Profitable boating lake business in thriving tourist hot spot. Leasehold asking price £65,000 Goodrington Boating Lake, Youngs Park, Goodrington, , , TQ4 6LN

Goodrington Boating Lake, Youngs Park, Goodrington, Paignton, TQ4 6LN £65,000 L/H to include the lease, goodwill & fixtures & fittings.

Situation & Description Winter boat store 7.72m X 3.62 Hight 3.62m Goodrington Boating Lake is located in Youngs Park Paignton close to Located close to the boating lake the winter store is used for storing the swan Goodrington beach. The park is home to several attractions including band pedalo and bumper boats out of season. stand, small quad bike/ go cart circuit, crazy golf, cafes and ice cream stands making Youngs park a wonderful family park and play area. Close by there is Boating lake 80m x 45m circa 3,590m2 (Approx. scaled from lease plan) the wonderful Paignton & , Quay West Waterpark Sizable fresh water boating lake we understand to be naturally spring fed. and Paignton Zoo. Presently the lake is divided into two areas, by removable ropes and flotation markers allowing flexibility. The Goodrington Boating Lake trades seasonally from Easter to Autumn, this Bumper boat area with petrol driven restricted outboard motors. To one family run business enjoys excellent turn over and net profit. Presently the corner of the boating lake there is a boat store where the boats are stored business opens daily during the season from 10am - 6pm weather dependent. securely overnight. Swan pedalo area. Seasonal sales kiosk. The current owners have run the business since 2009 during that time they have seen the business grow, they have created an online booking system and Staff discount scheme and comprehensive web site which has driven the business Owner operator run with 4-part time seasonal staff as and when required. to its present level. Terms Accommodation Lease Term: 15-year lease from January 2017 with 5-year rent reviews. Main Building /Booking Office The lease provides that the boating lakes must be open 7days a week during Detached brick built building with security roller entrance door to entrance the “season” (Easter to 15th September) during the core hours of 10am – area, doors to: 5.30pm. “save when the weather makes opening impracticable.” The lease provides a specific code of practice available upon request. Workshop 3.64m x 2.73m Light and power work bench and shelving. Rent Kitchenette/ Store £12,750 + VAT Per Annum. Kitchenette 3.65m x 2.72m L shaped with working surfaces and shelving, sink. Store 2.01m x 1.65m Service Charge

£77.56 + VAT Per Annum. (Contribution for maintaining communal areas within the park) Externally

The main building has the benefit of owner parking for 2 cars on site and is screened by a low security fencing denoting the boundary. There is an Services additional seasonal sales kiosk to the far end of the boating lake. We have not carried out any tests on the services and are therefore unable to comment on their condition or adequacy.

Rates The current rateable value 1st April 2107 is £10,000 p/a which is under £12,000 small business rate relief.

EPC Exempt.

VAT All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

Legal Costs Each party to be responsible for their own legal costs incurred.

Viewing By Appointment Only through WAYCOTTS COMMERCIAL on 01803 403060

The White House, 42/44 The Terrace, , Devon, TQ1 1DE T: 01803 403060 E: [email protected] www.waycotts.co.uk

Agents Note: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only and whilst every care has been taken to ensure their accuracy, they should not be relied upon and potential buyers are advised to recheck the measurements before committing to any expense. Floor plans are not to scale. Internal photographs are reproduced for general information and it must not be inferred that any item shown is included in the property. The photographs may only represent part of the property and as they appeared at the time of being taken. No guarantee can be given as to the working condition of the various services and appliances. The agent has not tested any apparatus, equipment, fixtures or fittings or services and it is in the buyer’s interests to check the working condition of any appliances.