Our Restructuring and Recovery team have been appointed to market the balance of a purpose-built holiday village in Westward Ho!, a seaside village near Bideford, North Devon.
We are instructed by the Joint Administrators of Green Parks (Holdings) Limited to offer for sale the part completed development in a desirable seaside village location.
The opportunity is to complete 52 two, three and four bed (including duplex) apartments in two accommodation blocks together with a proposed leisure block which, when complete, will form part of the larger development comprising 164 apartments in total.
Neil Bestwick, Partner in our Leeds office who is leading the instruction in conjunction with Lee Southan, from our Exeter office and Mark Sheridan from our Bristol office, commented “This provides an excellent opportunity for a purchaser with the necessary expertise and track record in large scale development projects to move Westbeach Resort forward to completion. The potential also exists for a purchaser to work alongside investors in the completion of apartments in other blocks”.
Serious expressions of interest / offers (and relevant credentials) are invited by Thursday 7th November 2019.