Otter’s Mead Lodges

At a glance

Key Points

• 7 hghly successful Omar hire lodges
• Extant consent for 8 more lodges
• Solar panels installed on each lodge and the shop (battery storage install underway)
• Local staff offer potential for hands off ownership
• Turnover y/e June 24 £320,788. Great scope for lodge sales
• Thriving shop with office and facilities
• Circa 4.25 acres with play area and woodland

Description

Developed in 2019 Otter’s Mead offers 7 high specification Omar holiday lodges, 6 Westfield 40×20 and 1 Woodbury 40×14 all of which have over 5 years warranty remaining. The business is thriving and highly profitable. The lodges are primarily offered for let by Hoseasons. In 2024 the vendor started taking direct bookings using a new website and Anytime which has
enabled them to capitalise on repeat bookings and also reduce commissions. WIth extant consent for 8 additional lodges there is great scope to grow the business and establish a sales operation. The planning might be varied to provide managers accommodation subject to the necessary planning consents.

The Location

Situated on a quiet road in the pretty village of Beetley Otter's Mead is well placed for holiday visitors being within easy driving
distance of the Heritage coast (Wells 20 miles & Cromer 25 miles) and Norwich (21 miles). Local attractions include Gressenhall Farm & Workhouse, the Mid Norfolk Railway with its popular steam trains and walks on Beetley and Hoe Meadows.
In the village there is a Thai resturant and pub. The A47 and the market town of Dereham (3.5 miles) ,known as the “heart of Norfolk” are to the south. Dereham offers a wide range of amenities, including Tesco supermarket, shops, banks, a health centre, dentists, golf and sport clubs. Norwich provides even more extensive facilities, notable schools and numerous recreational and cultural interests. The Broads are within striking distance. The mainline station at Wymondham links to London, whilst the A11 provides connections to the M11 and further afield.

Viewings

All viewings must be made through the Sole Selling Agents Michael Paul Consultancy, we would ask at our clients request that no direct approaches to the business directly please

The Business

The lodges are primarily let by Hoseasons for 12 months of the year in their Bouja collection and have a 5/5 feefoo review rating. In 2024 the vendor started taking direct bookings using a new website and Anytime which has enabled them to capitalise on repeat bookings and also reduce commissions. Each lodges is superbly maintained and stylishly furnished and decorated with an external hot tub and large deck area. All the lodges have solar panels and all but 1 have air source heating. Battery storage is in the pipeline. Net turnover to year ended June 2024 was £320,788 including shop sales which is well supported by locals and guests. For those looking looking for a hands off investment there is the potential for a member of the staff to step up (subject to agreeing terms) and run the business day to day.

Planning and Licensing

In 2018 planning permission ref 3PL/2017/1074/F was granted for the installation of 15no. holiday lodges, 1 lodge to
form reception, shop, toilet/changing facilities, childrens play area, wildflower meadow & associated landscaping. The site license
issued by Breckland coucil follows the planning permission conditions. The occupancy conditions as follows: (a) The
use shall be to provide holiday accommodation only and shall not be used as permanent unrestricted accommodation or as a sole or primary place of residence. b) No individual(s) Families or Groups shall occupy the holiday ccommodation for more than one calendar month consecutively and shall not return within the following calendar month, unless otherwise agreed in writing with the local planning. (c) A register of lettings, occupation and advertising shall be maintained at all times.