Global Edition

 

Sweetwoods Park Golf Club sells for £3.5m

12.25am 5th June 2008 - Property

HMH Golf & Leisure has announced the sale of Sweetwoods Park Golf Club in Kent. The property included the 18 hole, par 72 golf course, 250 yard driving range, clubhouse with adjacent stone barn and a 6 bedroom 16th century farmhouse. In all the freehold extends to 185 acres.

Sweetwoods Park Golf Course was created in 1992. The Club, which has been operational since 1994, has more than 600 members and lies in an affluent area to the east of East Grinstead. Turnover of the business in 2007 was in excess of £850,000.

The guide price was £4m, which attracted several viewings, some three or four of which were followed offers. In the end the property was sold for £3.5m to Mr. Martin Long, the founder of the Churchill Insurance Group.

It is understood that Mr. Long intends the Club to be run as a family business and no major changes to the operations are expected.

Tom Marriott of HMH Golf & Leisure said that this sale proves that even in the present economic climate sales are still achievable, although buyers may have become more cautious and on the look out for a bargain. “This sale shows,” he said “that sensible prices will still find a buyer.”

Sweetwoods Park Golf Club www.sweetwoodspark.com
HMH Golf & Leisure www.hmhgolfandleisure.com

       

You can see the latest news letter here.

Follow us on Twitter and LinkedIn.            

Use the buttons above to control the search results you want.

Prefixing a search term with a hyphen will exclude results matching that term.
For example 'green -greenkeeper' will return results containing 'green' but not 'greenkeeper'.