Nigel Mansell course one of several sold in recent weeks

Alistair Dunsmuir
By Alistair Dunsmuir November 21, 2016 12:50

The golf club created by former Formula 1 world champion Nigel Mansell has been sold for a reported figure of £11 million.

Woodbury Park Hotel and Golf Club in Devon had been on the market for several months, and has been snapped up by golf club operator the Club Company. It had a guide price of £11.75m and signals one of at least four sales in recent weeks.

Savills sold the four-AA-star, 56-bedroom country house hotel and spa on behalf of Sue and Robin Hawkins, who bought it for an estimated £18 million from Mansell, who owned the hotel between 1994 and 2007.

Explaining

Nigel Mansell

The Club Company owns and operates 12 country clubs in England, including Benton Hall near Witham in Essex, Chartham Park in East Grinstead, West Sussex, and Castle Royle near Reading, Berkshire.

The hotel is set in 248 acres and has two golf courses and a leisure club, including a gym with fitness and dance studios, pool and sauna facilities and six treatment rooms. There are also five self-catering lodges, two restaurants, football pitches and tennis courts.

Piperdam Golf and Leisure Resort in Dundee has also been sold. It offers 77 high quality holiday lodges, 27 holes of championship golf and a wedding and conference venue. It has been acquired by Coppergreen Developments, a UK holiday park operator, which has secured a £25 million funding package from Business Growth Fund, the long-term equity investment company backed by five of the UK’s main banking groups to support the acquisition. The funding package will support the addition of 28 lodges and also the further provision of outdoor pursuits including mountain bike trails and quad biking.

piperdam-arial-view

Piperdam

Meanwhile, Chart Hills Golf Club in Kent, which was designed by Sir Nick Faldo, has been sold after going on the market for £2.75 million.

chart-hills

Chart Hills GC

The club, which charges £2,268 for an annual membership, has been a European Tour Qualifying school and also hosted the Ladies European Tour and the Ladies English Open Championship.

And Huntswood Golf Club in Buckinghamshire has been sold to a private leisure operator from a guide price of £1.75 million.

Originally Huntswood opened as a nine hole course in 1996 and was later extended in 2002. The freehold interest that was acquired includes the original golf course, clubhouse, car park and woodland areas. The area comprising the additional nine holes is held under a 21-year ground lease expiring in 2024.

Huntswood currently operates as a proprietary members’ club, with a core group of members and further income is generated from green fee usage, and use as a venue for weddings and other functions.

Ian Simpson, director of leisure and trading at Savills, comments: “The sale of Huntswood Golf Club close to its guide price demonstrates the continued demand for well located golf course assets, especially in the Home Counties.”

 

Alistair Dunsmuir
By Alistair Dunsmuir November 21, 2016 12:50
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

Your e-mail address will not be published.
Required fields are marked*

Join Our Mailing List


Read the latest issues

Advertise With Us

To advertise in the magazine or online, contact:

Email marketing@thegolfbusiness.co.uk

Social media