Holiday letting business located in a unique position on the South West Coast Path with panoramic sea views. 4-bed owners’ accommodation. Separate self-contained 1-bed annexe/holiday apartment. 46 privately owned holiday homes.
THE BUSINESS Talland Bay Ltd had a gross turnover year ending November 2021 of £417,370 and currently have 3 staff running the business and use additional external cleaners to help with the changeovers and linen in the high season. Owners asset includes a long leasehold interest in the 4-bedroom residential apartment (High Barns) and the adjoining 1-bedroom annexe/holiday letting apartment.
As with many holiday letting businesses, ‘The Bay, Talland’ is a managed park and provides holiday rental management services to the individual owners. The 13 acre luxury holiday home site is rated 5* on TripAdvisor.
Contracts are renewed annually with the individual owners. The services include managing the bookings, payments, provisions of changeover services including cleaning, linen and towels for the individual properties. The business promotes the holiday letting properties via their own website: www.thebaytalland.com which provides advertising information along with booking services via an electronic booking system. Talland Bay Ltd also use agencies which provide a small proportion of the letting income.
The main selling point of the holiday park is its location and the 5* quality accommodation that they offer including the indoor swimming pool/spa complex. The business has an established track record and has been operating since the park was developed back in 2011. Further trading information can be provided to bona fide purchasers.
LOCATION The Bay, Talland has a unique location along this quiet coastline of South East Cornwall between Looe and Polperro in a rural setting and adjoins the South West Coast Path. The property is located just above Talland Bay which is a sandy beach with cafes.
The nearest picturesque harbour fishing village is Polperro (4 miles) known in its own right as a tourist attraction and offers a range of shops, pubs, a church, primary school, heritage museum and beach. Further amenities and facilities are located at Looe (2.5 miles) including a primary and secondary school, fish market, restaurants, mini marts, bakery’s, public houses, hairdressers and beach. The harbour town offers moorings plus a jetty for launching and has a railway station.
Plymouth is the commercial centre of the area (30 miles) and is accessed via the A38 by the Tamar Bridge or the Torpoint Ferry. Plymouth city has a shopping centre, theatres, cinema, national aquarium and The Hoe made famous by Sir Francis Drake. The National Trust Lantic Bay is a long stretch of unspoilt coastline known locally as ‘the smugglers coast’. Attractions in the area include The Eden Project at St. Austell, The Lost Gardens of Heligan near Mevagissey, Lanhydrock House (National Trust) at Bodmin, Antony House (National Trust) at Torpoint and the Adrenalin Quarry near Liskeard. Mountain biking is available at Cardinham Woods near Bodmin.
The North Cornwall coastline is accessible at the popular harbour town of Padstow and at the surfing beaches of Polzeath and Constantine Bay plus the former fishing village of Port Isaac, made famous by the Doc Martin TV series.
HIGH BARNS First and second floor apartment situated above the reception/indoor swimming pool and spa complex that was originally built in 1996 and was totally refurbished when the site was developed to provide a 4-bedroom owners accommodation over two floors, accessed via an external staircase that leads to a balcony which is shared between the residential owner’s apartment and the attached annexe/holiday letting apartment.
High Barns provides a hall with airing cupboard, understairs cupboard and cloakroom and gives access to all of the rooms including an open plan kitchen/dining room with a staircase that leads up to the second floor landing with a wash room and access to bedrooms 2 and 3. Sitting room, bedroom 1 with en-suite shower room, bedroom 4, washroom, family bathroom and a utility room. From the hall there is a staircase that leads up into bedroom 2 on the second floor.
ANNEXE/APARTMENT The self-contained 1-bedroom annexe/holiday apartment could be occupied by a family member or used as holiday letting accommodation to provide extra income. The accommodation comprises a kitchen, sitting room, bedroom and separate shower room. Access is from the shared balcony area which leads into the kitchen.
LEISURE FACILITIES The leisure complex is located on the ground floor below High Barns and the apartment and includes an indoor pool 12m x 6m, gym, changing rooms and sauna for up to 8 people. Guest amenities include a reception area within the building with a range of tourist information, ceramic tiled floor, air conditioning and rattan seating with tables and sofas plus floor to ceiling glass windows looking into the pool room.
Gym with a range of exercise machines such as exercise bike, cross trainers, running machine and weights area.
METHOD OF SALE The property is offered by private treaty, inclusive of trade inventory in relation to the business, excluding any personal items.
TENURE & POSSESSION Talland Bay Limited is offered for sale which includes the long leasehold interest in High Barns and the apartment. The freehold interest in the above properties could be made available by separate negotiation.
High Barns and the apartment are held on a long leasehold basis on a 999-year lease commencing in 2008. The lease gives the holder the use of the swimming pool and access to all of the communal areas on the site.
SERVICES High Barns and the apartment are heated via LPG central heating and have mains electricity, private water and private drainage systems.
VIEWINGS Strictly by appointment with agents Carter Jonas.
The next steps...
How will you fund the purchase?
Before making an offer on a property you will want to consider your financial situation, your income and outgoings.
Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.
They do all the legwork for you, working on your behalf with the lender
They compare wholesale mortgage rates from a large number of banks and lenders all at once
Wholesale interest rates can be lower than retail (bank branch) interest rates
You get more loan options because they work with numerous banks and lenders
Brokers can finance tricky deals because of their knowledge and various lending partners
Are typically easier to get in contact with, less bureaucratic.
However with your bank maybe able to:
Build off existing relationship (discounts if you have a checking/saving account)
You may already know the banker who will handle your mortgage
Perhaps more trustworthy, more accountable than a smaller shop
Lower interest rates in some cases
Ability to add mortgage to existing banking profile and make automatic payments from linked account.
Making an offer
online with Carter Jonas.
When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.
If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.
We want to make the offer process as simple as possible and by registering with an account with Carter Jonas today, you can make offers on any of our properties online and at your convenience. Just register with us online and click the 'make an offer' button on any of our properties.
Need to sell a property
or thinking of renting?
If you have a property to sell, why not see how we can help you. Did you know we can offer all our residential clients a login that will allow them to track their property sale online.
Our offices are also open longer during the week and weekends and we can take calls from potential buyers 24 hours a day 365 days a year.
We can even take the stress out of managing your rental, our award winning lettings team offer a service that can be tailored to your needs.
Combined with over 150 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.
Whether you are looking for office or house, a farm or estate the UK property market is notoriously fast moving.
So if you want to be at the front of the property queue, ensure you are signed up to receive daily property alerts and gain instant access to your saved properties and frequent searches.
Also by registering with us online you will receive select research and relevant publications before anybody else and gain access to helpful guides, which will aid you with your property purchase.
Don't forget to use our innovative and unique property wizard to help you find properties you would may not have initially considered, and remember that by registering an account you can make an offer online on your dream home 24/7.
Receive email alerts
Fast access to your recent searches
Publication before anyone else
Helpful guides to aid you in your property search
Make offers on property online.
Found a property, interested?
Arrange a viewing today.
Viewing a house or flat can be an exciting time, but remember to register with you local office of Carter Jonas first.
This could give you access to confidential sales (properties we are requested not to advertise) which you will never see online.
It's also worth registering with us online, here you can setup email alerts which will be sent daily, updating you on the latest properties that match your requirements.
When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.