Writing in his company’s latest review Tom Marriott, director of HMH Golf and Leisure, says that nearly £60m worth of golf courses were sold in 2007. These included Pine Ridge Golf Course in Surrey which sold for £7m and Hurlston Hall in Lancashire for £3.75m. Additionally there were approximately 5 courses which were let.
“We are finding that the market remains active and strong for well located and commercially operated complexes,” he says. “Even in the current economic climate there are a number of new buyers and companies emerging – thus demonstrating the strength of the market.
“In times of uncertainty it is always prudent to turn to those with a proven track record. In 2007 HMH was involved in more golf property transactions than any other agent. In terms of value we handled close to £50m of sales and acquisitions.
“HMH provided valuation advice for funding in respect of the sale of the Aphrodite Hills Golf Resort in Cyprus – which includes an 18 hole golf course by Cabell Robinson, a 290 bedroom hotel managed by Intercontinental and a state of the art health and fitness spa – and we were commissioned by the Scottish Assembly and Trump International Golf to prepare a report looking into the demand for an international golf resort on spectacular links land just north of the city of Aberdeen.”
HMH Golf and Leisure www.hmhgolfandleisure.com