The specialist caravan and holiday park team at Sanderson Weatherall has successfully completed a trio of deals since the Coronavirus lockdown came into effect, demonstrating that demand across the sector continues un-abated.
Following our multi million pound sale of Dunton Park last year, which provided over 173 mobile homes and had potential for further homes to be developed on a caravan storage area, we have recently completed the confidential sale of another large mobile home park close to the M25.
Occupying an outstanding location in the village of Winkfield, only a stone’s throw from Windsor Great Park, we have just transacted the confidential sale of Cranbourne Hall Park. The park provides some 240 mobile home pitches on a site extending to around 19 acres and has been in the same family ownership since its inception in the 1940’s.
A discreet and confidential marketing initiative saw a small number of both existing and newer players in the marketplace being approached towards the turn of the year leading to a competitive bidding process. The multi-million pound deal that was negotiated was successfully completed just ahead of the Bank Holiday VE day celebrations with the park being purchased by established operators, Wyldecrest Parks.
Acting on behalf of Executors, we have completed the sale of a traditional static and touring caravan holiday park located some 3 miles outside the town of Criccieth.
The Llyn peninsula runs south-west from the Isle of Anglessey in North Wales to the Irish Sea and benefits from a superb coastline whilst also having long distance views over the Snowdonia National Park.
Presently closed by the Coronavirus lockdown, Tyddyn Cethin Caravan Park comprises a former farm site with consent for 55 static and 25 touring caravans to be sited and includes a former farmhouse. Whilst the park had been trading prior to the lockdown, it had very clear potential for further upgrading and improvement. Sanderson Weatherall successfully negotiated a deal with an established operator in the locality resulting in a simultaneous exchange of contracts and completion occurring a few days prior to the sale of Cranbourne Hall Park.
We’ve also completed a deal on a derelict 10 acre former industrial site on the Lincolnshire coast, fulfilling a trio of transactions across all sectors of the caravan park market.
Bowmans Business Park is located around one mile from Ingoldmells and four miles from Skegness on the ever-popular Lincolnshire Coast. In a sale on behalf of Fixed Charge receivers the site with consent for 100 holiday lodges to be sited, was snapped up immediately following the VE Day Bank Holiday weekend by a well-known entrepreneur with many years’ experience in the parks market.
Adam continued, “All three deals that have just been completed involve experienced operators who are having to cope with the day to day impact that Coronavirus is having on their businesses but they nevertheless recognise the value that parks offer and that opportunities arising in the sector must be seized.
“We are continuing to broker deals across the sector and are confident of being able to announce further successful deals in the coming weeks.”
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“The impact of the Coronavirus lockdown had certainly thrown up some challenges in getting the deal over the line but that an un-paralleled level of support from the vendors solicitors, IBB had helped ensure success.”