Lexden Wood GC is up for sale for £895,000

Alistair Dunsmuir
By Alistair Dunsmuir September 12, 2011 15:18

Lexden Wood GC is up for sale for £895,000

Lexden Wood Golf Centre in Colchester, which was placed into administration in May, is up for sale at a guide price of £895,000.

The club, which features  an 18-hole golf course that was redesigned four years ago, a nine-hole pitch and putt facility, a purpose-built clubhouse, a floodlit golf driving range and a large golf equipment shop that is let to American Golf, covers 113 acres and has 700 members.

Kay Griffiths, from Savills Leisure, which is marketing the club, said: “The excellent access, and commitment from a leading retailer, make Lexden Wood an attractive golf business and investment opportunity. The ground floor of the clubhouse is currently let to American Golf, with a further 13 years remaining on the lease, providing a secure rental income.

“And the clubhouse’s bar and lounge can accommodate 50 guests and a large semi-permanent marquee which adjoins it provides an events’ venue for up to 150 additional people.”

Darren Wilson and Phil Armstrong from FRP Advisory LLP were appointed as joint administrators of the club in May, and stated that its problems had arisen due to  “tough trading conditions and a very poor winter”.

Alistair Dunsmuir
By Alistair Dunsmuir September 12, 2011 15:18
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