Our specialist leisure team, Edwards & Partners, have completed the sale of Lido Leisure Park, one of the largest caravan parks in North Yorkshire.
The deal was struck when the park’s owners decided to retire from the business after 75 years at the park. Edwards and Partners, which deals exclusively with leisure property, offered the business and property for sale and successfully concluded a multi-million pound transaction.
William Reynolds, director at Edwards and Partners, said: “There was a great deal of interest in this site thanks to its excellent position and high commercial value. As specialists in this field we were ideally placed to identify parties for whom the business would be of interest and secure the deal, which was achieved by way of a sale of shares in a company.”
The business was bought by Frank Maguire, a successful entrepreneur who operates several other caravan parks in the North of England.
The purchaser plans to further invest in the park to create a 5 star holiday park with leisure facility.
Lido Leisure park is located in a stunning riverside setting within the Nidd Gorge on the outskirts of Knaresborough. The caravan park is a very desirable business, able to accommodate over 600 caravans with a mile of frontage to the River Nidd and also including a large part of Birkham Wood, a Site of Special Scientific Interest.
Edwards and Partners is a division of Sanderson Weatherall specialising in holiday caravan parks, chalet parks, holiday cottages, leisure complexes and park home estates. Edwards and Partners offers a range of services to both business operators and prospective purchasers, including sales, valuations, and design and development.