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16 bedroom house for sale

Beacon, Luppitt, Nr Honiton, Devon

Sold STC £2,000,000

Property Description

Key features

  • Grade II* Listed 16th Century thatched farmhouse provides dining hall, sitting room, kitchen/diner, 4 double bedrooms, bathroom and shower room.
  • 6 stone built holiday letting cottages (one with residential use currently used as owner's cottage).
  • All cottages are graded as 5* Gold by Visit England.
  • New stand-alone shepherd's hut provides a reception office.
  • Indoor swimming pool complex (with former planning permission to extend to provide play room/gym).
  • South facing landscaped gardens and grounds of approximately 1.55 acres.
  • Open fronted thatched barn with potential to convert into an additional cottage subject to the necessary consents.
  • Turnover of approximately 282,000 including VAT in 2014/15 season. (238,000 excluding VAT). Potential turnover of 310,000 including VAT with all cottages let. (261,000 excluding VAT).

Full description

Tenure: Freehold

The Holiday Letting Complex operates a successful and well established holiday letting business.

The cottages have been extensively refurbished over the last 4 years and are well designed, equipped and finished to provide a high standard of accommodation and are rated by Visit England as 5* Gold.

Turnover in the 2014/15 season was approximately £282,000 including VAT (£238,000 excluding VAT). The present owners live in Courtyard Cottage but the Farmhouse can also be used as owners’ accommodation.

The business had an occupation rate of 71% in 2014/15 with high levels of repeat business and recommendation trade.

The business is promoted through their website
coupled with using the national recognised organisation of Premier Cottages, Baby Friendly Boltholes and Holiday Lettings. There is an industry recognised online booking and payment system.

Gourmet meals and Otter Valley ice cream are able to be purchased on site and by prior arrangement chefs can be brought in to cook for guests in their own cottages.

Trading information can be provided to bone fide purchasers.

The property comprises a Grade II* Listed 16th Century Farmhouse together with 6 holiday letting cottages (1 with residential use). The complex has been comprehensively refurbished over the last 4 years, including bathrooms, kitchens, water supply, drainage, soak away, pool and the new biomass heating system.

The biomass heating system, installed in 2013, has an income of £15,000 per annum over a 20 year period which is index linked to RPI. The introduction of the Shepherds hut as a detached office/reception in the grounds is an added benefit.

The Farmhouse is of traditional construction under a pitched thatched roof, and has been substantially refurbished maintaining various attractive period features including two inglenook fireplaces, one with bread oven, and beamed ceilings throughout.

The holiday letting cottages are also of traditional construction, having been converted from a range of stone outbuildings. The cottages, two of which are thatched, have considerable charm and are sufficiently spaced from each other to afford a degree of privacy.

The property is set within mature gardens and grounds of approximately 1.55 acres. The property includes a paddock enclosed with post and rail fencing divided into animal enclosures with ducks, goats, chickens and a field shelter with electricity and water. Leisure facilities include an indoor pool complex, outdoor play areas, wooden fort and games barn.

The gardens and grounds are an integral part of the business and have been re-landscaped and replanted and are well maintained.

More information from this agent

Listing History

Added on Rightmove:
31 October 2016

Map & Street View

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