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Competitive bidding for holiday cottage complex

wantspacegotspace.co.uk - Competitive bidding for holiday cottage complexChesterton Humberts have recently sold Blagdon Farm Country Holidays, Ashwater, Beaworthy, West Devon which was available at guide price of £895,000 for the freehold interest. 

The purpose built holiday cottage complex was designed for disabled access and had panoramic views over the fishing lake and surrounding countryside. 

The property provided a three bedroom owners accommodation within a stone barn conversion with adjoining self contained two bedroom annexe.  There were eight purpose built holiday letting cottages.  Facilities included indoor pool, games room and childrens play area, bar/restaurant.  Set in 10.65 acres of pasture and paddocks including a 1½ acre fishing lake.

Stephen Richards of Chesterton Humberts comments “We specialise in the sale of properties of this type and received strong interest for Blagdon Farm as soon as we brought it to the market. 

The difficulty that we received was that the property was not trading, narrowing the potential purchasers.  The majority of the buyers that viewed the property were from outside of the area, mainly coming from the South East.  The property was sensibly priced within the market and we received competitive bidding before agreeing a sale on behalf of our clients”.

Posted by The Editor (wantspacegotspace) on 1st July 2013 (updated 08/07/2013)

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