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Sivarajah✦Bartlett
Property Group
Refurbishment of previously converted Clay Dry Building converted into 7 Holiday Units
The West Dry, Carbis Wharf, Carbis, Roche, St. Austell, Cornwall, PL26 8LA
The Location
Set in rural Cornwall between St Austell and Bodmin, The Westdry offers a peaceful, countryside retreat within reach of major Cornish attractions. Located near the Eden Project and with access to both A30 and A391, this site is ideal for holiday accommodation, providing a balance of seclusion and accessibility in the Cornish heartland.
The Strategy
Refurbish, Refinance and Retain as Serviced Accommodation
Financials
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Purchase Cost: £900,000
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Conversion & Professional
Fees: £300,000 -
Total Costs: £1,200,000
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GDV: £1,700,000
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Profit: £500,000
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Profit on GDV%: 29.41
Current Status
Completed
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