A premium holiday rental business with 5 self-catering holiday lodges and a 4-bedroom bungalow, let via Cottages.com, with permission granted for an additional 20 lodges, and offering further development potential, subject to planning.

LOCATION

The property is located in the heart of North Wales, half a mile from the centre of Caernarfon, and within striking distance of the North Wales coastline and the Snowdonia National Park.

Caernarfon is one of the most popular tourist towns in North Wales lying on the Menai Straits and opposite the Isle of Anglesey. This area of North Wales is so popular due to its convenient location within approximately 2 hour's drive of the major population centres in Northwest England, notably Liverpool and Manchester and their surrounding satellite towns and villages.

THE PARK

Cwm Cadnant Lodge Park is located in Caernarfon, North Wales and is accessed directly off the A4086 Llanberis Road.

At the entrance of the park is a newly refurbished, 4-bed dormer bungalow with parking. The lodge park is accessed via solid, electric aluminium gates controlled via a key code providing a secure environment for the lodge guests.

To date, the current owners have installed the first 5 lodges on the park. The development has been carried out to a very high standard incorporating tarmac roads, contemporary lighting, stone walls and bespoke built lodges with individually designed patio areas.

The 5 bespoke built cabins / lodges have been attractively designed to fit in with the surrounding woodland setting. All 5 have private decked areas, hot tubs and parking. Each cabin is built on a chassis and qualifies as a static caravan and the owners have been issued with a site licence under the Caravan Sites & Control of Development Act 1960.

There are 3 no. one-bedroom lodges (Dinas, Peris & Padarn) with an additional sofa bed sleeping up to 3 guests and 2 no. larger cabins (Gwynant & Menai) with two bedrooms which can sleep up to 5 guests. Each lodge is furnished in a contemporary style with an open plan living space, modern fitted kitchen, log burner, stylish bathroom and plenty of natural light.

The remainder of the land, with planning for a further 20 lodges, slopes down to the River Cadnant & remains undeveloped. Below this development land is a footbridge across the river to a former camping area. There is also further land to the west that could accommodate more lodges, subject to planning.

4-BEDROOM DORMER BUNGALOW

The property is located at the entrance of the park and is also used as a short-term rental property but could be used as owners or manager's accommodation, if required.

The property has been renovated to an exceptionally high standard offering a contemporary, comfortable feel throughout. The property is rendered with slate roof and fitted with double glazing and central heating. The accommodation comprises 4 bedrooms (1 x king ensuite, 2 double and 1 twin), 2 further bathrooms, impressive kitchen / diner and 2 reception rooms, plus additional utility room.

Outside there is a private, tiered patio / garden with hot tub. There is also a detached garage to the left of the property which is currently used to house all the items required for the rental turnarounds.

BUSINESS

The park has been trading since April 2022. In summary, the turnover of the park since opening and net of commission from the lettings company, has been as follows: Net income from lettings (after agent's commission) - Year ending April 22 £78,243, Year ending April 23 £54,433, Year ending April 24 £110,000

More recently the owners have changed letting agents and are now signed up with Cottages.com - part of the Hoseasons Group. The new agents have estimated that income from lettings over the 6 properties should increase to £175,000 net of commission in 2024 to £189,000 in 2025. Further detail is available on request.

Alternatively, a new owner could take the property in a different direction and sell off the properties as holiday homes and develop the remainder of the site for twin unit lodges or static caravans.

VIEWING

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