Sheerness Holiday Park in Kent has been sold by Colliers International on behalf of Park Holidays UK, one of the UK’s largest holiday park operators, for c. £4.5 million.
The freehold 32-acre caravan park, which is located at on the Isle of Sheppey, has been sold to Greenspace Holdings Ltd, whose other assets include mobile home parks in the south east. The park is permitted for 363 static caravan pitches, including a small ‘hire fleet’ and circa 54 touring caravan and camping pitches. On site facilities include a recently refurbished clubhouse with bar, restaurant and arcade, an indoor swimming pool and shop.
Park Holidays UK, backed my majority shareholder Graphite Capital, continues to operate the remaining portfolio of 24 holiday parks in the South and South-East of England.
One of the best-known parks in the area, the new owners will continue to develop the business which primarily attracts private caravan owners from Greater London with whom the island has traditionally always been popular as a holiday home destination.
Simon Bland, Associate Director at Colliers International, which advised Park Holidays UK, said: “We expect this deal to be one of the most significant transactions in the holiday park sector this year, especially given the excellent sale price was achieved ‘off-market’.”
Colliers International has also completed the off-market sale of the Four Horseshoes Park, in Graveney, Kent for approximately £1.2m. Colliers International acted on behalf of private owners, Fishing Temple Residential Homes Ltd. The property was acquired by Sandwich Leisure, operators of holiday caravan parks in Sandwich and near the East Kent International airport at Manston.Four Horseshoes Park is a residential mobile home park developed with 46 privately owned mobile homes for those in or contemplating retirement. Graveney is located between the market town of Faversham and fishing town, Whitstable on the east coast of Kent.
Simon Bland, continued, “There remains a healthy appetite for quality businesses of this type in the UK, but the resilient nature of income streams generated by holiday parks on the back of the ‘staycation’ effect we are experiencing, means a lack of supply for would-be buyers.”
Many caravan and holiday park operators reported reasonable trading last Summer, achieving at least 2011 levels, according to a Colliers International report on the market in January 2013. Colliers International forecasted that the caravan park sector is likely to see more activity in 2013 as the industry continues to present investment solace for lenders.