in the garden and offering 2 bedrooms upstairs with the bathroom, hall, kitchen, utility and lounge on the ground floor. Again, there is a private garden for this cottage found to the front.

All properties have an abundance of character from the many exposed timbers to the slit windows and old bread ovens that give a wonderful sense of history. Tastefully decorated to reflect the age, style and location one can enjoy the traditional and homely warmth that can be felt within each one.

Externally as well as the individual private gardens there is also the larger communal garden overlooked by the village church offering a peaceful and relaxing sun trap in which to unwind!

All in all, 3 delightful and well-maintained cottages in a glorious setting and a sought-after location only 6 miles from the coast at Wells-next-to-Sea.

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