Freehold Development Property & Holiday Let [LL68 9LY]

- About
The business comprises a freehold, two-unit property combining an established short-term holiday let with an ongoing development project. The AirBnB side has been in operation since July 2023 and has completed two full seasonal cycles. The property was purchased in a derelict state as a retirement project, and substantial refurbishment has already been completed, including a new roof and restoration of Grade II listed windows. On the development side, the owners progressed to the stage of being ready to install the internal steel frame, with plans and quotes obtained, before pausing work. Planning consent is already in place for the holiday let use. Due to personal circumstances and commitments to another business, the owners are now seeking to sell.

- Premises Details
The premises comprise a partially developed Grade II listed property offering two distinct accommodation areas. The operational side currently includes three bedrooms configured as one extra-large double bedroom, one room with a single and double bed, and a further single bedroom. The property also benefits from a fully equipped kitchen, dining and lounge area, along with a practical boot room fitted with washing facilities, which is particularly attractive for guests with pets or those returning from outdoor activities.

A second three-bedroom section exists within the property, forming part of the ongoing development plans. Once completed, this will significantly enhance the overall offering, with proposed additions including a cinema room and a billiards area, creating a higher-end, multi-unit holiday let proposition. Planning consent although in place, remains restricted to holiday let usage and cannot be converted into residential occupancy.

- Summary
This is a unique opportunity to acquire a freehold property with two units: a trading holiday let with proven demand and a development project with planning in place. Significant restoration and refurbishment work has been completed, and the property offers immediate trading capability alongside potential for expansion, operational efficiency, and increased profitability. With further investment and the introduction of a direct booking system, the property has the potential to evolve into a premium multi-unit holiday destination.