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4.31 acres, South Duffield, Nr York, North Yorkshire, Y08 6EQ
For Sale -
Offers Over £2,000,000
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Holiday site trading with 11 holiday rental lodges and 1 vacant plot.
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Planning permission for 12 lodges
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Currently trading all year around on a holiday basis.
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Strong trading history of short-term, holiday rentals via Hoseasons.
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Planning permission submitted for an additional 6 lodges.
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Certificate of Lawful Use to use the cabins as residential dwellings.
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Site area of approx. 4.31 acres (1.74 hectares)
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Subject to planning, there is ample room to accommodate a further 6 lodges (no overage applies)
The Park
The property comprises 11 solid oak clad lodges, attractively designed in a lakeside setting with expansive decks and hot tubs over-looking the lakes and currently being traded on a short-term holiday rental basis.
In addition to the 11 trading holiday lodges there is a large vacant plot that could accommodate an additional lodge. There are 6 no. 2 bedroom lodges and 5 no. 1 bedroom lodges, and all the lodges have substantial decked areas fitted with hot tubs. In addition, there are 4 outbuildings for storage of cleaning products and machinery plus a reception at the entrance of the park.
Planning history
Permissions can be viewed on the North Yorkshire planning page under search planning applications or by clicking the link below & searching for the relevant Reference Numbers in the list also below:
https://public.selby.gov.uk/online-applications/search.do?action=simple&searchType=Application
(Ref 2006/1531/FUL, Ref 2017/0229/FUL, Ref2017/1270/DOC, Ref 2018/0125/DOC, Ref 2018/0177/CPE, Ref 2022/0722FUL, Ref ZG2023/0684/S73)
We understand the owner has applied for permission a further 6 lodges.
Planning permission Decision No. 2018/0177/CPE confirms that the land can be used for self-catering holiday lodges open all year and for use as residential dwellings.
Business
The table below summarises the last 3 seasons trading figures and take account of the travel expenses, use of private residence (working from home) and finance costs to arrive at an adjusted EBITDA figure for each year.
Year Ending... | Turnover... | New Profit... | Adjusted Net Profit |
31.03.2024 | £420,529 | £136,671 | £165,661 |
31.03.2023 | £369,284 | £86,316 | £119,779 |
31.03.2022 | £445,318 | £187,491 | £213,410 |
Alternatively, a new owner could take the property in a different direction and rent or sell off the properties as residential dwellings.
ServicesWater - Mains
Electric - Mains. Mainly electric heating to the lodges.
Water - Treatment Plant.
TenureFreehold
Terms of saleThe entire property is outlined in red on the above plan and is available for purchase freehold as an asset sale of the land & business as a going concern at a price of £2 million with vacant possession upon completion.
Overage paymentAn additional payment of £50,000 per lodge permission, up to a maximum payment of £300,000, will be due to the sellers if the current planning application for 6 additional lodges is permitted.
LocationThe property is located in the heart of the picturesque Yorkshire Wolds, within striking distance of the Yorkshire coastline and within 30 minutes of the historic Roman City of York which is situated approx. 15 miles away to the north. The larger city of Leeds is located approximately 32 miles away (approx. 52 minutes drivetime) to the west via the A63.
From the A19, take the turning for the A163 towards Market Weighton. Travel for just over 2 miles and take a right turn onto Low Moor Road at the crossroads and then first left onto Greengate Lane. The park is located on the left-hand side after approx. ½ a mile.
Please click 'View a brochure' for further details.
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