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, 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.”
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