The Leeds office of specialist park agents, Colliers International has sold Hawkswick Cote Park, a quality static and touring camping park located in the heart of the Yorkshire Dales National Park, on behalf of Bridge Leisure Management Ltd following inviting offers in the region of £1.5m.
Hawkswick Cote Park was acquired by the national holiday park operator, Park Leisure, taking its expanding portfolio to ten parks, following its purchase of Malvern View earlier this year.
The park is located in a peaceful rural location and features 153 pitches (92 static and 61 touring), a separate camping field, as well as a traditional stone owner’s house and an excellent range of park facilities. The well-developed site covers approximately 37 acres in total and benefits from a 12 month holiday licence.
Richard Moss, director of Specialist Parks, Colliers International said:
“Interest came from a variety of sources due to the park’s good location.
“Hawkswick Cote Park offers an excellent opportunity for its new owner, Park Leisure, to take advantage of the highly popular location; by conducting holiday home sales in addition to the drive touring caravan business, it intends to return the park to its optimum trading level.”
Miles Dewhurst, managing director of Park Leisure, said:
“Hawkswick Cote will become an asset to Park Leisure; it matches very well indeed with the 5 star Owners Only policy we provide our Holiday Home Owners.
“The location of the park is stunning and we will endeavor, with a considerate investment program, to enhance it further into its natural landscape.
“We are delighted to have succeeded in this tenth acquisition for Park Leisure and enjoyed once again a seamless transaction with the transfer of ownership.
“Our thanks go to all who were involved in the transaction and look forward to owning the park for the future.
“This sale is an example of the high demand we’re currently experiencing for well-located parks.
“The sale of Hawkswick Cote Park comes hot on the heels of the sale of Bridgend Residential Park in Northumberland, on behalf of the client who is one of the UK’s leading holiday park management companies.
“Transactions of this type of property are up year-on-year when compared with the same period in 2012.
“Year-to-date, the Colliers’ specialist Parks team have valued 60 caravan parks, of which 42 (70 per cent) have been transactional.
“Compare this with the 51 caravan parks valued in the same period in 2013, of which only 10 (20 per cent) were transactional; and it is clear that there is increased market activity in the sector.”