HLL Humberts Leisure, the property specialists to the golf and golf hotel industries, confirms the sale (in December 2007) of Studley Wood Golf Club, Oxfordshire. Offers in excess of £1.25 million were invited for the property, which has been sold to a private buyer who is looking to build a small portfolio of quality golf facilities.
Studley Wood Golf Club located close to Oxford (population 149,800) comprises a magnificent 18 hole 6,709 yard (par 73) Simon Gidman designed championship parkland golf course, a 15 bay golf driving range and golf practice facilities, together with a well appointed, two storey 829 sq m (8,925 sq ft) pavilion style clubhouse.
The Club has a genuine reputation as a high quality golf facility, which is reflected in the Club’s successful trading record, strong membership base and established society / function trade. The property is leasehold with a passing rent of £135,000 per annum.
The sale was handled by Ben Allen BSc (Hons) MRICS head of HLL’s golf agency team. Ben Allen said, “Studley Wood Golf Club is a fine golf business that attracted interest from a wide range of purchasers, including corporate operators and lifestyle buyers. The competitive bidding for the property confirms the market’s ongoing interest in the golf sector, which is being reflected in other sales that we are handling.”