Albert Street, Newark, Nottinghamshire, NG24

Business for Sale - The Old Victorian School Apartments

Guide Price: £495,000 (100% Share Sale)

OVERVIEW

The Old Victorian School Leases Ltd is a boutique holiday-let and serviced accommodation business holding the long leasehold interests in seven fully refurbished apartments within a characterful Victorian school conversion in Newark.

This is a 100% share sale, giving the purchaser ownership of the company that holds the seven individual apartment titles. Each apartment benefits from its own secured mortgage, all of which remain within the company structure. This significantly reduces costs such as stamp duty, legal fees, and lending charges, providing buyers with a tax-efficient and cost-effective acquisition route.

KEY HIGHLIGHTS

Seven 999-year leasehold apartments, each with its own title
Total property value estimated at £1.26 million
Net equity position: approx. £421,887 after secured lending
Turnover (latest year): £102,737
Net Profit: £32,645 (part-year; seven units now operational)
Fully managed, hands-off operation
Prime London in Newark with consistent year-round demand
Asking Price: £495,000 for 100% share sale

APARTMENT FEATURES

Each property has been thoughtfully curated to provide a true home-from-home experience. Key features include:

Bright and inviting interiors with heritage character
Flexible sleeping arrangements - typically two double bedrooms plus sofa bed, accommodating up to 5 guests
Cosy living areas with comfortable seating and smart TVs
Fully equipped kitchens with oven, hob, fridge-freezer, microwave, toaster, kettle, and washing machine
Modern bathrooms with high-quality fittings
Complimentary Wi-Fi throughout
Free off-street parking for guests

GUEST EXPERIENCE

Guest feedback consistently highlights the apartments as comfortable, well-located, and immaculately clean. Guests enjoy:

24/7 self check-in/out
High-quality towels and linen
Deep cleaning between stays with mid-stay linen service for long bookings
Weekly and monthly discounts (10% & 20%)
Flexible cancellation policies
Sole access to the entire apartment for each booking

TARGET MARKETS

The portfolio attracts a wide range of customers, including:

Contractors and companies seeking short-term housing or relocations
Families and friends visiting London
Business travellers requiring extended stays
Travel managers and PAs arranging accommodation for staff
Insurance companies housing clients in temporary accommodation
Individuals between house moves or property refurbishments

LOCATION

The Old Victorian School Apartments are located in Newark-on-Trent, a popular and well-connected market town in Nottinghamshire. Newark benefits from:

Excellent transport connections with two train stations offering direct services to London in approx. 75 minutes, alongside easy road access to the A1 and A46.
Strong business demand from local industry, logistics, and contractors working in the region.
Tourist appeal, with attractions such as Newark Castle, the market square, and proximity to Sherwood Forest and Lincoln Cathedral drawing visitors year-round.
A vibrant town centre with restaurants, cafés, and retail outlets, ensuring consistent guest demand from both leisure and corporate markets.

PROPERTY PORTFOLIO

Flat 1 - £190,000
Flat 2 - £175,000
Flat 3 - £175,000
Flat 4 - £175,000
Flat 5 - £175,000
Flat 6 - £180,000
Flat 8 - £190,000
Total Market Value: £1,260,000

FINANCIAL OVERVIEW

The trading model is built on short-term holiday and serviced lets, marketed across leading platforms.

Turnover (latest year): £102,737.36
Net Profit: £32,645.36
Figures reflect the first year of trading with phased rollout - initially three apartments operating for six months, before expanding to all seven units. The current structure now shows full-year trading potential across the entire portfolio.

WHY INVEST

Secure, asset-backed value with long leases across seven units
100% share sale structure retains mortgages within the company, minimising stamp duty and lending fees
Hands-off management already in place
Proven demand from leisure, corporate, and long-stay guests
Scalability through dynamic pricing, corporate contracts, and direct bookings

SALE STRUCTURE

The business is offered via a 100% share sale of The Old Victorian School Leases Ltd, giving buyers:

Ownership of the company and all seven property titles
Existing operational trading history
Significant cost savings compared with a traditional property purchase

CONFIDENTIALITY & NEXT STEPS

Viewings are strictly by appointment only, for more information, please contact:

Goodwins Business Brokers
Tel:
Email: