Caravan Park Deals Update
With strong market conditions and growing demand for caravan and holiday parks across the UK our specialist leisure and caravan parks division have been incredibly active over the past couple of months.
In North Yorkshire we sold an impressive static holiday and residential park extending across 26.5 acres with river frontage. The park, located on the edge of the Yorkshire Dales National Park had a license for 185 static caravans, 17 residential park homes. Following a number of very competitive bids we achieved a confidential sale price well in excess of guide price.
We have also recently completed the sale of a very profitable caravan park set within 12 acres around a fishing lake. The park, also in North Yorkshire, comprised static and touring caravans, a substantial lakeside club and restaurant, modern shop, indoor swimming pool and a large owners bedroom with stunning views out over the lake.
On behalf of North East Lincolnshire Council we have recently completed the sale of the long leasehold interest in the Humberston Fitties, Cleethorpes to Tingdene Holiday Parks. It comprises a coastal chalet park with 320 plots with direct access to the beach and dunes. With a guide price of £1.5M the property generated a strong level of interest resulting in a sale well in excess of the guide price.
In the South West we are continuing to see incredibly high levels of demand with the region being one of the UK’s most popular holiday and visitor destinations.
We have recently completed on a good number of sales in Devon & Cornwall in the last six months, one being the sale of a large mixed holiday park in a coastal setting with significant development potential, the park was sold confidentially with a guide price of £2,950,000. We have also sold a rural static caravan park to an existing holiday park owner, the park included an owner’s cottage and a lucrative sales businesses and was marketed with a guide price of £925,000. A further sale in South Devon completed in September off a guide price of £2,400,000.
In Somerset, deals have included the sale of a mixed holiday park to an existing holiday park owner marketed off a guide price of £975,000. In South Wales, deals have included the sale of a holiday chalet Park to a new entry to the holiday market off a guide of £1,100,000.
On the back of a very successful year of sales, our team continues to see demand outstripping supply with a number of well-funded and active applicants seeking new opportunities.
Please contact the team on the phone numbers below for a market appraisal in complete confidence.
Southern Office – 01884 256 741
Northern Office - 01347 822 005