HLL Humberts Leisure, the property specialists to the golf and golf hotel industries, has been appointed by Struan Investments Limited to sell the freehold interests in Aston Wood Golf Course, a private members’ club located close to the prime residential area of Little Aston on Birmingham’s northern outskirts. Offers are invited for the property by 12 noon on Friday 11th April 2008.
Aston Wood Golf Course, Blake Street, Little Aston, Sutton Coldfield, B74 4EU comprises an 18 hole Peter Allis & Clive Clarke designed 6,457 yard (par 71) golf course (established in 1994), a c. 930 sq m (10,000 sq ft) clubhouse, practice facilities and greenkeeping complex.
The property is let to Aston Wood Golf Club 2000 Limited under the terms of a 99 year lease granted on 29th September 1994, who pay a rent of £183,000 p.a.. The rent is subject to three yearly reviews (next review 29.09.2009) to the higher of current rent increased by 2.5% per annum over each year of the review period or the Open Market Rental Value of the property.
The sale is being handled by Ben Allen at HLL Humberts Leisure who said, “This disposal represents a rare opportunity to acquire the freehold interest in one of the most prestigious golf clubs in the Midlands. Aston Wood Golf Club is an established business with a membership in excess of 800 and a hugely successful function trade, culminating in a Club turnover in excess of £1.75 million per annum.
“Whilst the property is classified as Green Belt it is considered to offer long term redevelopment potential. The Club’s location close to Little Aston, coupled with the redevelopment break clause in the lease, is bound to generate interest from property speculators. It will be fascinating to see who acquires this fine property.”
For further information on Aston Wood Golf Course or to request an informal tender pack contact: Ben Allen on 01962 835960 or firstname.lastname@example.org