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For Sale

Primrose Farm

Specifications

5.94 Acres (2.4 Hectares)
£
For Sale: £1,325,000 Guide Price
Primrose Farm, Penstraze, Chacewater, Truro, Cornwall, TR4 8PJ
Current Brochure

Summary

Established fully operation holiday business
Substantial investment of the site
Excellent range of accommodation and facilities
Established customer base
Year round operation with 12 month licence for holiday occupancy
Continued winter trading
2 shower blocks & Hot tub facilities
5.94 acres to include separate glamping, caravan and camping fields

Description

Primrose Farm Holidays is an excellently located and established holiday park offering future growth potential from a solid base. The site provides a range of price point holidays, from the camping field, caravan pitches (38 with 36 electric hook ups), with Safari and bell tents and a newly installed 2 bed lodge (with hot tub).

Customers have options for their own or a (bookable) hot tub enclosure, alongside smart facilities to include two shower blacks and a licenced coffee bar, with marque events during the main season. In addition to the three trading fields, there are additional areas and outbuildings which offer opportunities for growth or diversification to other business interests, particularly as there is a site licence for up to 60 touring and 9 camping pitches.

The owners house is centrally located and provides for a comfortable 4 bed family home and grounds.

Site Development & Established Business:
The site has undergone extensive development, including the creation of luxury safari tent pitches with en-suite facilities and private hot tubs, Oak View Lodge, bell tent accommodation, and touring and camping pitches with electric hook-ups and water supplies. Further improvements include modern shower and toilet facilities, a licensed café/bar, site shop, landscaping, fencing and supporting infrastructure.

The business benefits from multiple income streams, an established customer base and over 50% repeat business. Trading takes place throughout the year, providing a year-round income rather than relying solely on seasonal demand.

Future Development Potential / Planning:
The site benefits from existing planning permission for five additional glamping units within the current dog walking field, offering an excellent opportunity to expand the accommodation offering and increase revenue, particularly during the main holiday season.
PA20/11156.



Location

The site is within a very short distance of the A30 expressway at Chiverton, on the A390 to Truro and is popular due to its easy access to both coastlines and having an open rural outlook, being on the edge of the Gwennap, Kennall Vale and Perran Foundry World Heritage Site. Truro is just under 6 miles and there is considerable positive growth in the area that will benefits the site in the longer term, one of which has been the addition of a cycleway between Truro and St Agnes, which passes the entrance. With the majority of guests seeking an accessible inland location in order to explore the county, the location is a key driver and underlines the c50% repeat bookings the site enjoys. The nearest coastal locations of St Agnes and Perranporth offer the best of contrasting Cornish coastal style, with the charm and rugged outlook of St Agnes at Trevaunance Cove to the long golden sands of Perranporth. Whilst these beaches are within a very short distance, both North and South beaches are easily reached from the site.

Accommodation

Primrose Farm Holidays is an excellently located and established holiday park offering future growth potential from a solid base. The site provides a range of price point holidays and include the choice of:

? Camping field
? 38 caravan pitches - 36 with electric hook up
? Safari tents (3) and Bell tents (6)
? Newly installed 2 bedroom lodge with hot tub
The current owners have created a thriving holiday business during their ownership, with considerable investment to create a broad range of letting and onsite income, which continues to grow year on year.

Customers have options for their own or a (bookable) hot tub enclosure, alongside facilities to include two new shower blocks and a licenced coffee bar and shop, with marque events featured during the main season. In addition to the three trading fields, there are areas and outbuildings which offer opportunities for growth or diversification to other business interests, particularly as there is a site licence for up to 60 touring and 9 camping pitches, but also through additional attractions such as petting zoo, farm shop and space to grow produce.

The owners house is centrally located and provides for a comfortable 4 bed family home and private grounds.

Primrose Farm Holidays is set out over a site of 5.94 acres and natural hedging provides for three accommodation areas. The caravan and camping fields have two new shower blocks and a more recent addition of site shop, cafe and bar, which has proved popular. The glamping field provides for 3 safari tents with hot tub and Oak View, which can accommodate up to six people. There is a lower field which would form a natural expansion to this element of the business.

Central to the site is a 4 bedroom family home and private gardens.

There is additional land that has been used for farm pets and poly tunnels in the past and which can provide further opportunities along a number of individual block buildings for development.

There is a site licence for 60 touring and 9 camping pitches and currently the inventory includes 38 pitches (36 with electric hook up). The owners erect 6 bell tents and a small marque during the peak season and the licence extends year round.

Further information is available on https://www.primrosefarmholidays.co.uk/

Having created the site and with with year on year reinvestment, the business is flourishing and offers scope for considerable future growth, particularly as most of the infrastructure has been established. Primrose Farm Holidays operates and generates income throughout all 12 months of the year and while trading is naturally more seasonal, the business continues to welcome guests and generate revenue during the winter months.

Trading information can be made available to interested parties subject to NDA and background check.


Business Rates

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £17,275 - please note that this is not the amount you pay. Council tax band E.

Contact our team of business rates experts if you have a query about the rateable value of this property.

Services

We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

EPC / MEES

E (40)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.

VAT

All figures quoted are exclusive of VAT if applicable.

Agent Contacts