Composers at Woodlands is a delightful holiday retreat which has developed into a popular and profitable business since it commenced trading in 2006. Situated in the stunning Northumberland coastline close to a wide range of tourist attractions and beaches, this exciting business and lifestyle opportunity features the following:
Composers at Woodlands is located just outside the village of Scremerston in Northumberland, England. It is situated a short distance from the A1, a principle route linking Scotland and England, on a corner plot just off the A1167 approximately 3 miles south of Berwick-upon-Tweed. Scotland’s capital, Edinburgh, and a principle city in the north east of England, Newcastle, are both 60 miles away from here respectively.
The nearby market town of Berwick-upon-Tweed offers a wide range of local and national services, including supermarkets, banks, medical facilities, a leisure centre and schooling for all ages. There is also a mainline railway station that provides direct services to London and other UK cities.
For tourism and access to open countryside the Northumberland area is extremely popular and a favored holiday destination. Alnwick Castle and Gardens, Bamburgh Castle, Holy Island, Lindisfarne and Seahouses are just a few of the most popular attractions. Composers at Woodlands is an ideal base to explore everything Northumberland and the Scottish Borders have to offer.
Trading under the name ‘Composers at Woodlands’ the business comprises 4 self-contained two-bed cottages providing superb letting accommodation and facilities. The properties have consistently achieved 5 star Gold award accreditation since opening.
They are constructed of rendered brick and blockwork under a slate roof and are maintained to a very high standard. They are situated around a pleasant courtyard surrounded by mature landscaping and enjoy views of the coastline from the east elevation.
Each cottage has a similar design internally with an open double height void creating a bright and airy feel. The use of the properties is restricted to business only and, as such, a change of use would be required for them to be used as principle residences.
Each unit is decorated with neutral tones throughout, maintained to an exacting standard and comprise of the following features:
The cottages, which are open 12 months every year, are catering for a high demand from local and UK-wide customers seeking a holiday retreat to explore the surrounding area. This table is an indication of the rate card for the accommodation with the trading figures made available to us indicating an average of £500 per week per property.
LOW SEASON (2 Person)
HIGH SEASON (2 person)
LOW SEASON (4 person)
HIGH SEASON (4 Person)
£360 per week
£430 per week
£730 per week
Short breaks are also catered for excluding July, August and December.
Through improved marketing and focused attention there is real scope to increase turnover and develop what is already a solid and established trading business. Our client has decided to place this opportunity on the market so they can pursue an expansion drive in an existing business venture.
The current proprietors of Composers at Woodlands occupy a superbly appointed three bed detached bungalow adjacent to the holiday cottages. The house is constructed from a mixture of brick and natural stonework with a Marley concrete slate roof and is tastefully decorated throughout.
The house, remodeled and extended in 2012, comprises of the following:
Externally, there is a nicely concealed and well-manicured garden with a greenhouse, garden shed and an area for storing wood.
The owners’ accommodation is currently a residential dwelling and would require a change of use should any new owner wish to convert it into letting accommodation.
Financial information regarding the trading business will only be provided to parties who have conducted a viewing and noted an interest.
According to the Valuation Office Agency website (www.tax.service.gov.uk) the 4 letting properties, office accommodation and car parking have been entered into the valuation roll with Rateable Value of £6,685.
The uniform business rate poundage for 2016/2017 is £0.484 if the rateable value of your property is less than £35,000.
Our client is seeking offers over £900,000 for the freehold property, fixtures, fittings and goodwill.
We understand Composers at Woodlands is connected to main supplies for all utilities. Drainage is via a septic tank.
The holiday cottages are electric throughout and the owners’ accommodation benefits from gas central heating. The office accommodation has electric heating.
FIXTURES AND FITTINGS
With the exception of the dining room curtains and furniture in the owners’ accommodation, all of the furniture, fixtures and fittings in the holiday cottages and management office will be made available as part of the sale.
The purchaser must satisfy themselves as to what the VAT position will be in this transaction and whether or not it is applicable.
IME Property is able to put interested parties in touch with suitable funding partners who may be able provide debt to support an acquisition. For further information contact Iain Mercer.
VIEWING AND FURTHER INFORMATION
Viewing is strictly by appointment only through prior arrangement with the sole selling agent, IME Property.