Global Edition

 

Unique opportunity to own two freehold golf clubs

8.20am 25th June 2008 - Property

The two golf clubs are located in the West Midlands, just eight miles apart.

Swindon Golf Club, Dudley, was founded in 1974. It is a most attractive 6,121 yards, par 71 golf course with far reaching views. The recently refurbished clubhouse with terrace overlooks the 18th green. There is a two bedroom steward’s house nearby which offers development potential subject to planning.

In all the freehold property, which is about 10 miles from both Dudley and Bridgnorth extends to 75.68 hectares (187 acres). www.swindongolfclub.co.uk

Perton Park Golf Club, Wolverhampton, was founded in 1990. It is a well located meadowland 6,147 yards, par 71 golf course with excellent facilities contained in a recently refurbished clubhouse.

The property includes a two bedroom bungalow, driving range, two bowling greens and two tennis courts.

In all the freehold property, which is about 8 miles from the centre of Wolverhampton, extends to 64.75 hectares (160 acres) www.pertongolfclub.co.uk

The clubs have reciprocal arrangements and are able to communicate together using the clubminder software. HMH Golf & Leisure state that there are other managerial advantages as well. The two clubs are very different in design and maturity and as a result they compliment each other. There are a total of 1,256 members of all types.

Financially, the clubs are run as a single unit and the profit & loss account to the end of September 2007 shows a turnover of £1,043,068 and an estimated EBITDA* of £224,349. *Earnings Before Interest Tax & Depreciation

Offers are invited for the freehold. The preference is that the transaction will be by way of a share transfer rather than an asset sale. It is not intended to sell the clubs separately. HMH Golf & Leisure has suggested that an offer in excess of £3m will be required to purchase the combined business.

HMH Golf & Leisure www.hmhgolfandleisure.com

       

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