Phone: 01841 533386
Email: padstowsales@crw.co.uk

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Constantine Bay

The Towans

Established lifestyle holiday business offering substantial owners'/letting accommodation, 6 letting properties and planning permission for significant growth. EPC: C,D,E

Price: £1,950,000

Property Address

The Towans
Constantine Bay
Padstow
PL28 8PJ

Key Features

Full Description

The Towans is a unique opportunity to acquire an attractive well maintained lifestyle changing holiday business which currently offers an established income, together with the opportunity of further development if required.

The substantial detached owners/letting accommodation affords comfortable living areas, four bedrooms, two with en-suite facilities and family bathroom. To the rear of the property is a private garden and two parking spaces located to the front elevation.

On site there are a total of six holiday letting properties:

A three bedroom contemporary holiday house, with spacious open plan kitchen/dining/living room which opens to a balcony affording delightful views over open countryside.

There are four New England style holiday lodges (see agents note) offering two bedrooms with one en-suite facility and attractive open plan living accommodation and a one bedroom letting apartment.

On site there is a separate manager's office and storage shed with designated parking spaces for each unit. Externally the gardens and grounds have been well maintained.

The site extends to a total area of 1.06 acres (0.43 hectares) and is access via an electronically controlled bollarded access.

There is further scope for development on The Towans site with planning permission for two 3 bedroom holiday homes and two further holiday lodges. 

The aforementioned plots also benefit from services having been installed in preparation for development.

The gross profit year ending 31st March 2018 for the combined letting units comes to a total of £102,034. There is also a total of 39 weeks bookings across the site which are already booked for the 2019 season as of the 30th October 2018.

The location of The Towans is set within a popular hamlet within close proximity to Constantine Bay on the North Cornwall Coast. 

Constantine Bay itself and the famous Trevose golf course are both 0.6 miles away and nearby there is a selection of seven further sandy beaches, which gives this located the name of "7 bays for 7 days". 

Within easy distance is Watergate Bay, the historic harbour town of Padstow and Newquay.

Viewing is strongly recommended to appreciate the location and lifestyle/development opportunity The Towans has to offer prospective purchasers.

PLANNING - There is planning permission to add two further 3 bedroom holiday houses under application number E1/2007/01141.

There is planning permission to add a further two lodges under planning application number E1/2007/00025. 

OWNERS' HOUSE:

EXTERNALLY - The owners'/letting accommodation has two parking spaces and a private garden to the rear of the property.

HOLIDAY ACCOMMODATION - There are 4 New England style holiday lodges which offer the following accommodation:

There is a further one bedroom letting apartment with open plan kitchen/living/dining area and double en-suite bedroom

AGENTS NOTE - Holiday Lodge No4 is currently owned by a third party. There is an agreement in place that the site owners will purchase Lodge No 4 and this will be sold within The Towans development.

THREE BEDROOM HOLIDAY HOUSE - This property has a delightful aspect over the surrounding countryside and offer reverse level living as follows:

SERVICES - Mains water, mains electric, private drainage, LPG bottled gas to Owners House.

LOCAL AUTHORITY - Cornwall County Council, New County Hall, Treyew Road, Truro, TR1 3AY - 0300 123 4100

TENURE - Freehold

FIXTURES AND FITTINGS - Fixtures, fittings and equipment required for the operation of the business are to be included in the sale.

VAT - Should the sale of the property or any right attached to it be deemed a chargeable supply for VAT purposes, such tax shall be payable by the purchaser in addition to the sale price.

TUPE - The purchaser will be required to comply with the relevant legislation in respect of present employees.

DIRECTIONS ‚Äď Proceed out of Padstow on the B3276 in the direction of St Merryn. Proceed through the crossroads and take the right turn signposted to Constantine Bay. Proceed through the hamlet of Towan, past the village green. The Towans is located on your right hand side.