Global Edition

HMH Sell A Further Two High Value Golf Clubs

3.46pm 22nd November 2019 - Property

HMH Golf & Leisure reports the sale of Lakeside Lodge Golf Centre, Cambridgeshire and Paultons Golf Centre, Hampshire

Lakeside Lodge Golf Centre (pictured above) is a highly profitable and diverse freehold leisure business in the prized Silicon Fen corridor with 18 holes, clubhouse, 64 en-suite rooms, lodges, health club and offices located on a site of approximately 150 acres. Turnover is £2.2m. The Guide Price was £5 million.

Tom Marriott at HMH commented: “The business generated substantial interest and the sale was concluded at the end of October. The attraction to the buyer, who is an existing operator, was the positive cashflow and the diverse nature of the business. The multiple income streams underpin the strength of the business, which offers further room for growth.”

 

Paultons Golf Centre

Paultons Golf Centre, Hampshire, is a freehold 27 hole golf centre on the edge of the New Forest National Park

The business is mature and profitable with an 18 hole main course, 9 hole academy course, 24 bay floodlit golf range, clubhouse and 50 acres of agricultural land. The guide price was confidential

Ben Allen at HMH commented: “Paultons is a commercially located business situated close to the M27 and Southampton. The golf centre and adjoining land were acquired by Stellar Asset Management, a specialist manager of investments providing inheritance tax relief.

Whist the current political and market conditions are undoubtedly testing, HMH has four further golf businesses under offer, clearly demonstrating the market’s ongoing appetite for niche alternative investments.”

Further information from Tom Marriott tom@hmhgolf.com or Ben Allen ben@hmhgolf.com

+44 (0) 207 491 1555; 17 Clifford Street, London W1S 3RQ

www.hmhgolfandleisure.com

       

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