Well established Furnished Holiday Lets for sale
Old Colwyn, Conwy
- Asking Price: £485,000
We are advised that the business has generated a turnover in the region of £52,000, with an adjusted net profit in region of £18,000. Full financials can be made available upon further request.
Please quote reference B06123
- Tenure: Freehold
Please quote reference B06123
Hilton Smythe are delighted to welcome to the market on a freehold basis, this stylish well-established holiday accommodation business with a great reputation.
Gweld y Mor has been under the careful and meticulous ownership of our client for a number of years, over which time they have invested heavily in a substantial and comprehensive refurbishment of the property to create a magnificent holiday home offering contemporary and stylish accommodation. The business is only now being offered for sale as it is our clients desire to pursue other business interests out of the industry.
The business has enjoyed a consistent turnover for many years and now operates at a good level of occupancy during the peak holiday times, along with being popular for weekend family breaks.
In addition, it must be clearly stated that this has been achieved with very little hands on input from the owners. Most of the work is done via an online booking platform, with cleaning staff in place to prepare the house for each holiday let. A very local handyman/gardener/window cleaner would also be happy to continue in his role as caretaker, should the new owners require it.
The business has a good level of future bookings for 2021 and the new owners will be required to take on an initial 12-month contract with the current booking platform to take over the bookings that are already in place for the current owners. This is expected to be in place in or around the date of completion, which is an added benefit of it being income for the new owner(s).
The business trades on its reputation and has outstanding future possibilities, offering the opportunity for either an established operator looking to expand their holiday letting portfolio or an individual/partnership/investor looking for a turn-key business opportunity with potential.
A tremendous opportunity to own this turnkey business, and early enquiries are highly recommended to avoid disappointment.
The business is trading 24/7.
The business is located in the popular and bustling Victorian town of Old Colwyn, North Wales occupying an elevated position, in a prime residential area, looking over towards the sea.
Nearby are the seaside towns of Rhos on Sea and Llandudno, with many other tourist attractions only a short car ride away including, Snowdonia National Park, Surf Snowdonia, Zip World Velocity, Welsh Mountain Zoo, Bounce Below, Zip World Titan. Eirias Park is also a short distance away, which hosts International rugby games and music concerts, along with many beautiful golf courses, with the local area a haven for outdoor pursuits including cycling, fishing, walking and water sports.
This substantial detached property was architect designed and built in 2000 and is arranged over three floors.
The property is bright, airy, and very spacious, with an excellent flow, especially the 3 main reception rooms, which, when the glazed doors are opened naturally run into one another.
The second floor houses the kitchen, lounge with open fire, dining room, master en-suite bedroom with walk through wardrobe/dressing area and a cloakroom and has the added luxury of underfloor heating.
A door off the dining room (conservatory) leads you onto a west facing balcony with attractive views.
The third floor incorporates three of the six large double bedrooms (all with built in wardrobes), the main bathroom with bath and separate shower and a sitting area on the landing.
Downstairs on the first floor (lower ground floor) are a further two en-suite bedrooms, one with patio doors onto its own south facing patio, utility, cloakroom, games room, cinema room (large enough to comfortably seat all 12 occupants), cleaners’ room and large owners’ cupboard.
To the front of the property is a tarmacked driveway, sufficient for parking two cars, with additional free off-road parking on the wide, quiet residential road outside.
The front garden has a lawn and tiered rose beds. Access to the rear garden is from the gate at the side of the house, or from the door leading out of the first-floor utility.
The rear garden has a large partially covered slabbed area, immediately out of the back door, which leads onto a decked seating area at the far end of the garden. The gardens are all designed to be interesting & colourful whilst also being low maintenance.
All fixtures and fittings are included in the sale.
We are advised that the business is being sold on a Freehold basis.