Chartered Surveyors and Business Property Specialists
Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

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Old MacDonalds Farm, Porthcothan Bay, Padstow, Cornwall

Leisure for sale

£1,300,000

Freehold

NORTH COAST freehold TOURING SITE and Farm Park Attraction with 4 bedroom Owners Accommodation. Strong sales and Profits of c. £100k pa. A great seasonal business and lifestyle. Genuine reason for sale.

  • ESTABLISHED TOURING SITE (50 FARM PARK ATTRACTION) CIRCA 8.5 ACRES
  • WELL KNOWN – REGARDED SITE AND ATTRACTION IN NORTH CORNWALL
  • COASTAL LOCATION WITH FAR REACHING SEA VIEWS
  • 4 BEDROOM OWNERS’ HOUSE WITH SEA VIEWS
  • 3 LETTING ROOMS WITH SEA VIEWS ABOVE SHOP AND CAFE
  • EPC: D89
  • SIGNIFICANTLY REFURBISHED AND UPDATED
  • SEASONAL CAMPSITE/FARM PARK
  • CONSISTENT SALES, TURNOVER CIRCA £200,000, EBITDA CIRCA £92,000
  • GENUINE SALE, AN OPPORTUNITY FOR A FAMILY HOME AND INCOME IN A PRIME COASTAL LOCATION

Property Brochure PDF Location Map

Summary

ESTABLISHED TOURING SITE (50 FARM PARK ATTRACTION) CIRCA 8.5 ACRES
WELL KNOWN – REGARDED SITE AND ATTRACTION IN NORTH CORNWALL
COASTAL LOCATION WITH FAR REACHING SEA VIEWS
4 BEDROOM OWNERS’ HOUSE WITH SEA VIEWS
3 LETTING ROOMS WITH SEA VIEWS ABOVE SHOP AND CAFE
SIGNIFICANTLY REFURBISHED AND UPDATED
SEASONAL CAMPSITE/FARM PARK
CONSISTENT SALES, TURNOVER CIRCA £200,000, EBITDA CIRCA £92,000
GENUINE SALE, AN OPPORTUNITY FOR A FAMILY HOME AND INCOME IN A PRIME COASTAL LOCATION
EPC: D89

Location

Old MacDonald’s Farm is situated above Porthcothan Bay (circa 0.5 miles) on the dramatic North Cornish Coast. This part of Cornwall is sought after as an ideal holiday base to explore numerous surfing beaches and coves, the dramatic headland coastline and the small villages and towns, most notably Padstow and Rock.

Old MacDonald’s Farm enjoys a quiet rural location but is sign-posted off the main coast road and is easy to find.

The Business

We understand that a business of this type has traded from this site since 1979, has been in our clients’ tenure since January 2015 and is run principally as a husband and wife team with several part-time members of staff. We are advised that all three elements of the business, namely the Farm Park/ B&B and the Touring/Camp site operate on a seasonal basis from Easter through to September/October respectively.

Please see our clients website for further information : www.oldmacdonalds.co.uk

The Property

Old MacDonald’s Farm is set within approximately 8.5 Acres (to be independently verified) and briefly comprises a broad-fronted principal building which houses the reception, dining area, gift shop associated with the Park, the store/games room and the B&B facilities. To the left of the principal building is our clients’ private 4-bedroom owners’ accommodation. To the right-hand side is the shower block and within the Farm Park there are numerous buildings and stores etc associated with housing the animals and the service equipment. The touring/camp site is situated to the side of the Farm Park and enjoys much privacy.

The Trade

We are advised the turnover for the Farm Park and Camp Site show net sales for the year end December 2018 was £211,156 Which after deducting all overheads produces an adjusted net profit in the region of circa £92,086. Further accounting information will be made available subsequent to a viewing appointment in the normal manner.

The Accommodation Comprises

All areas and dimensions are approximate)

Entrance porch, with space for commercial literature leading through to:

Reception/cafeteria/retail area 7.83m x 5.71m. An attractive introduction to the business with tiled floor, windows to the rear elevation taking in views over the park, built in service counter. From entrance area through to:

Dining Area 8.39m x 4.56m. Two windows to the front elevation overlooking the park, set up for circa 32 covers, door to store room and through to inner hallway with disabled, male and female wc facilities. From reception area through to:

Gift Shop Area 5.14m x 4.58m. Window and door to front overlooking the park and leading to covered porch area (circa 20 covers), storage cupboard and continuation of tiled floor. Behind reception area through to:

Commercial Kitchen 3.35m x 3.0m Window to rear elevation, 4-ring electric cooker, stainless steel work benches, tiled floor, stainless steel drainer unit. Through to:

Rear Store/Freezer Room 3.09m x 2.01m. Door to rear elevation.

Letting Accommodation

Bedroom 1. Family room, with double and single beds, window to front and side elevations with far reaching country and sea views.

Bedroom 2. Twin room, window to front elevation with two single beds, with far reaching country and sea views.

Bedroom 3. Family, dormer window to front elevation and one window to side elevation with far reaching country and sea views.

N.B. All rooms are complete with tea and coffee making facilities, colour televisions with Freeview, along with requisite bed linen and furniture etc.

Park Facilities

Games Room 8.79m x 6.69m very large facility with double-head height situated adjacent to the principle entrance to the dining area, with table tennis table, pool table and bar football.

N.B. The games room currently has lapsed Planning Permission (see General Information Section).

Rear Barn 6.69m x 4.83m. Large double doors. Advised power and light connected.

N.B. This will form part of a Planning Permission (see General Information Section).

Shower Block 1. Approximately 8m x 7m which is 6 unisex wet rooms, covered wash up area and 2 wcs.

Shower Block 2. 2 ladies and 2 gents showers, 4 wc’s and 2 urinals.

Garage/Laundry 11m x 4.5m (external measurement). Comprises laundry room with commercial washer and separate dryer.

Separate Feed Store Room.

Separate Work Shop with power and light connected.

Owners Accommodation (tamarisk)

Entrance porch leading into:

Ground Floor
Kitchen/Dining Room 6.55m x 4.58m, with slate effect floor, complimentary range of base and wall units, stainless steel drainer unit, built in electric hob, fridge and dishwasher. Door through to:

Conservatory 4.45m x 4.2m, slate floor, windows to the front and side elevations.

Bedroom 1. Double room (en-suite shower) with built in wardrobe, window to front elevation.

Bedroom 2. Double room (en-suite shower) with window to rear elevation, built in wardrobe.

Utility Room 2.62m x 2.57m. Door to rear elevation. Stainless steel drainer unit, plumbing for washing machine.

2 wcs

Bedroom 3. 2.7m x 2.62m. Window to front elevation.

1st Floor

Bedroom 4. Double room with built in wardrobe, window to front and rear elevations with far reaching country and sea views.

Bathroom. Window to elevation, bath with shower attachment over, low level wc and wash hand basin.

Lounge 4.69m x 3.99m. Windows to the side and front elevations and French doors leading to a private balcony with far reaching country and sea views.

Nb

Advised the owners’ accommodation has oil fired central heating, with under floor heating on the ground floor and radiators to the first floor.

Photos of Owners Accommodation Available Upon Request.

Owners Garden

Parking to the front, gardens to the side and rear.

Outside

Access off country road, with parking to front of property for circa 30 cars, giving access to the Reception of the park, the camping/touring site and owners’ accommodation. Also, adjacent to the owners’ accommodation is a static caravan which, we are advised, is a 32 x 12 Contessa Bluebird 6-berth.

The Paddock

The Paddock is situate on the lower part of the site, has a stables and field shelter, with water connected.

Camping / Touring Site

Overall, the business sits within circa 8 Acres with 3 acres being given over to the Old MacDonalds Farm, a further 2.2 acres beyond the farm is the horses paddock and the camping and touring site, which is well screened land covering approximately 2.86 acres and which we are advised has a Seasonal Licence to trade from Easter, or the 1st April, through to the end of October with Permission for 50 units, 32 of which we are advised have electric hook-ups and 1 static caravan (not in the ownership of our clients) which yields a ground rent of circa £1,400 per annum for the exclusive holiday use of the owner. Our clients have created an overflow car park for circa 30 vehicles, with a further 30 at the front of the building.

A Site Plan is available upon request.

Nb

Property improvements: a schedule of the improvements both to the physical structure of the property in terms of the emarketing during our clients’ tenure (January 2015) can be obtained via the selling agents.

Nb

The livestock
We are advised all livestock, with the exception of the cows, pigs and lambs (which are taken on a seasonal loan basis) are owned by our clients and will be transferred with the business.

General Information

Premises Licence: We understand the business currently holds a premises licence in respect of sale of liquor on and off the premises.

Lapsed Planning Permission. Grant of Conditional Planning Permission (Application Number PA13/04329) for the conversion of existing store/the games room to 2 x holiday apartments (1 x 2-bedroom and 1 x 3-bedroom).

A copy of the Plans and Planning Permission can be obtained from the Selling Agents.

Business Rates. We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171.

Services. Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Transco: 0800 111 999

Energy Performance Certificate
The Energy Asset Rating is D89.

Value Added Tax
All the above prices/rentals are quoted exclusive of VAT, where applicable.

Finance

If you require advice regarding the Financing of a Business, at no initial cost, please contact us on the number below.

Contact Information

For further information or an appointment to view please contact:-
Graham Timmins on 01872 247019 or via email gt@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.

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Graham Timmins Head of Business Transfer View Profile

Contact us about this property

Call: 01872 247019
Email: gt@miller-commercial.co.uk

Property Brochure PDF