Summary
COASTAL STATIC CARAVAN SITE (7)
CLOSE TO POLKERRIS BEACH
NEW COMMERCIAL LEASE
ALL VANS TO BE SOLD EQUIPPED
CONSISTENT SALES & PROFIT (CIRCA £58,000 PA)
EPC: N/A
EPC: N/A
Location
Polkerris Holidays is located in the pretty village of Polkerris, overlooking St Austell Bay, which has a stone quay providing shelter. The beach is located approximately 2 miles west of Fowey and 6 miles from St Austell. The sandy beach is ideal for families, with facilities including a slipway, water sports centre, a pub and a seafood restaurant and takeaway cafe.
Businesses in prime coastal locations such as Polkerris offer a rare opportunity.
The Properties
The business is to be sold with 7 fully equipped static caravans (full inventory of chattels for each caravan is available upon request): the static caravans are as follows:-
2 x Atlas Gemini Excel 28ft x 10ft (February 2012)
5 x Atlas Florida Excel 28ft x 10ft (February 2013)
There is also a utility and laundry unit, housing a washing machine, tumble dryer and shared equipment such as sun umbrellas, DVDs and barbeque tools.
The Business
We understand a holiday business has been established on this site since the late 1950’s, which has been in our clients’ tenure since March 2008 who are now wishing to sell to pursue other business interests.
The Site Licence allows the business to trade from Easter through to October and is principally run by our husband and wife clients, with some part-time cleaning assistance on the changeover (Saturday).
We are advised the turnover for the year October 2019 is £80,996 (not VAT registered), which after all expenses produces a net profit of £58,462.
For further details regarding our clients’ business please see their website www.polkerrisholidays.co.uk
Tenure – Leasehold
The site is owned by the Menabilly Estate (which owns the village of Polkerris) and we are advised the site will be made available to a purchaser with a new 20 year lease (excluded from the Security of Tenure Provisions) with a rental of £10,000 pa, 4 year rent review.
General Information
LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk
Energy Performance Certificate
Not applicable.
Inventory
A detailed Inventory of all loose chattels and equipment for each caravan is available upon request.
Business Rates
We refer you to the government website https://www.tax.service.gov.uk/view-my-valuation/search
Services
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: 0845 601 2989
South West Water: 0800 169 1144
Legal Costs
Each Party (Seller and Buyer) to be responsible for their own Legal Costs and 50% each of the Landlords reasonably incurred costs in connection with the Grant of a New Lease.
Stock
Not applicable.
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
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] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [c] 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.