Global Edition

 

Savills achieves better than guide price for Mollington Grange

8.54am 10th February 2012 - Property

International real estate advisor Savills has represented joint LPA receivers, Mr Jonathan Pope and Mr Brian Green, from KPMG on the sale of Mollington Grange Golf Club, Chester to a golf operator for a price in excess of the £795,000 guide. The identity of the buyer is confidential.

The asset comprises a modern  9,687 sq ft (900 sq m) clubhouse, a 4,864 sq ft (451 sq m) greenkeepers building and an 18 hole, 6,611 yard par 73 golf course all set within an attractive position within the Chester Greenbelt.

Kay Griffiths, associate at Savills Oxford, comments: “Whilst there was interest in Mollington Grange for redevelopment into an alternative use, the golf club has been purchased by a golf operator who intends to continue the business. The facilities offer undoubted potential to deliver a commercial return, assisted by an attractive and accessible location. It was therefore no surprise that Mollington Grange experienced a strong level of interest from a variety of investors and secured a good price in the current market conditions.”

Mollington Grange Golf Club www.mollingtongolfclub.co.uk

Savills www.savills.co.uk

       

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