About this property
New Farm and Waterside Lodges offer an excellent opportunity to purchase a holiday letting enterprise with well-established holiday cottages together with the more recently developed holiday lodges. The property has excellent access to the A10 and A14 trunk roads with the nearby Milton Park and Ride providing easy access to Cambridge City Centre. The property is well located for the University City of Cambridge and the historic cathedral City of Ely, which provide extensive recreational and tourist attractions. Waterbeach station (2 miles) and Cambridge North station (3½ miles) are both in close proximity.
The property is offered for sale either as a whole or in two separate lots.
SELF-CATERING AND HOLIDAY LODGE ENTERPRISE
Waterside Lodges (Lot 2) - the lodges are a recent addition to the business, and the 4 completed lodges were built in 2018/19 to a bespoke design by the current owners. Each lodge is finished to a high standard with private parking, enclosed garden and decking area with hot tubs overlooking the fishing lake. There are two further lodges that have been constructed to a ´shell´ stage and ready to be fitted out either by the buyer or seller, providing an opportunity to generate further letting income. The 4 completed lodges have enjoyed an occupancy rate of 90% in the first year, and the equivalent of 3 completed lodges produced a 12 month turnover of £113,000 (September 2019 - September 2020). The lodges have a Booking.com rating of 9.8/10.
Further information and images can be viewed at www.newfarmcottages.co.uk and www.watersidelodges.com
An additional area of undeveloped land to the north of the fishing lake provides space to develop additional lodges, camping or glamping facilities subject to obtaining the necessary consents and permits.
LOT 2 - WATERSIDE LODGES AND LAKE EXTENDING TO 13.60 ACRES (5.50 HA)
The holiday lodge development has been recently established around a spacious site extending in total to 13.60 acres, including a 2.70 acre lake, and is approached through a secure gated access with a separate gravel driveway. The site has extensive grassed areas with post and rail paddocks with timber field shelters, 6 holiday lodges and additional buildings which have been developed in an attractive weatherboard style providing facilities for the complex.
Reception/Office and Games Room - guest reception and parking with key drop, games room with full size snooker table, pool table and table tennis, guest toilet, oil fired heating and kitchenette. Covered cycle store.
Maintenance Store and Yard - workshop with concrete floor, insulated roof and roller shutter door, together with 3 brick built stables with covered storage area and maintenance yard.
Laundry Store - fitted with plumbing for washing machines (for guests use), sink unit, laundry/cleaners store and enclosed bin storage area.
Holiday Lodges - the lodges are named after Cambridge Colleges (Trinity, Pembroke, Homerton and Darwin) and are set in an attractive waterside setting overlooking the lake. Each lodge benefits from individual parking, enclosed gardens, and covered decking area with a private hot tub. The accommodation for each lodge has been attractively furnished and extends to 77 sq.m. with Entrance Hall, 2 Bedrooms, 2 Bathrooms and open plan Living Area with Kitchen.
The two additional lodges have been constructed to shell stage and are ready to be fitted out. Planning permission has also been approved for an additional machinery/vehicle storage building and yard.
The fishing lake extends to 2.70 acres with two islands, one of which is connected to the main bank with a timber walkway. There are 12 concrete pegs and fishing is reserved exclusively for guests staying at the lodges, with species including Mirror Carp, Common Carp, Tench, Roach and Rudd and carp catches up to 22lbs.
There is a secondary maintenance access off Frith Drove and an additional area of undeveloped land to the north of the fishing lake provides space to develop additional lodges, camping or glamping facilities subject to obtaining the necessary consents and permits.
OUTGOINGS AND ENERGY PERFORMANCE RATINGS
Waterside Lodges - EPC Rating B.
VALUE ADDED TAX
In the event that any sale of the property or any right attached to it become a chargeable supply for vat the purchaser shall in addition to the consideration pay to the vendors the full amount of such tax.
FIXTURES AND FITTINGS
All fixtures and fittings are excluded from the sale of the property unless specifically referred to within these sales particulars. The fixtures and fittings contained within the self-catering units and holiday lodges are included in the sale and a full inventory will be provided prior to exchange of contracts.
Waterside Lodges - oil-fired combination boilers, mains water and electricity, private drainage system.
Outbuilding/Games Room - oil-fired combi-boiler, mains water, mains electricity, private drainage system.
VIEWINGS AND FURTHER INFORMATION
All viewings will be conducted in line with social distancing measures and Cheffins COVID-secure working guidelines.
Viewings are strictly by appointment with the sole agent. For further information please contact Simon Gooderham or Catherine Hackshall, Cheffins Cambridge office (01223) 213777.
As always, potential hazards exist on all properties and it is requested that all viewings are undertaken with care and safety particularly with regard to any areas in and around buildings and open water.
For clarification we wish to inform purchaser(s) that we have prepared these sales particulars as a general guide. None of the statements contained in these particulars as to the property shall be relied on as statements of fact. All measurements are given as a guide and no liability can be accepted for errors arising therefrom. The plan and acreages use gross acreages taken from the ordnance survey sheets and are for identification purposes only. The purchaser(s) shall be deemed to have full knowledge of the state and condition thereof and as to the ownership or any tree boundary or any part of the property. If communications, condition of the property, situation or such factors are of a particular importance to you please discuss these priorities with us before arranging an appointment to view. This should avoid a wasted journey. October 2020.
Get in touch
Cambridge Rural Professionals
1&2 Clifton Road
View similar properties