2016 | LEISURE PARKS ISSUE

PORTFOLIO 2016 | LEISURE PARKS ISSUE

PAGE 1

ARTICLE | PORTFOLIO 2013 | LEISURE PARKS

IN THIS ISSUE:DEALS UPDATE

OUR LATEST SECTOR RESEARCH FINDINGS

OUR NEWEST PROPERTIES FOR SALE

2 0 1 6 | L E I S U R E PA R K S I S S U E


PAGE 01

What a difference a year makes! We can at last move on from the plethora of defensive statements such as ‘cautious optimism’ ‘green shoots’ and ‘small steps forward’ and declare that the parks market is very much alive and kicking!

Welcome to our 2016 Leisure Parks Portfolio

The increased economic certainty combined with reverse inflation in certain areas has led to increasing consumer ‘wealth’ – whether actual or perceived – and confidence. This, coupled with the propensity of consumers to commit holiday spend and/or holiday home investment to UK shores has led to holiday and home parks providing the foundation for a sustainable (and interesting) trading platform.

Given the improved general market conditions, the return of key lenders and indeed the interest of new investors into this ‘alternative’ sector, market activity has significantly increased. To say we have been busy is an understatement:

n In the last 2 years we have valued 242 holiday and home parks with an aggregate value of over £1bn

n We continue to sell a park every 3 weeks on behalf of our clients, with park sale prices being the highest for many years

n Our average transaction size has doubled from the previous year, demonstrating that there is a strong appetite for mid-range to large parks

We are a committed team who strive to offer our clients the best service, best advice and ultimately help them achieve the optimum result. Our provision of valuation and agency services continues to increase year on year, meaning our knowledge and experience of this sector is ever evolving. We are presently providing agency services for around 50 parks, we are on every major bank’s valuation panel, and issue around 3 park valuations every week of the year.

We are busy but, as the famous business adage goes: if you want something doing properly, ask a busy person!

RICHARD MOSS MRICSHEAD OF UK PARKS AGENCY

SOME SAY IT…

EXPERIENCEPark Holidays UK | Maryport Caravan Park | The Chantry | Stanhope Burn Caravan Park | Windsor and Seahaven Holiday and Residential Parks | Badwell Ash Holiday Lodges | Kirkaldy Caravan Centre | Seaton Estate | Great Heywood Marina | Leonard Curtis Corporate Restructuring | Westholme Park | Willow Garth | KPMG | Oakwood Theme Park | Monk Park | Galloway Point Caravan Park | Lower Deeside | Lloyds Banking Group | Cragielands Country Park | Oaklands Caravan Park | Duncannon Caravan Site | Carlton Manor | Windermere Aquatic Ltd | Westfield Park Home Estate | Guildford Golf Club | Sunkist Caravan Park | Mount Pleasant Caravan Park | Cloughy Caravan Park |

Achindarroch Touring Park | Northumberland County Council | South Shore Chalet Park | The Crown Estate | Pentire Haven | Upper Carr Chalet and Touring Park | North Dales Leisure Parks | Yorkshire Bank | The Three Horseshoes Caravan Park | Park Leisure 2000 | Noss Quay Marina | Rob Roy Caravan Park | The Hawthorn Holiday Park | Honeycott Caravan Park | Clydesdale Bank | Swaleside Holiday Park | Royal Bank of Scotland | Sand Le Mere Holiday Park | Linburn Caravan Park | Barclays Bank Plc | Ballantrae Caravan Park | Chirk Golf Club | Ribby Hall | Deloitte | Hummerbeck Park | The Environment Agency | Paradise Lakeside Lodges | Denton Golf Club | Swindon Borough Council | Goonhavern |

Altamount Chalets | Birdland | Barnsoul Farm | Nether Craig Caravan Park | Thrums | Rosetta Holiday Park | NatWest | Meikle Richorn | Park Resorts | South Meadows Touring Park | Kinmell Hall | Hall Hills Park | Drumshademuir Caravan Park | The Conifers Lodge Park | HSBC | Turnberry Holiday Park | Maustin Park | Berwick Holiday Centre | Glendale Residential Park | Vicarage Fields Caravan Park | Zolfo Cooper | Bellingham Caravan and Camping Park | Cardiff Marine Group | Saul Junction Marina | Coastfields Leisure | Bluestone Holiday Village | Ballyhalbert Park Home Estate | PricewaterhouseCoopers |

…WE HAVE IT.

PORTFOLIO 2016 | LEISURE PARKS ISSUEPORTFOLIO 2016 | LEISURE PARKS ISSUE

PAGE 03PAGE 02

Principal contacts

EDINBURGH

LEEDS

BIRMINGHAM

BRISTOL

MANCHESTER

LONDON

BELFAST

This is a national specialist market – appoint a national, specialist agent.

This map shows the locations of parks we have worked with over the last 12 months alone.

This is a national specialist market – appoint a national, specialist agent.This map shows the locations of parks we have worked with over the last 12 months alone.

Trusted Expertise and Advice

In a market where confidentiality is essential, we have acted for and/or advised 80% of the largest UK Holiday Park Operators* over the last 3 years.* Based on 20 largest holiday park operators in terms of parks

owned and includes professional and agency work/deals.

Cardiff

Belfast

Edinburgh

London

RICHARD MOSSHEAD OF UK PARKS AGENCY LEEDS/EDINBURGH

[email protected] +44 (0)113 200 6910

JOHN RUSHBYHEAD OF UK PARKS VALUATIONBIRMINGHAM/LONDON

[email protected] +44 (0)121 265 7618

BEN JONES ASSOCIATE DIRECTORBRISTOL

[email protected] +44 (0)117 917 2032

ROBERT SMITHSONSURVEYORLEEDS/MANCHESTER

[email protected] +44 (0)113 200 1876

AMY BROOKSBANKSURVEYORBRISTOL

[email protected] +44 (0)117 917 2042

GEORGINA CANKTEAM ADMINISTRATOR

[email protected] +44 (0)113 200 6914

BELFAST13 Waring Street Belfast | BT1 2DXTEL +44 (0)28 9024 1500

MANCHESTERChancery Place Brown Street Manchester | M2 2JTTEL +44 (0)161 831 3300

BRISTOLTempleback 10 Temple Back Bristol | BS1 6FLTEL +44 (0)117 917 2000

LEEDS1 Broad Gate The Headrow Leeds | LS1 8EQTEL +44 (0)113 200 1800

EDINBURGH1C Exchange Crescent Conference Square Edinburgh | EH3 8UL TEL +44 (0)131 240 7500

BIRMINGHAMEleven Brindleyplace 2 Brunswick Square Brindleyplace Birmingham | B1 2LPTEL +44 (0)121 265 7500

LONDON | WEST END50 George Street London | W1U 7GATEL +44 (0)20 7935 4499


PAGE 05PAGE 04

UK ParksDeals Update

SOLD

Eversleigh Woodland Lodges, KentA high quality holiday letting business with 8 self-catering units and extensive on-site facilities. Offers invited in the region of £835,000.

SOLD

Kenegie Manor Holiday Park, CornwallHoliday Park with 124 apartments, bungalows and cottages with clubhouse and pool. Guide price £1m.

SOLD

Gallaber Park, North Yorkshire

A substantial holiday park, extremely well developed with circa 160 pitches in a fantastic trading location. Guide Price £3m.

We have been busy...As the market heightens, here’s a selection of deals we have recently been involved with.

SOLD

Ravenglass Camping & Caravanning Park, Lake DistrictA picturesque touring and camping park with 75 touring and tent pitches and owner’s accommodation. Guide price £975,000.

SOLD

Croft Bank Holiday Park, LincolnshireAttractive Holiday Park close to the Lincolnshire coast with circa 160 pitches and other excellent facilities. Guide Price undisclosed.

Deals UpdateUK Parks

ACQUIRED

Plas Coch Holiday Homes, AngleseySole acquiring agent on Plas Coch – a 5 star, 320 pitch Holiday Park close to the beautiful Menai Strait. In the largest Welsh holiday park transaction for 4 years, Colliers acted for Park Leisure Ltd.

SOLD

Bittaford Wood, DevonMature, well laid out park home estate, developed with 54 park home pitches in a picturesque location. Sold on behalf of a national park home estate company to another large national operator.

ACQUIRED

Silver Sands Holiday Park, MorayshireActing for Bridge Leisure Parks Ltd, Colliers were the sole acquiring agent on this substantial coastal holiday park which has a site licence for in excess of 500 units, excellent facilities and additional development land.

UNDER OFFER

Eastern Beach Caravan Park, NorfolkWell-presented family owned static caravan park with 56 caravan pitches and 2 letting houses. Under offer off a guide price of £895,000.

UNDER OFFER

Walton Bay, SomersetExceptionally well presented park home estate developed with 31 pitches under offer off a guide price of £1.5m.

SOLD

Seaview Holiday Village, CornwallSold on behalf of a private company vendor, this luxury holiday lettings business included refurbished leisure facilities and substantial expansion potential. The park has been sold to an expanding UK parks operator following a large amount of interested parties from a range of backgrounds.


PAGE 7PAGE 6

We valuedWe valued

We sellWe sell

VALUATION INSTRUCTIONSASSET RANGE

PARKS VALUED

ASSETS

£4.4m

242parks and leisure properties

over the last 2 years

Aggregate value of £1bn assets valued £1bn

9%

12%12%

7%

20%

21% 11% 8%

SPLIT OF TRANSACTION ACTIVITY

Did you know?

We know active buyers. To sell your business, contact us now.

SOLD

Cartref Caravan & Camping Park, ShropshireAn established and picturesque touring and camping park developed with around 45 touring pitches and well-appointed owner’s accommodation; sold on behalf of private clients.

SOLD

Troutbeck Camping & Caravanning Park, Lake District 5 star touring and camping park with 20 static caravan pitches, an owner’s lodge and hire fleet caravan. Under Offer off a guide price of £1.1m.

SOLD

Lagnakeil Highland Lodges, ObanHigh quality holiday letting business set a in scenic hillside location with 17 high specification lodges and owner’s accommodation. Guide Price £1.25m.

SOLD

Cosways Holiday Park, EssexSubstantial family holiday park developed with 200 static pitches and a range of on-site facilities.Guide price undisclosed.

SOLD | Clougher Valley Country Caravan Park, County TyroneOn behalf of a private client, this well-established 5* caravan park was sold to a local purchaser. The park is only an hours’ drive from Belfast and benefits from a 12 month licence.

SOLD

Ancarraig Lodges, Inverness-shireHoliday lodge park located in an attractive hillside position developed with 12 letting lodges. Fixed guide price £450,000.


UNDER OFFER

Plough Leisure Caravan & Touring Park, KentLong established holiday park developed with 76 static caravans and licenced for 30 touring caravans/tents. Under offer after inviting offers in the region of £1.4m.

PORTFOLIO 2016 | LEISURE PARKS ISSUEPORTFOLIO 2016 | LEISURE PARKS ISSUE

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2016Market insight

PROPERTY MARKET REVIEW

In 2015 we saw the merger of Park Resorts and Parkdean, which completed in October in a deal reported to be worth circa £1bn. The merger has created Britain’s biggest holiday park operator, with 73 sites across the country.

At a corporate level, 2015 witnessed a sharp upturn in activity with three other major group transactions, including Phoenix Equity Partners’ purchase of the majority shareholding in Bridge Leisure, LDC’s purchase of the majority shareholding in Away Resorts from Close Brothers Private Equity and the sale by Blackstone of the UK Center Parcs business to Brookfield Property Partners.

Within the private and Small and Medium Enterprise (SME) market, transactional activity has increased following a notable improvement in sentiment at the start of 2015. An easing of lending constraints and higher loan to value ratios (LTVs) have provided a stimulus.

KEY PERFORMANCE INDICATORS

With increased activity from lenders and new entrants, the correct professional advice is more important than ever. We don’t just know the market, we understand the business as well. During the last 24 months Colliers International has valued 242 caravan parks with an aggregate value of over £1bn. In doing so, and with the benefit of 60 years sector experience, we have amassed a comprehensive library of operational intelligence which is used confidentially in the trading analysis that underpins our valuations.

The Key Performance Indicators (shown in the infographic opposite) relate to holiday parks that we have valued during the last 24 months, all with over 100 static caravan pitches and which trade predominantly on a holiday home ownership operating model.

2016 INSIGHT

We expect the transactional momentum generated in 2015 to carry forward into 2016. We are aware of a number of private equity houses that are looking to acquire; a direct result of yield compression within the conventional property markets and the associated drive towards alternative sectors. Transactional activity within the SME segment will continue to be sustained by pro-active lenders. The following are our expectations of some of the key trends for 2016:

n Values will continue to be increasingly driven by trading performance. One of the key downside risks to trading performance is the introduction of the new minimum wage in April 2016.

n More positively, the strengthening economy and higher house prices are stimulating consumer confidence and expenditure on ‘big ticket’ items. Real wage growth and reduced savings rates are increasing the level of discretionary spend.

n Low oil prices should further stimulate discretionary spend and low fuel prices will encourage holidaymakers to travel further.

n We should not forget that the inevitable heightened border security and general awareness following recent events overseas will likely lead to an increase in home based holidays in 2016. n

HILO

54% 81%62%AVERAGE

GROSS MARGIN (OVERALL)

AS MUCH AS

OF TURNOVER DERIVED FROM CARAVAN SALES73%

AVERAGE GROSS PROFIT FROM CARAVAN SALES

£4,800£9,590

£13,121

AVERAGE GROSS MARGIN FROM CARAVAN SALES

HIGH53%45% LOW

36%

HIGH INCOME FROM CARAVAN SALES REQUIRES A PRO-ACTIVE SALES STRATEGY WITH HIGHLY FOCUSSED AND INCENTIVISED STAFF

£6,616£1,310 £4,307

GROSS PROFIT PER PITCH

TURNOVER PER PITCH

£6,658AVERAGE

£12,193HIGH• Exclusively static vans• Excellent facilities &

strong management team• Strong location

LOW £1,951• High proportion of

touring vans• Lacking facilities• Secondary location

AVERAGE EBITDA AS A % OF TURNOVER (BUT CAN BE ABOVE 50% WHEN PARKS HAVE A HIGH RATIO OF PRIVATE OWNERS)

HIGH

LOW8%34%

CHURN OF CARAVANS 29%

• HIGH QUALITY PARKS• PRIME LOCATION• EXTENSIVE FACILITIES

• BUDGET PARKS• SECONDARY LOCATION• LIMITED FACILITIES

AVERAGE NET PITCH FEE £2,543

£4,243 £1,618

£21,481 HIGH £35,706

LOW £12,000

KEY PERFORMANCE INDICATORS

£3,348HIGHEST EBITDA PER PITCH• CORPORATELY RUN • EXTENSIVE FACILITIES

AVERAGE CARAVAN SELLING PRICE

PAGE 11

LEEDS 0113 200 6911 | LONDON 020 7344 6742 | EDINBURGH 0131 240 7572 | BRISTOL 0117 917 2000

PAGE 10

SCOTTISH BORDERS

Extending to approximately 11.4 acres (4.6 ha) with a Certificate of lawful use for caravan site use for the entire property

n Site Licence for 130 caravansn Developed with 85 static pitches, 56 touring/tent pitches,

2 camping pods and a tent fieldn Includes two detached houses and a successful touring

caravan dealership and repair centren EPC Rating = A–G

GUIDE PRICE £1.5M F/H

Established mixed residential and holiday park in a beautiful riverside location

n Developed with 55 residential pitches, 27 static caravan pitches, 36 touring caravan pitches and a twin park home unit for owner’s accommodation

n Site Licence for 65 residential, 50 holiday static and 75 tourers per hectare

n Thoughtfully landscaped park over circa 12.8 acres with significant development potential

n EPC Rating = N/A

GUIDE PRICE £1.95M F/HNEW INSTRUCTION

FOR SALE

NEW PRICE

REF: 22736 Edinburgh

Holiday park development opportunity located in the beautiful North Wales countryside

n Planning permission for 28 touring caravan pitches and 6 chalets

n Extending to approximately 1.8 hectares (4.5 acres)

n Potential for a large owner’s housen EPC Rating = N/A


REF: 23504 Bristol

LANARKSHIRE DENBIGHSHIRE


The following pages show a selection of our latest additions to the market throughout the UK. For further details on any property or to arrange a viewing, please call your nearest regional office quoting the property reference number.

On themarket

SCOTTISH BORDERS

Extending to approximately 11.4 acres (4.6 ha) with a Certificate of Lawful Use for caravan site use for the entire property

n Site Licence for 130 caravansn Developed with 85 static pitches, 56 touring pitches,

2 camping pods and a tent fieldn Includes two detached houses and a successful touring

caravan dealership and repair centren EPC Rating = A–G


Established mixed residential and holiday park in a beautiful riverside location

n Developed with 55 residential pitches, 27 static caravan pitches, 36 touring caravan pitches and a twin park home unit for owner’s accommodation

n Site Licence for 65 residential, 50 holiday static and 75 tourers per hectare

n Thoughtfully landscaped park over circa 12.8 acres with significant development potential

n EPC Rating = N/A


Register to receive information from us:Throughout the year we provide insights into the market, news articles, advice for buyers and sellers and, of course, our properties for sale; all free of charge to those registered on our database.

If you would like to receive any of these publications, please register your interest and any requirements you may have by passing on your name, address and email address to Georgina Cank, either by calling 0113 200 6914 or emailing [email protected].

sold

Eversleigh Woodland Lodges, KentA high quality holiday letting business with 8 self-catering units and extensive on-site facilities. Offers invited in the region of £835,000.

sold

Ravenglass Camping & Caravanning Park, Lake DistrictA picturesque touring and camping park with 75 touring and tent pitches and owner’s accommodation. Guide price £975,000.

sold

Kenegie Manor Holiday Park, CornwallHoliday Park with 124 apartments, bungalows and cottages with clubhouse and pool. Guide price £1.0m.

sold

Gallaber Park, North Yorkshire

A substantial holiday park, extremely well developed with circa 160 pitches in a fantastic trading location. Guide Price £3m.

We have been busy...As the market heightens, here’s a selection of those parks we have placed under offer and sold recently.

COLLIERS INTERNATIONAL

UK Parks Deals Update

sold

Croft Bank Holiday Park, LincolnshireAttractive Holiday Park close to the Lincolnshire coast with circa 160 pitches and other excellent facilities. Guide Price undisclosed.

BH

&HP

A 2016 CONFERENCE EDITION

BH

&HPA 2016 CONFERENCE E

DITI

ON

PAGE 10


Holiday park development opportunity located in the beautiful North Wales countryside

n Planning permission for 28 touring caravan pitches and 6 chalets

n Extending to approximately 4.5 acresn Potential for a large owner’s housen EPC Rating = N/A

GUIDE PRICE £600,000 F/H

REF: 23504 Bristol

LANARKSHIRE DENBIGHSHIRE


NEW PRICE

FOR SALE

NEW INSTRUCTION

PROPERTIES FOR SALE | PORTFOLIO 2016 | LEISURE PARKS ISSUE

POLPERRO | LOOE | CORNWALL | PL13 2JE | SEAVIEW HOLIDAY VILLAGE

SeaviewHOLIDAY VILLAGE

POLPERRO | LOOE | CORNWALL | PL13 2JE

CARAVAN PARKS MARKET INSIGHT | 2016

2016 INSIGHTWe expect the transactional momentum generated in 2015 to carry forward into 2016. We are aware of a number of private equity houses that are looking to acquire; a direct result of yield compression within the conventional property markets and the associated drive towards alternative sectors. Transactional activity within the SME segment will continue to be sustained by pro-active lenders. The following are our expectations of some of the key trends for 2016.

• Values will continue to be increasingly driven by trading performance.

• One of the key downside risks to trading performance is the introduction of the new minimum wage in April 2016.

• More positively, the strengthening economy and higher house prices are stimulating consumer confidence and expenditure on ‘big ticket’ items. Real wage growth and reduced savings rates are increasing the level of discretionary spend.

• Low oil prices should further stimulate discretionary spend and low fuel prices will encourage holidaymakers to travel further.

• We should not forget that the inevitable heightened border security and general awareness following recent events overseas will likely lead to an increase in home based holidays in 2016.

For further information please contact:

Richard MossHead of UK Parks AgencyDirect: +44 113 200 6910 [email protected]

John RushbyHead of Parks, Sports & Marinas Advisory and ProfessionalDirect: +44 121 265 7618 [email protected]

Ben JonesAssociate DirectorDirect: +44 117 917 [email protected]

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA. 16004

Colliers International | UK50 George Street London W1U 7GAcolliers.com/uk

PROPERTIES FOR SALE | PORTFOLIO 2016 | LEISURE PARKS ISSUE

PAGE 13PAGE 12

GLOUCESTERSHIRE

REF: 23470 Bristol REF: 23467 Edinburgh

Established 4 star mixed holiday park over around 8.7 acres

n Developed with 74 static caravan pitches, 16 touring pitches and 2 chalet/park home pitches; additional planning in place

n Includes 8 hire fleet caravans and a twin residential park home for owner’s accommodation

n Site Licence permitting 100 units for 11 month usen EPC Rating = N/A


AYRSHIRE

High quality Country Park extending to circa 33.4 acres

n Developed with 161 holiday units, providing a range of holiday accommodation

n Excellent leisure facilities provided including indoor heated swimming pool and pizzeria

n Highly profitable business with room for trading growth and development

n EPC Rating = F

GUIDE PRICE £6M F/H

CORNWALL

REF: 23560 Bristol

Holiday lodge park development opportunity located in a tranquil setting in the heart of the Royal Forest of Dean

n On the outskirts of the attractive market town of Coleford n Planning permission for the development of 22 timber holiday

lodges with potential for more (STPP)n Extending to approximately 4.4 acresn EPC Rating = N/A



Established Holiday Caravan Park extending to around 5.8 acres

n Developed with 44 touring caravans pitches and 6 holiday static pitches

n Includes a 4 bedroom owner’s detached housen Includes 3 hire fleet caravans and a tent area with

permission for 20 tentsn EPC Rating = F


COUNTY DURHAM

REF: 23446 Leeds

NEW INSTRUCTION

REF: 22762 Leeds

Established 18 hole golf club situated close to Leicester and the M1 motorway

n Includes a well presented 18 hole (par 73) golf course which hosted the Midland Open along with a 26 bay floodlit driving range

n Modern and well-presented clubhouse sitting within the total area of circa. 120 acres

n Established business with significant scope for growth in both business terms and land development with 6 acres of land available for alternative uses (STP)

n EPC = C


LEICESTERSHIRE

NEW PRICE

NEW INSTRUCTION

NEW INSTRUCTION

Excellently positioned development site

n Planning consent in place for development of a fishing lake, caravan sales ground, shop, café, playground and 2 holiday cottages

n Includes a well-developed 2 storey property currently generating rental income

n Site extends to circa 13.6 acresn EPC Rating = E

SUBSTANTIAL OFFERS INVITED F/H

LINCOLNSHIRE

REF: 23496 Leeds

NEW INSTRUCTION

NEW INSTRUCTION

PROPERTIES FOR SALE | PORTFOLIO 2016 | LEISURE PARKS ISSUELEEDS 0113 200 6911 | LONDON 020 7344 6742 | EDINBURGH 0131 240 7572 | BRISTOL 0117 917 2000

PAGE 15PAGE 14

REF: 22496 Leeds

Luxury lodge development in a popular tourist location

n Developed with c. 30 twin lodge pitchesn Extending to around 13 acresn Strong pitch fee income and popular hire fleetn EPC Rating = N/A


EAST YORKSHIRE


Attractive holiday lodge park in a pleasant village setting close to the Yorkshire coast

n Developed with c. 50 lodge pitchesn Extending to around 5.6 acresn Strong pitch fee income and popular hire fleetn EPC Rating = N/A

GUIDE PRICE - £1.2M F/H

REF: 22495 Leeds

Beautiful lodge park in a renowned holiday destination

n Developed with 16 high specification lodgesn Strong trading record with high occupancyn Extending to approximately 6 acres with planning permission for

2 further lodgesn EPC = N/A

GUIDE PRICE - £1.75M F/H

REF: 22692 Bristol

Fully developed holiday village in a great family holiday location near the highly popular resort of Newquay

n Developed with a total of 112 2 and 3 bedroom houses and bungalows (73 privately owned) over circa 9 acres

n Amenity building including large entertainment lounge, bar, shop, pool and arcade n Operated between March and November and owned by John Fowler Holidaysn EPC Rating = F

OFFERS INVITED IN THE REGION OF £1.5M F/H

CORNWALL

NORTH YORKSHIRE

INVERNESS-SHIRE

The following properties are offered for sale on behalf of Richmond Wight Estates:

The individual properties are summarised as follows:

PERTHSHIRE

MORAY

NEW INSTRUCTION

NEW INSTRUCTION

NEW PRICE

FOR SALE

NEW INSTRUCTION

NEW INSTRUCTION

Established holiday and residential lodge park in a popular tourist location

n Set within around 14.5 acres with permission for 12 months holiday or residential occupancy

n 38 private lodge pitches, 10 hire fleet pitches and 4 vacant pitches

n Development opportunitiesn EPC Rating = N/A

GUIDE PRICE £2.3M F/HFOR THE TOTAL ISSUED SHARE CAPITAL IN THE OWNING COMPANY

Residential and holiday park with potential for additional pitches and facilities

n 105 pitches (16 park home pitches, 43 residential mobile homes and 10 hire fleet with the remainder vacant)

n Central facilities complex and farmhouse – for letting or owner’s accommodation

n Site extends to 34.4 acres on the beautiful River Findhornn EPC Rating = TBC




RICHMOND WIGHT ESTATES

NEW INSTRUCTION

A group of profitable Scottish holiday and residential parks and a golf course, all with substantial development opportunities

n Portfolio offers over 350 developed pitchesn Planning consent for a further 267 plots taking the capacity

of the portfolio to in excess of 600n Includes various amenity/letting buildings including a 7 bedroom

grade B listed property, ideal for owner’s accommodation or lettingn Also available is a golf course development opportunity with

extensive planning opportunities


AVAILABLE AS A GROUP OR INDIVIDUALLY

Image of a local beach – not included in the sale.


PAGE 17


PAGE 16

MISREPRESENTATION CLAUSE: DISCLAIMER – SUBJECT TO CONTRACT

All information, analysis and recommendations made for clients by Colliers International are made in good faith and represent Colliers International’s professional judgement on the basis of information obtained from the client and elsewhere during the course of the assignment. However, since the achievement of recommendations, forecasts and valuations depends on factors outside Colliers International’s control, no statement made by Colliers International may be deemed in any circumstances to be a representation, undertaking or warranty, and Colliers International cannot accept any liability should such statements prove to be inaccurate or based on incorrect premises. In particular, and without limiting the generality of the foregoing, any projections, financial and otherwise, in this report are intended only to illustrate particular points of argument and do not constitute forecasts of actual performance. (March 2016).

Colliers International is the licensed trading name of Colliers International Property Advisors LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered address is at 50 George Street, London, W1U 7GA.

DUMFRIES & GALLOWAY

Also available is a 5th property which comprises an 18 hole championship golf course with newly constructed clubhouse and full detailed planning consent for a 150 bedroom hotel extending to around 14.1 acres of vacant land.

The property extends over around 199 acres (80 hectares) and is within an accessible location adjacent to the A702 main road only around 14 miles from Edinburgh city centre.

OFFERS OVER £1.5M F/H

Well located mixed property prime for redevelopment

n Includes a large B-listed residential property with 7 bedrooms and a 3 bedroom bungalow with outbuildings in the grounds

n Partially developed lodge park with capacity for 14 units and a former 24 pitch touring park and former services block

n Site extends to circa 8.2 acresn EPC Rating = TBC

GUIDE PRICE £1.3M F/HREF: 23553 Edinburgh


NEW INSTRUCTION

NEW INSTRUCTION

NEW INSTRUCTION Attractive mixed holiday caravan, touring and lodge park in accessible location

n A total of 127 holiday static pitches and 65 touring pitches with an area with lapsed planning consent for 74 loch-side pitches

n A well-developed bar/bistro, shop, sales office and amenity block

n Site extends to circa 51.6 acresn EPC Rating = G


DUMFRIES & GALLOWAY


SCOTTISH BORDERS


PAGE 18 PAGE X

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2016 | LEISURE PARKS ISSUE