For Sale
Beautifully Presented Holiday Letting For Sale
Stamford, Lincolnshire
- Asking Price: £109,995 +SAV
-
Turnover:
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.
- Tenure: Leasehold
Please 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
The business is run and managed by our client and a cleaner who is outsourced.
Due to the nature of the business, it operates all year round.
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.
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.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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