A group of profitable Scottish holiday, residential parks and golf

A group of profitable Scottish holiday, residential parks and golf course
all with substantial development potential
For sale as a group or individually
Moffat Manor Country Park
Glendevon Country Park Riverview Park
Beattock House
Rutherford Castle
Joint sole selling agents:
Group Introduction
The portfolio includes five locations:
Colliers International and Bilfinger GVA
are delighted to bring to market Richmond
Wight Estates (www.richmondwight.com)
– a portfolio of holiday parks and residential
park home estates across Scotland, together
with golf course development opportunity.
The four properties within the portfolio are
ideally placed to benefit from the improving
market conditions for both holiday home and
park home ownership. The portfolio includes
a holiday lodge letting fleet which continue
to perform fantastically given the surge of
demand for UK based holidays.
Addiontally, the properties have planning
consents in place to further develop and
cater for the buoyant short and long term
holiday market and the increasing popularity
of park home communities as a sensible and
economically attractive downsizing option.
M
offat Manor Country Park
A large holiday park with 129 holiday static
and lodge pitches (including 10 hire fleet),
65 touring pitches, plus potential for a further
74 pitches. Licensed bar/restaurant, shop and
planning for further leisure facilities.
Moffat Manor, Dumfires & Galloway DG10 9RE
R
iverview Park
A substantial property with consent for 128
residential, 36 holiday static and 44 touring
pitches with an additional area that has
potential to be developed into holiday or
residential pitches. Plus recent approval
for a new leisure complex.
Riverview Park, Moray IV36 2TA
The portfolio offers over 350 developed pitches
(a combination of park homes, lodges, static
caravans and tourers) with planning consent
for circa 300 additional plots, taking the
capacity of the portfolio to over 650 plots.
G
lendevon Country Park
Attractive, well located park with consent for
165 holiday/residential lodges, 38 privately
owned and 10 twin hire fleet lodges sited.
New reception/amenity building.
Glendevon, Perthshire FK14 7JY
B
eattock House
Detached 7 bedroom grade B listed
property with consent for 16 holiday lodges
and 24 touring pitches within the grounds.
Riverview Park, Moray
Beattock House, Dumfires & Galloway DG10 9QB
R
utherford Castle Golf Course
Approximately 80 hectares
(199 acres) also with consent
for a 150 bedroom hotel.
Rutherford Castle Golf Course, Scotish Borders EH46 7AS
Glendevon, Perthshire
Rutherford Castle
Beattock House, Dumfires & Galloway
Moffat Manor, Dumfires & Galloway
Moffat Manor Country Park
Beattock, Dumfries & Galloway, DG10 9RE
Location
Description
The property comprises an attractive
mixed holiday caravan and lodge park, also
incorporating touring pitches, together with
a licensed pub/restaurant, children’s play
areas, a retail shop, sales office and sales
showground.
The park extends in total to approximately 51.6
acres (20.9 hectares), including a 6.5 acre Loch,
stocked with rainbow trout. The developed
area of the park extends to approximately
18.2 acres.
Located within the village of Beattock, just
one mile from Junction 15 of the A74(M) – the
main tourist arterial route between England
and Scotland.
The picturesque town of Moffat is only 2 miles
to the north east. Carlisle is approximately 39
miles to the south with Glasgow and Edinburgh
57 and 60 miles north respectively.
The property is currently developed with
a total of 129 holiday static pitches and 65
touring pitches, leaving a significant number
of pitches in total to be developed. There is
an area for 74 loch-side pitches, for which
planning permission has been deemed
to have lapsed, although there are 2
lodge units currently sited within this new
development area.
Other park buildings include:
• A small shop (former gate lodge)
• Albert’s Licensed Bar/Bistro – log cabin-style
building with access to outside barbecue
and drinks terrace and children’s adventure
play area
• A former caravan sales office – a detached
park home
• Holiday home sales office – a twin mobile
unit adjoining the main sales ground
• A toilet/amenity block – providing a laundry,
separate ladies and gents WCs and showers,
plus a chemical disposal point and pot wash/
refuse area.
Pitch Type
Number
Private Holiday Static
67
Private Holiday Lodge
19
Hire Fleet Lodges
10
Vacant Pitches
31
Seasonal Tourers
35
Tourers
30
Manager/Staff Lodge
Total
2
194
Site Licence and Planning
Services
The park is licensed to be operated throughout
the year (12 month season) for holiday use.
At present, the licence permits a maximum of
258 units (to include a maximum of 210 static
caravans and 48 tourers).
Mains water and mains electricity. Each pitch is
serviced with 16 amp electric.
The park has recently obtained planning
permission for the extensive refurbishment of
the existing clubhouse as well as 45 additional
parking spaces. Plans have also been drawn
up for the creation of a new coffee shop and
leisure facilities.
Conditional planning permission was granted
on appeal on 8th October 2007 for 20 tourers
and 54 statics to be developed on circa 5.7
acres of loch-side land. We understand that this
permission has lapsed and that a new planning
application has been submitted in this area.
Tenure
As a heritable interest, subject to annual
holiday home licences and any lodge lease
agreements. There is an agreement for access
across a private road through the property.
Gas is provided to owners by individual LPG
tanks or bottled gas. Hire fleet units and the
restaurant/bar have connections to bulk gas.
Drainage – gravity fed connections to a private
sewage treatment plant.
The Business
Lodge pitch fee – £3,416.67 net of rates
and VAT.
Static pitch fee – £2,416 net of rates
and VAT.
The 10 hire fleet lodges were introduced
in 2015.
Adjusted EBITDA for the 6 months to June 2015
was £413,827.
Further information can be provided to
seriously interested parties following viewing,
by the joint sole selling agents.
Glendevon Country Park
Dollar, Perthshire FK14 7JY
Location
Description
Planning
Glendevon Country Park is an established
holiday and residential lodge park located on
the outskirts of Glendevon village, in the ever
popular tourist region of Perthshire.
Glendevon Country Park is set within
approximately 14.5 acres (5.9 Hectares) of
landscaped grounds and attractive pine
woodland. The park has permission to
accommodate either holiday or residential
caravans/lodges for 12 months of the year
(see “Planning”).
The Site Licence and planning permission
permit a maximum of 164 caravans for
residential or holiday use 12 months of the year
(with the exclusion of 6 lodges which must not
be occupied for more than 90 days
in one calendar year).
The property is surrounded by spectacular
scenery in the heart of rural Perthshire and
benefits from close proximity to local towns.
Glendevon lies approximately 9.5km (6 miles)
to the south east of Gleneagles and is only
some 37km (23 miles) from the historic Scottish
capital of Perth.
The Park is accessed directly from the A823
road between Gleneagles and Yetts o’Muckart.
The A823 connects with the A91, which in turn
provides good access to the A9 and the M90
motorway.
Please see below for a summary of the
developed pitches:
Pitch Type
Freehold Lodge Owners
Long Leasehold Lodge Owners
Number
15
2
Private Lodge Owners on Mobile Home Act Agreements
21
Hire Fleet
10
Vacant
4
Staff
1
Total
53
Of the 38 privately owned lodges, 17 are
occupied by residential customers who
own their plot on a either a freehold (15)
or the balance of 175 year, long leasehold (2)
basis, with the remainder utilised as second/
holiday homes.
The park has a recently refurbished timber
reception/sales office building located close
to the thoughtfully landscaped park entrance.
A further 111 pitches can therefore be
developed at the park under the existing
planning consents. This number may reduce
dependent upon the size of pitch developed/
unit sited.
Planning consent was granted recently for
a coffee shop and holiday park sales office.
Further details are available from the joint sole
selling agents.
Tenure
The Business
As a heritable interest subject to 2 leasehold
interests and 15 plots owned “freehold” by
third parties.
Lodges owners are provided with a pitch
licence agreement in line with the Mobile
Home Act agreement and achieved lodges
sale prices are impressive.
Services
Mains water and mains electricity. Each
pitch is serviced with 16 amp electric.
Gas is provided by LPG bulk tanks or
bottled gas.
Drainage - gravity fed treatment plant which
discharges into a nearby burn. A second,
newly installed treatment plant is ready to
serve the newly developed areas of the park
and will provided sufficient capacity for all 164
consented pitches. This new treatment plant
and holding tank are yet to be commissioned.
The freehold and long leasehold lodge owners
pay a contribution for water and rates by way of
a service charge, with the long leasehold lodge
owners also paying a “maintenance charge”.
Lodge pitch fee: £1,260 – £1,980 including VAT
but excluding rates. (Variance depending on
location of pitch).
The 10 hire fleet lodges were introduced in 2015.
Adjusted EBITDA for the 6 months to June 2015
was £204,885.
Further information can be provided to
seriously interested parties following viewing
by the joint selling agents.
Riverview Park
Mundole, Forres, Moray, IV36 2TA
Location
Description
Riverview Park is a residential and holiday park
offering an established business coupled with
substantial development potential; located
on the outskirts of the village of Mundole,
Inverness-shire.
Riverview Park is set within approximately
34.4 acres (13.9 hectares) of landscaped
grounds on the banks of the River Findhorn.
At present the park is developed with 105
pitches (with further development potential of
an additional 103 pitches within the planning
consent) which have been developed into
3 distinct areas as follows:
The property has benefited from significant
investment by the vendor who has
implemented a program of pitch development,
service infrastructure upgrades and building
refurbishment since taking possession in 2013.
The Park is approximately half a mile from
the A96 trunk road which connects Aberdeen
to the A9 main arterial route at Inverness. The
park may either be reached via the village of
Mundole or via smaller country roads leading
from the A96.
The Original Mobile Home Park
58 pitches, of which 36 are privately owned
static caravan style mobile homes, 7 static
caravans let on Assured Shorthold Tenancies
and 15 vacant pitches. Several of these pitches
are placed upon a concreted area and as such
do not have clearly defined pitch boundaries.
The Holiday Lodge Park
Consent for the development of 36 holiday
units and is presently developed with
12 twin pitches, of which 10 currently have
park owned twin hire fleet lodges sited (all with
hot tubs) which are included in the sale.
The remaining 2 pitches are vacant.
Grosvenor Park
35 twin park home pitches of which 16
have owner occupied park home units sited.
Please see below for a summary of the
developed pitches:
Developed Pitches
Number
Park Homes - Owner
16
Residential Mobile Homes - Owner
36
AST Rental Mobile Homes
7
Hire Fleet Lodges
10
Park Homes - Vacant
34
Holiday Lodges - Vacant
Total
2
105
In addition to the above, there is consent to
develop a further 24 holiday static pitches
within the new holiday lodge park area and
approximately space for 35 additional park
homes with a further 14 tourers within the
remainder of the park.
Proposals are currently being considered to
expand the site development potential from its
current capacity to a new enhanced figure of
306 units.
Park buildings include
a Central Facilities Complex
This comprises former farm buildings.
Currently only a park reception, office, staff
kitchen and office are in use with the remainder
of the complex unused; offering a prime
development opportunity.
Farmhouse/Owner’s Accommodation
This has been extensively refurbished and
modernised to form a well-appointed, fully
furnished letting farmhouse, with the benefit of
upvc double glazing and LPG central heating,
plus modern kitchen and bathroom fixtures
and fittings, briefly comprising the following:
Ground floor
Kitchen, utility room, lounge/dining room,
sitting room, shower room/wc, double
bedroom 5, study.
First floor
Double bedrooms 1 and 2 (both ensuite),
further double bedroom 3, single bedroom 4,
bath/shower room/wc.
Outside
A large garden to front, with small yard and
single garage and recently constructed Jacuzzi
with decking surround.
Planning
The Business
Services
Planning allows up to 128 residential caravans,
36 static holiday caravans and 44 tourers.
However we have been advised that a further
area has been proposed for development
(either holiday or residential).
Park Home and residential mobile home
owners are provided with a Mobile Home Act
agreement and the tenanted units are provided
with Assured Shorthold Tenancies.
Mains water and mains electricity (3 phase).
Each pitch is serviced with 16 amp electric.
The park has also recently obtained planning
consents for the redevelopment of the central
facilities complex to include a swimming
pool, convenience store, clubhouse / social
area, customer sales unit and community
greenhouse.
The park is permitted to accommodate touring
caravans between 1st April to 31st October
(inclusive) each year and static caravans for
holiday purposes only during the period
1st January to 30th November in any year.
Tenure
As a heritable interest subject to 7 Assured
Shorthold Tenancies and Mobile Home Act
agreements.
Original Mobile Home Park pitch fee – £1,535
per annum including site maintenance charge
but excluding water and rates.
Grosvenor Park – £1,960 per annum including
site maintenance charge but excluding water
and rates.
Mobile Homes let on A.S.Ts – £400 p.c.m.
The 10 hire fleet lodges were introduced
in 2015.
Adjusted EBITDA for the 6 months to
June 2015 was £308,764.
Further information can be provided to
seriously interested parties by the joint sole
selling agents.
Key to the shaded plan
The Original Mobile Home Park
The Holiday Lodge Park
Grosvenor Park
Park
buildings include a Central
Facilities Complex
Letting
Farmhouse/Owner’s
Accommodation
Area for further development
Gas is provided to Grosvenor Park and new
holiday lodge areas via LPG bulk tanks. The
original mobile home park is provided with
a mixture of individual LPG bulk tanks and
bottled gas. The farmhouse has a Bulk LPG
tank and gas boiler.
Drainage: gravity fed connections to septic tanks.
Beattock House
Beattock, Dumfries & Galloway, DG10 9QB
Location
Description
Beattock House comprises a number of
different elements including an impressive
large residential dwelling, detached bungalow,
lodge park, former caravan site and a range
of outbuildings.
The Beattock House site extends to
approximately 8.2 acres (3.3 hectares) in total.
The site consists of a number of different
elements which are detailed below:
It is located on the northern edge of the
village of Beattock in Dumfries and Galloway.
It is bordered to the west by the main road
running through the village and by the
Evan Water to the north.
Junction 15 of the A74(M) is a short distance
along the main road to the west of the
property; which provides access to local towns
and villages as well as to Carlisle to the south
and Glasgow to the north. The A701, which
runs close to the eastern boundary, provides
access to Dumfries which lies approximately
19 miles to the south west.
Beattock House
A detached, B-Listed period dwelling that
is brick constructed under a pitched roof.
The accommodation is arranged over lower
ground, ground and first floors and includes
Ground Floor comprises
Porch, reception hall, drawing room, dining
room, morning room, library, billiard room,
Kitchen, pantry, laundry room and butler’s
pantry with WC and shower room.
Lower Ground Floor comprises
A cellar – currently used as extensive storage
but with potential to be converted into a
separate apartment and a boiler room.
First Floor comprises
7 bedrooms, three of which have en suite
bathrooms/shower room and 2 bathrooms.
Osprey
To the right of the main driveway sits ‘Osprey’.
This property is a detached bungalow with
rendered elevations under a pitched slate roof
and briefly comprises:
Living room, fitted kitchen leading to a utility
room, 3 bedrooms, bathroom, rear bedroom/
study off.
Lodge Park
The Lodge Park benefits from a separate
entrance and is situated to the southern
end of the site.
Accommodation consists of 2 built and
occupied lodges. There is capacity for a further
14 units. Of these 14, we understand that there
are 5 fully serviced concrete bases and 9 fully
serviced block built bases; all being suitable for
40ft x 20ft lodges.
Touring Park
An area of parkland extending to
approximately 1.3 hectares (3.2 acres), has
formerly been used as a touring caravan park
and has a capacity for 24 pitches, includes a
former services block.
Outbuildings
There are three old outbuildings on site
which could provide redevelopment potential,
subject to obtaining planning permission.
Planning
The site benefits from consent to site 16 timber
holiday chalets and for the formation of a
new access.
The property is suited to use as a private
residence or as a boutique hotel (subject to
consent). Further planning information is
available upon request.
Tenure
Heritable interest.
Services
Mains water, mains electricity, private drainage
and oil-fired central heating in the main house.
Planning consent for
lodge development and
touring caravans
Rutherford Castle
Also available by separate negotiation: a former
18 hole championship golf course with a newly
constructed clubhouse (providing potential
for further development subject to planning)
and full detailed planning consent for a 150
bedroom hotel extending to around 14.1 acres
of vacant land. The original consent (reference:
08/1397/FUL) was amended and extended
through reference 13/00572/FUL.
Plans have been created to re-develop the
property with various outdoor pursuits areas,
retail and a substantial lodge development.
The property extends to approximately
199 acres (80 hectares) and is within an
accessible location adjacent to the A702 main
road only around 14 miles from Edinburgh
city centre.
West Linton, Scottish Borders, EH46 7AS
Terms of sale
Viewings are strictly by appointment through the
joint sole selling agents only.
All caravan parks are being sold as operational
entities, and are sold on the basis of being heritable
interests (the Scottish equivalent of freehold). VAT
(if applicable) will be payable in addition. Stock at
valuation or by agreement upon completion. Formal
offers are to be made in Scottish legal form.
Alternatively, sale of 100% the shares in
the individual operating companies may
be preferred.
Offers for the portfolio are preferred, but bids
for the individual properties wil be considered.
For further information please contact:
Peter Smith BA MRICS
T: 0113 280 8075
E: peter.smith@gva.co.uk
Matthew Lamb BSc (Hons)
T: 0113 280 8060
E: matthew.lamb@gva.co.uk
Richard Moss MRICS BSc (Hons)
T: 0113 200 6910
E: richard.moss@colliers.com
Robert Smithson AssocRICS
T: 0113 200 1876
E: Robert.smithson@colliers.com