Colliers International’s Leeds based Parks team has sold Little Haven Holiday Park, a static caravan park situated in the popular seaside town of Chapel St Leonards.
Jointly marketed by Colliers and GVA, the freehold property and going concern business sold, with a guide price of £900,000, to a private individual.
Set across around 5.55 acres and featuring a number of lakeside caravans, the park currently has 41 pitches and planning permission for a further 15 in addition to seven lodge units, taking the total to 63 potential pitches.
The holiday park was established in the 1920s and underwent a full renovation in 2003 to include a brick built reception and a customer car parking area.
Richard Moss, head of UK Parks Agency, Colliers International said:
“Little Haven Holiday Park has been thoughtfully developed and landscaped with ornamental lakes, making it an extremely desirable business and holiday destination.
“The park benefits from strong pitch income and has further revenue potential, should the new owner decide to develop the additional pitches.
“The recent sale of Little Haven further demonstrates the high demand for quality parks of this type.
“This sale follows a succession of similar transactions, including Hawkswick Cote Park in the Yorkshire Dales and Upper Carr Holiday Park near York.”
The Parks sector is experiencing an increase in market activity; park transactions are up year-on-year when compared to the same period in 2012.
Year-to-date, Colliers’ specialist Parks team have valued 60 caravan parks, of which 42 (70 per cent) have been transactional.
During the same period in 2013 51 caravan parks were valued, of which only ten (20 per cent) were transactional.