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Mon 30 March 2015
Many people dream of resigning from their jobs, cashing in on the value of their property and starting a new life elsewhere. Some want to leave the congested towns and cities where they live and move to a beautiful part of the South West. The goal is to run their own business and fulfil their dream to improve their family’s quality of life.
Purchasing a holiday business gives people the opportunity to do all of the above and in 2014 proved to be a very attractive option for buyers from the South East of England with nearly 90% of Stags purchasers of holiday businesses coming from this area.
For many buyers the main draw is the lifestyle the purchase will give them and whilst the income it generates is important it’s not a key factor. Sometimes these are multi-generational or group purchases with a number of parties contributing financially and requiring separate accommodation on the same site. A number will begin their search looking for a farmhouse with holiday cottages, a swimming pool and possibly some land, perhaps 5-15 acres, as this can be very appealing to people who are used to living in close proximity to neighbours.
One such property currently for sale is Mettaford Farm Holiday Cottages in Hartland, North Devon. This is a substantial 5 bedroom period house with annexe potential, 8 holiday cottages, camping barn, indoor swimming pool and games room plus 13 acres. The guide price is £1.15m.
Others have different interests and are keen to purchase properties with campsites, touring and static caravan sites, lodges and additional facilities such as fishing lakes and the potential for future expansion.
Romansleigh Holiday Park in South Molton is a long established static caravan holiday park in a rural setting to the south of Exmoor National Park. The site has permission for 45 static holiday caravans. There is an owner's bungalow, 4 self-contained flats, licensed bar, swimming pool and 4 loose boxes. The land extends to about 12.28 acres. The guide price is OIEO £795,000.
2014 was an excellent year for the sale of holiday businesses with transactions up 114% on 2013. Stags has a department dedicated to the sale of holiday businesses along with its network of offices across the south west. We have a database of people looking to purchase a holiday business and a specialist search facility on stags.co.uk. If you are looking to purchase a holiday business or if you own a holiday business and would like a free of charge, no obligation market appraisal then please call 01392 680058 or email us at firstname.lastname@example.org