Investment opportunity with a strong yield and potential for further development. A freehold site with 4 privately owned leasehold holiday cottages and 10 privately owned holiday lodges sold on licences and all generating secure and index linked plot fees. Traditional barn with consent for office/management use. In all about 2.9 Acres
Saxon Maybank is an exciting investment opportunity with a strong yield and potential for further development. Situated in the grounds of a former farmstead with outstanding southerly views, the site was developed in 2009 and has 14 privately owned quality holiday lodges and cottages with secure and index linked plot fees. There is a traditional barn with consent for office/management use and it may be possible to change this to single or multiple holiday units (stp).Situation
The site is securely gated. A gravel driveway runs centrally with the units laid out informally on either side. Nearby Sherborne has an attractive medieval castle and the local area has many quaint Dorset villages with shops, pubs and restaurants. Golfers can enjoy a round at Sherborne Golf Club and Henley Hillbillies offer outdoor activities. The National Trust property, Montacute House, is a majestic mansion with lovely grounds. Lankham Bottom Butterfly Reserve is a pleasant place to visit. You can easily discover the World Heritage Jurassic coastline and visit Dorset's seaside resorts.The Business
There are currently three income streams:
Plot fees for each lodge/cottage; these cover the cost of the maintenance of the common parts of the property including service connections and the overall management cost of the property. The plot fees are reviewed annually in line with the Retail Price Index.
For a fee, the existing owner operates a rental service for the lodge/cottage owners through Blue Chip Holidays. They also organise the cleaning, laundry & maintenance of the units by local contractors, the cost of which is recovered from the property owners. Currently five units are let in this manner.
On occasion, the owner introduces a buyer to a private sale attracting an agreed sales commission.
A more detailed breakdown of income streams and costs can be provided to qualified prospective purchasers who have viewed the property.Future development
There is a traditional barn (approx. 2,000 sqft) with consent for office/management use. It may be possible to convert the barn for holiday use (stp) and interested parties should make their own enquiries to the Local Planning Authority.Local Authority
West Dorset District Council www.dorsetforyou.comRights of Way
The owner of a farmhouse which borders onto the property has a right of way over the site road to access their property.Outgoings
From 1 April 2017 the Rateable Value is £8,000.Services
Mains electricity, mains water. Private drainage. Two LPG tanks providing metered supplies to each unit. Rainwater harvesting system has been installed which can be pumped into the units for re-use.Directions
From Sherborne, take the A30 towards Yeovil and after about 3.5 miles turn left signposted to Bradford Abbas. Follow this road for about 1 mile to the crossroads. Turn right and follow this road for about ¼ mile and turn right again. Follow this no through road to the top and the entrance to Saxon Maybank is on the right. The postcode for the property is DT9 6NJ.Viewing
Strictly by appointment through Stags Holiday Complexes department on 01392 680058. These particulars are a guide only and should not be relied upon for any purpose.