Our specialist holiday and caravan park team sold Lizard Lane Caravan Park, a 5 acres well established mixed holiday caravan park located in South Shields.
The park occupies a beautiful seaside location with a spectacular position overlooking Marsden Bay, is licensed for over 100 caravans and was sold within three weeks of marketing commencing with a guide price of £1.35million.
Agent on the park, William Reynolds commented, “We are often asked how long a sale may take to complete. Unfortunately there is not a ‘one size fits all’ answer, as much of it depends on the complexity of the property.
“In our experience, the time taken between the date an offer is accepted and the date the sale completes is typically around 3-6 months, although we have had instances of sales taking up to 18months to complete.
Lizard Lane was an exception to this rule however, we commenced marketing the property at the end of November, had a sale agreed within 10 days, arranged a meeting with all parties and their advisors and successfully completed the sale within just three weeks of the property going on the market.”
If proof were needed that timescales do not have to be protracted, then this is it. If you are considering selling then please get in touch with our market leading team to arrange a park appraisal.