Global Edition

 

Two 9-hole courses available through FPDSavills

3.00pm 8th July 2004 - Property

The Oxford office of the international property consultants is offering leasehold interests at both Farnham Park Par 3 Golf Course in Surrey and Loughton Golf Course in Essex

Farnham Park Par 3 Golf Course is situated in approximately 15.58 acres, close to Farnham Castle within the boundaries of Farnham Park. The course, designed by Henry Cotton, opened in 1966 and extends to 1,163 yards, a par 27 with a clubhouse, putting green and greenkeeping facilities.
The clubhouse is a single storey brick built building with a slate roof extending to 1,600 square feet with outside timber decking and views over the course. It includes a bar and lounge area for approximately 35 covers, a pro shop and office.
The leasehold interest of the property is available. It is currently held on a 28-year lease granted by Waverley Borough Council in 1983. An extension of 21 years to the lease will be granted, subject to the necessary notices being served.
The business is open for trading on a membership/season ticket holder and pay and play basis throughout the year. The guide price for the property is in the region of £340,000.
Loughton Golf Course, Essex is an established 9 hole, par 33 golf course with a clubhouse and greenkeeper’s facilities. The course extends to 2,326 yards and is situated in approximately 29 acres of attractive undulating land, ideally situated in a prime residential area adjoining Epping Forest. It is 12 miles from central London and close to both the M25 and M11 motorways.
The leasehold interest of the property is for sale. The lease was granted for a term commencing in September 1998, which expires 25th September 2008. Whilst the lease is not excluded from the lease renewal provisions of the Landlord and Tenant Act 1954, the landlord – the Corporation of London – has in any event confirmed that the grant of a new lease is acceptable in principle. The current annual rental of £7,500 is due for review at the end of 2005.
There are six par 4 holes and three par 3‘s. Each hole has both grass tees and permanent tee mats to allow year round use. The greens are served by an automatic irrigation system with manual watering points for tees.
The clubhouse is a portable timber building extending to 1,767 square feet and includes a licensed bar area, office and pro-shop/reception room as well as changing facilities. Further land adjoining the golf course, in separate ownership and used in the past as a practice area, may be available by separate negotiation.
The golf business is primarily operated on a pay and play basis and the turnover in the year ended 31st March 2004 is estimated to have been £97,000.
The guide price is in the region of £325,000.
Further information is available from Nick Freeston or Ian Simpson at FPDSavills in Oxford 01865 269000
FPDSavills www.fpdsavills.co.uk

       

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