Albert Street, Newark, Nottinghamshire, NG24

Overview

The Old Victorian School Leases Ltd is a boutique holiday let and serviced accommodation business based in Newark-on-Trent, Nottinghamshire, holding the long leasehold interests in seven fully refurbished apartments within a characterful Victorian school conversion. The business is offered by way of a 100% share sale, giving the incoming purchaser full ownership of the company that holds all seven individual apartment titles, along with the existing secured mortgages within the company structure. This arrangement provides a tax-efficient and cost-effective acquisition route, with meaningful savings on stamp duty, legal fees and lending charges compared with a conventional property purchase.

The portfolio has a proven track record of short-term and serviced accommodation bookings and presents an excellent opportunity for a new owner to step into a turnkey, fully managed operation from day one. With all seven apartments already operational and a management structure firmly in place, the business requires minimal hands-on involvement from its owner and is well positioned for continued growth across leisure, corporate and long-stay markets.

Business Highlights

Turnkey, fully managed holiday let and serviced accommodation portfolio comprising seven individually designed apartments within a single company structure
Headline turnover of approximately £146,000 in the latest trading year, with full-year potential now available across all seven units
EBITDA of £69,530, a very healthy margin of approximately 47.6% for a serviced accommodation business
75% annual occupancy, with income diversified across seven units reducing reliance on any single apartment
Broad and diverse customer base including contractors, corporate travellers, families, insurance-housed guests and individuals between properties
Each apartment is fully furnished and equipped to a high standard, offering flexible sleeping arrangements and a genuine home-from-home experience with strong and consistent guest feedback
100% share sale structure offers a compelling and tax-efficient route to acquiring an asset-backed property portfolio
Clear growth opportunities through dynamic pricing strategies, corporate contract development and the expansion of direct booking channels to reduce platform commission costs
Fully managed operation with no requirement for the new owner to be involved in day-to-day management
Location

The Old Victorian School Leases Ltd is situated in Newark-on-Trent, Nottinghamshire, a location that benefits from excellent transport connectivity and strong year-round demand from both leisure and corporate guests. The surrounding area draws visitors through its heritage attractions, vibrant town centre offering restaurants, cafes and retail, and proximity to notable regional landmarks. Consistent demand from contractors, logistics professionals, business travellers and families ensures a broad and reliable guest base across all seasons.

Premises & Tenure

The business occupies a striking Victorian school conversion comprising seven individually designed apartments, each held on a long leasehold title. Every apartment is fully furnished and equipped to a high standard, ready for immediate continued operation without the need for further capital investment. The secured mortgages on each unit remain within the company structure as part of the share sale, forming an integral element of the acquisition.

Next Steps

Goodwins Business Brokers are acting as sole agents for the sale of The Old Victorian School Leases Ltd and invite serious enquiries from suitably qualified buyers. To register your interest or to request further information, please contact our team directly. Full details are available in the Information Memorandum.