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Commercial Property for sale

Coe Burn Caravan Park, Thrunton, Alnwick, Northumberland

Guide Price £449,000

Property Description

Full description

• Static Caravan park with residential accommodation at an excellent Northumberland location • Established Park Business • Four bedroom house • 34 Static Caravan Pitches • Established Trading Records with potential to be further improved • Additional Land which could be developed subject to planning • Property extends in all to approximately 1.55 hectares (3.82 acres)

The Area
Coe Burn Caravan Park is situated in the picturesque settlement of Thrunton in Northumberland. The A697 is less than two miles from the property which provides access to the major regional centres. The villages of Whittingham and Powburn are within a short distance. The market town of Rothbury is only 6 miles to the west and Alnwick 10 miles to the east. The centre of Newcastle is approximately 30 miles away.

The immediate area is a popular tourist destination with many visitors and holiday makers.

The Property
Coe Burn includes a four bedroom bungalow that was built in the late 1980s. It has a large entrance hallway with doors to the reception rooms, kitchen and bedrooms. The living room has bi-fold doors through to the dining room, a brick fireplace with an open fire and glazed doors leading out onto the patio and garden. The dining room is dual aspect and has a glazed service hatch through to the kitchen which is fitted with a range of floor and wall units. The main bedroom is a double room with an en-suite bathroom including a WC, wash basin and shower cubicle. There are a further three double bedrooms each with fitted wardrobes. The main bathroom includes a bath with overhead shower, wash basin, bidet and WC. There is a separate shower room with a WC, wash basin and shower cubicle.

Property ref: 121_1601_3480072


Buyers Pack 
The Buyer’s Pack is available by contacting George F White on 01388 527966, and includes title information, premises licence, planning information and financial accounts for the past 3 years.

(EPC) EEC next to EIR 

Coe Burn Caravan Park 
The house and gardens are set within the Park which extends to approximately 1.55 hectares (3.82 acres) and is partially developed with 34 static caravan pitches. The remaining area of the Park is undeveloped.

Static Caravan Pitches 
There are currently 34 static caravan pitches occupied with privately owned static caravans and serviced with water and electric.

The site license allows for 34 static holiday caravans to be occupied between 1st April and 31st October.

Toilet and Shower Block 
The caravan site includes a male and female toilet/shower block which is fitted to a good standard.

Undeveloped Land 
There is approximately 0.30 hectares (0.74 acres) of land located at the south west of the property incorporating a car park area, woodland and scope to develop additional pitches.

Turnover and profit 
Turnover and profit for the past three years are as follows:
Year ending 2013 Turnover: £29,174 Net profit: £19,521
Year ending 2012 Turnover: £40,091 Net profit: £23,958
Year ending 2011 Turnover: £33,625 Net profit: £18,986

The tariffs for the static caravan pitches are currently £850 per annum for the 12ft wide pitches and £750 per annum for the 10ft wide pitches. Pitch tariffs are due for review this year.

Services 
We are advised the Park is connected to the following services:

Mains electricity – Single phase electric, supplying 16 amp hook-up points for all caravans although will be capable of supplying 32 amp.
Water – Spring water supplies to each of the static pitches together with the house and buildings. The springs are located on neighbouring land and we are advised there are rights to take water from those springs and across third party land onto the property. There is an obligation on the owner of Coe Burn to maintain and keep in good repair the spring water supplies and the apparatus from those supplies.
Drainage – Septic tank connected to the house with a separate septic tank connected to the toilet/shower/laundry block. The caravans drain to a soak away.
Gas – Cylinder gas supply to caravans. The house has gas heating from a gas tank, with a condensing boiler on a vented circuit.

Restrictions & Designations 
There are rights to National Grid for a line that oversails the property. There are also rights to Energis to retain telecommunication apparatus on the National Grid apparatus.

Mercury Communications Limited have rights to retain telecommunication apparatus over the property.

The neighbouring property has rights to drain to a soakaway on the property.

Method of Sale 
The Vendor is offering to the market the freehold of the property together with the going concern of the business and the goodwill.

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