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Gatton Manor sells above asking price

8.23am 3rd October 2011 - Property - This story was updated on Saturday, October 8th, 2011

Gatton Manor view from Hole 1

Gatton Manor Hotel and Golf Club in Surrey has been sold for more than its £3.5million asking price, after just four months on the market.

Gatton Manor, home of the PGA Surrey Open Championship 2010-2012, is situated between the picturesque Surrey villages of Ockley, Walliswood and Forest Green and just 10 miles from Dorking, in prime Surrey countryside.

The sale, achieved by joint agents Savills and HMH Golf and Leisure, consisted of an 18 hole golf course, 18 bedroom hotel and a valuable planning consent for additional bedrooms, all set in 166 acres of freehold land. During the sale period over 100 enquiries and 18 viewings were generated.

Kay Griffiths, from Savills Leisure team comments, “Gatton Manor is one of the South East’s finest golf courses located in a beautiful parkland setting.  We had anticipated strong interest from a wide range of prospective purchasers and were delighted with the number of viewings and price achieved for the vendor.”

Tom Marriott at HMH adds, “Gatton Manor has been dramatically improved over the last few years and the business showed good profits and potential for further growth – the site had the added attraction of some useful planning consents and there is no doubt that this was what drove the high level of interest. Typically profitable asset backed businesses continue to attract strong interest in a time of uncertainty. We are finding that there is no shortage of cash buyers for assets of this quality.”

Savills www.savills.com

H.M.H Golf and Leisure www.hmhgolfandleisure.com

Gatton Manor Hotel and Golf Club www.gattonmanor.co.uk

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