Beyond EscapesBlagdon Road Paignton Devon TQ3 3YG

Devon Holiday Complex

September 2019

For sale | LONG L E A S E H O L D

O N B E H A L F O F M A R K B O U G H E Y A D M I N I S T R ATO R O F A R B O R E T U M D E V O N ( R H L ) L I M I T E D ( I N A D M I N I S T R AT I O N )

Beyond Escapes | Blagdon Road | Paignton | Devon | TQ3 3YGavisonyoung.co.uk/15239

Highlights– Attractive, newly-developed

holiday lodge scheme in South Devon

– High quality complex opened in early 2018

– Delightful rural location in South Hams, 3.5 miles west of Torbay

– Popular tourist destination

– Part new-build, part conversion providing 50 letting units

– Development cost circa £11m

– Opportunity to shape business and drive trading performance

– Long leasehold

– Subject to contract

Further information available at avisonyoung.co.uk/15239

SettingBeyond Escapes is located in a rural location in the South Hams.

Paignton and the surrounding area of Torbay, forming part of the ‘English Riviera’, is a popular tourist destination 3.5 miles to the east of the site.

The historic towns of Totnes and Dartmouth are both within easy reach.

There are numerous holiday attractions in the vicinity.

BEYOND ESCAPES

Beyond Escapes | Blagdon Road | Paignton | Devon | TQ3 3YGavisonyoung.co.uk/15239

Situation & LocationThe property is located on Blagdon Road, close to the hamlet of Blagdon.

The property lies between Totnes Road to the north and the A385 to the south.

The surrounding area is mainly rural with some housing and the Widend Touring Park to the north east.

Communications are good with reasonable access to the Devon Expressway (A38) to the west and the A380 to the east, both of which connect with Totnes Road.

THE SITE

BEYOND ESCAPES

Beyond Escapes | Blagdon Road | Paignton | Devon | TQ3 3YGavisonyoung.co.uk/15239

DescriptionA newly-developed holiday cottage scheme with the original mansion building converted into suites and new-build lodges.

The new-build lodges are wooden-clad with the two storey accommodation formed under pitched tile roofs.

An amenity building providing bar, restaurant, spa and Health & Fitness facilities.

Overall site area is approximately 4.5 acres with gravel circulation routes providing vehicle access around the complex.

There are 50 letting units, 30 of which have hot tubs.

Two units are currently self-contained staff accommodation

Parking space for each unit.

AccommodationAmenity Building: > Reception> Restaurant > Bar> Commercial kitchen> Treatment Rooms> Plunge Pool> Health & Fitness facility

Letting Accommodation: > 50 units providing mix of 2, 3 & 4 bedrooms > 30 units have hot tubs> Mansion building: 9 suites> Mansion extension: 8 apartments> Courtyard Lodges: 13 lodges > Woodland Lodges: 20 lodges

Beyond Escapes | Blagdon Road | Paignton | Devon | TQ3 3YGavisonyoung.co.uk/15239

The BusinessBeyond Escapes opened in early 2018 as a high- quality holiday letting business with one, two, three and four bedroom units. The complex trades using the Hoseasons exclusive ‘Daisy Door’ brand, its collection of 20 stylish and contemporary holiday cottages, where it has achieved an overall quality rating of 9.1/10.

The resort is aimed at both families and couples with a range of accommodation from apartments and suites within the former manor house to new build lodges with hot tubs.

Trading information is available on request.

TenureThe property is held on a long lease of 250 years from 19 March 2018 at an initial rent of £175,000 per annum. A copy of the lease and all title documents are available to download from our dataroom.

Condition The Property was completed and opened for trade in 2018.

The development is modern and presents in excellent repair and condition.

Copies of EPC’s for all units are available from our dataroom.

RatingThe complex is assessed for rates in the 2017 list as: Chalet park & premises – £220,000.

Prospective purchasers should make their own enquiries of Torbay Council 01803 207201.

Planning The development has the appropriate planning use consent within the Use Classes Order 1987 for its current use.

Planning documents are available to download from our dataroom.

Prospective purchasers should carry out their own due diligence with Torbay Council planning department on Torbay Council 01803 208095 or online at: https://torbay.gov.uk/planning-and-building/

VATAll references to figures in this document exclude VAT where applicable.

ProposalOffers are invited for the long leasehold interest inthe property, subject to contract.

Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent Avison Young is in this brochure is provided on the following conditions:1. The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract.2. All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct.

However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise.3. No person in the employment of Avison Young, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure.4. All prices quoted are exclusive of VAT.5. Avison Young shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by Avison Young.

Avison Young St Catherine’s Court, Berkeley Place, Bristol BS8 1BQ

Avison Young is the trading name of GVA Grimley Limited. ©2019 Avison Young

September 2019

For further information, please contact:

Andrew CapesT 0117 988 5234M 07584 108 045E andrew.capes@avisonyoung.com

Philip GibsonT 0121 609 8689M 07880 471 767E philip.gibson@avisonyoung.com

Property ref:avisonyoung.co.uk/15239

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