HLL Humberts Leisure, the property specialists to the golf and golf hotel industries, is instructed to market The Belmont Estate, Hereford. Offers in the region of £2.25 – £2.50 million are invited for the freehold property situated in a popular tourist area between Worcestershire and the Brecon Beacons.
The Belmont Estate, which is located on the edge of Hereford comprises: Belmont House (a five storey Grade II* Listed Building constructed by James Wyatt in 1788 and subsequently remodelled by Edward Pugin in 1867); Belmont Golf Course (an 18 hole 6,369 yard (par 72) parkland golf course); Belmont Lodge (a 30 bedroom hotel lodge constructed in 1987); a golf shop; and 1½miles of single bank salmon fishing on the River Wye.
Belmont Lodge & Golf trades as an established golf hotel that achieves a turnover of c. £1.1 million and enjoys high levels of repeat custom. The business mix is approximately 23% accommodation income; 25% golf income; 49% food and beverage income membership and 3% miscellaneous sales.
The business is ripe for further commercialisation and has a strong level of future bookings. Belmont House, the west wing of which is currently occupied as clubhouse facilities (with the remainder vacant), offers great potential for a range of alternative uses including hotel accommodation, residential apartments or offices (subject to the necessary consents).
The sale is being handled by HLL Humberts Leisure. Ben Allen, who is leading the sale, said, “The Belmont Estate is a magnificent property that will be of interest to lifestyle purchasers, existing golf hotel operators and property speculators. Our clients acquired the Estate in 1993 and now wish to focus on their other (non-leisure) business interests. It will be fascinating to see who acquires this historic property, and to watch the next chapter in the Estate’s history unfold.”
HLL Humberts Leisure www.humberts-leisure.com
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