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Riverside Cottage Holidays, Oldford Farm, Frome, BA11 2NF

Guide Price
£2,500,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

Ask agent

SECTOR

Guest house for sale

Key features

  • Lifestyle holiday let business with farmhouse
  • 7 successful holiday let cottages
  • Circa 15 acres of grounds and gardens
  • Sizeable ancillary agricultural barn
  • River frontage
  • Fabulous location near Frome
  • Christie & Co Ref: 3440676

Description

Description

Riverside Cottage Holidays in Oldford is a luxury holiday cottage business currently run by the owners, Stephen and Maria. They have adapted the main 17th century farmhouse as their primary residence, previously operated as a holiday let sleeping 22. Stephen and Maria run the business as a lifestyle, taking care of the day-to-day running including taking bookings, welcoming guests and general daily management. They have adapted the business to suit their current lifestyle and requirements; however, the business can also be driven further to maximise its potential.

The cottages have been crafted from the original stone farm buildings and all benefit from parking and gardens. They are positioned in a courtyard near the farmhouse making the most of the tranquil Somerset countryside yet still close to the amenities of Oldford.

The estate is reached from a small road off the B3090. It benefits from front access gates, and the properties and gardens are enclosed by an original stone wall. The main house and gardens are set within circa 5.5 acres. There is an additional circa 9.6 acres of paddocks reached by a private track as well as via the main estate. The River Frome runs alongside the boundaries at the bottom of the plot with full fishing rights, as well as a historic Roman causeway.

Location

Riverside Cottage Holidays is located within the small village of Oldford, set within the countryside of Somerset. The village is situated on the outskirts of Frome (1.7 miles) and surrounded by beautiful countryside.

The village of Oldford has a rich history dating back to the 11th century. There are a number of small businesses including pubs, restaurants and farm shops. Frome is a busier town with over 30,000 residents and further attractions. Frome is a historic market town and features the highest number of listed buildings in Somerset. The town offers a range of shopping facilities, a leisure centre, theatres and cinemas, cafes, pubs, restaurants, schools and a hospital.

Internal Details

Main farmhouse:
- 7 bedrooms
- 5 bathrooms
- 3 floors
- Detached
- Original character features
- Grade II listed
- Beautifully presented
- Previously used as a holiday let

Situated over three floors, this beautiful and spacious farmhouse hosts an abundance of period character features including stone mullion windows, inglenook fireplaces with original bread oven, and impressive flagstone floors. The owners have renovated and restored many rooms including the reception rooms and kitchen, and have started renovating the bathrooms.

Works done during their ownership from 2021 consist of:
1. New log burners and flues
2. Exterior repointing using required lime mortar
3. Renovation of kitchen, complete remodel and under floor insulation (this is the only suspended floor in the property)
4. Rebuilding of the historic porch
5. New oil tank
6. New boiler

Self-contained holiday cottages:
- 7 cottages
- Plenty of parking
- Sleeps 41
- Walled gardens
- 5 of the cottages have their own private garden

The owners have continued to maintain and upgrade the holiday cottages. Works they have completed since ownership from 2021 consist of:
1. Replacing all central heating boilers (ongoing programme, halfway through)
2. Two new 2,500 L oil tanks giving 5,000 capacity in total
3. Replaced all appliances throughout (microwaves, hobs, ovens, washing machines, dishwashers, refrigerators etc)
4. Some replacement timber window and door frames
5. Some new floorcoverings - part of ongoing improvements (wear and tear)

Fixtures & Fittings

Trade fixtures and fittings are included in the freehold sale, those items personal to the owners may be excluded. Please contact the selling agent for clarity.

External Details

Externally, the property sits within circa 15 acres and is a mixture of formal gardens, orchard and grassland/paddocks. The land rolls down to the River Frome and is a tranquil place.

The holiday cottages are in an L-shaped block around a courtyard having once been a coach house and stabling. There is ample parking for a number of vehicles over a tarmacadam area which is behind the cottages.

In addition, and secluded but accessible, is a steel-framed agricultural barn which is currently used as a workshop and storage. This building is of great proportions and offers its own separate access from the lane along with land and gardens should one wish to separate. This barn could offer a fantastic redevelopment opportunity as multiple or single units and offers a wide range of other uses, all subject to the relevant consents.

The Opportunity

Riverside Cottages Holidays is currently a family-run lifestyle business. The owners have renovated and adapted the main farmhouse as their own residential dwelling. They currently run the holiday lets to suit their own needs and lifestyle. Holiday makers visit the site from across the world including returning guests from China and Sweden. A new owner could start operating from day one as the business is being sold as a transfer of going concern.

The previous owners ran the cottages and main farmhouse as a sole holiday letting business. Someone could explore this option, again subject to the relevant planning consents and classifications.

There is no longer a 28-day restriction on the holiday lets, and guests are allowed to stay indefinity as long as it is not their primary residence. Since this alteration, Riverside Cottages has had a vast array of guests, from short stay holiday makers to longer stay guests.

Trading Information

Trading information can be obtained via the selling agent.

Tenure

Freehold

Brochures

Riverside Cottage Holidays, Oldford Farm, Frome, BA11 2NF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Frome Station1.8 miles
  • Dilton Marsh Station4.3 miles
  • Westbury Station4.8 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

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Notes

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Disclaimer - Property reference 3440676-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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