Colliers International has completed the sale of Yew Tree Park, near Canterbury in Kent to the Darwin Leisure Property Fund, off a guide price of £1.175 million.

This purchase is the sixteenth caravan park acquisition for the fund, which is the only fund of it’s kind investing in the UK holiday park industry. The Darwin Leisure Property Fund has grown to around £261 million* and attracts both institutional and private investors.

Simon Bland, Associate Director, Colliers International comments: “The sale of Yew Tree Park is a characteristically creative acquisition for the Fund given, whilst they are currently seeking a number of new parks for the portfolio, it is smaller in size than they were originally targeting. However Yew Tree, offers the opportunity to develop a niche operation in a strong location and consequently a higher yield.

“This sale is noteworthy in the market as it is traditionally the type of park sold to private buyers as a lifestyle business and so again demonstrates Darwin’s vision and capability with the transaction completed in only six weeks from the sale being agreed. We look forward to the exciting prospects for the business going forward and our clients to an enjoyable retirement.”

Located in the pretty village of Petham in the Kent Downs AONB, the park is in an ideal location for a holiday business, being within only 15 minutes’ drive of the Channel Tunnel and less than five miles from the beautiful and historic cathedral city of Canterbury. The new owners are considering plans to redevelop the park in line with their other high quality holiday businesses; but will continue to operate Yew Tree in it’s current form for the time being.

Yew Tree Park was put on the market last year after its owners decided to sell the park after 22 years of ownership. The business currently has 55 touring pitches, 13 static caravans and a range of self-catering accommodation, along with a swimming pool and 4 bedroom house.

Simon Bland, Associate Director, Colliers International comments: “The sale of Yew Tree Park is a characteristically creative acquisition for the Fund given, whilst they are currently seeking a number of new parks for the portfolio, it is smaller in size than they were originally targeting. However Yew Tree, offers the opportunity to develop a niche operation in a strong location and consequently a higher yield.

“This sale is noteworthy in the market as it is traditionally the type of park sold to private buyers as a lifestyle business and so again demonstrates Darwin’s vision and capability with the transaction completed in only six weeks from the sale being agreed. We look forward to the exciting prospects for the business going forward and our clients to an enjoyable retirement.”

*as at 31st March 2014.