A golf course investment in Hampshire has come onto the market following the demise of the head lessee.
Property consultant Savills has been instructed to sell the long leasehold in Sherfield Oaks Golf Club, near Hook, on behalf of the administrators, KPMG.
Although Luddington Investments Limited was placed in administration last October, the sub-lessee running the Club, Buckfield Park Limited, is unaffected and continues to trade successfully.
The leasehold is to be sold with the sub-lessee in occupation. Buckfield Park is a subsidiary of Crown Golf, the largest UK operator in the sector with 31 golf and leisure facilities around the country.
Sherfield Oaks comprises two 18 hole courses and a modern clubhouse set in around 335 acres of landscaped parkland and woodland. The 99-year lease has 89 years to run and is on the market at a guide of £2.5m.
Paul Barrasford of Savills, who is handling the sale, said: “This is an exciting and rare opportunity to invest in a club which is run by a specialist and very experienced operator. With an annual rental income of £374,000 until 2020, the yield is exceptional and we are anticipating a high level of interest from potential buyers.”
For further information contact Paul Barrasford, Savills Oxford on 01865 269112.
Savills www.savills.co.uk/golf
Sherfield Oaks Golf Club www.sherfieldoaksgolf.co.uk