Former farm offering tourism potential comes to market for £1.8m
A rural residential business in Penrith has come to market with a guide price of £1.795m.
Carlisle-based H&H Land & Estates is marketing the five-property sale near Greystoke, Penrith.
Converted to an extremely high standard, Red Barn Farm includes a mix of luxury holiday lets and owner accommodation, as well as barns with additional development potential, subject to the necessary planning regulations.
Set over two acres, the property would be ideal for buyers seeking an exciting new income-generating opportunity, in a stunning and world-renowned destination.
Formerly a farm, the property is in a private location within easy walking distance of the popular village of Greystoke.
The site has excellent additional access to Penrith, Keswick and other sough-after tourist destinations across the central Lakes.
Glenn Howard, of H&H Land & Estates, said: “This past year we have seen an unparalleled shift in housing situations and attitudes, with buyers revaluating their lifestyle choices and priorities.
“According to Hamptons, over 70,000 Londoners have bought homes outside the capital over the past year.
“This property offers a new job opportunity that you may never have considered before, with incredible income-generating potential and the chance for space, scenery and a new work-life-balance.”
Currently, the property is comprised of one short-term residential letting, two luxury holiday cottages and two further homes occupied by the owners, though all properties have holiday let potential.
Forming a horseshoe around a shared courtyard, in total the property includes 12 bedrooms, nine bathrooms and nine reception rooms.
Glenn added: “Aside from the fact that the modern buildings are all in beautiful condition with bright, spacious interiors, Red Barn Farm is in a very popular area, renowned for tourism.
“It offers plenty of opportunities to further expand the enterprise, following relevant planning permissions being sought.
“For instance, the level nature of the site lends itself perfectly for glamping accommodation. Given the rise in domestic tourism and staycations over the past year, this is proving an increasingly prosperous tourism industry in this part of the world.
“Following consultations with leading holiday lettings businesses, it has been indicated that Red Barn Farm offers a possible income of around £100,000 per annum. Even over the past year’s economic challenges, one of the cottages has shown an encouraging turnover, demonstrating the scope this property offers.”