Savills Sells Norfolk Golf And Country Club

The Norfolk Golf and Country Club, advised by Savills, has sold its golf and leisure complex, which was on the market for £1.6 million.

The 159 acre rural site located in central north Norfolk will revert to its original use as farmland and the clubhouse will be put to a suitable compatible use.

Kay Griffiths, from Savills Leisure team, comments, "The underlying property asset comprises an extensive area of attractive land with an array of buildings that provide the opportunity to explore other uses appropriate for this location. The conversion of the golf course back to farmland is a reflection of pressure that has been faced by some rural Golf Club owners who are subject to a lot of competition in a challenging economic climate. In the case of The Norfolk it was concluded that in light of declining income and continually increasing costs, the golf and leisure business was no longer viable."

Cape Cornwall Golf, Hotel and Leisure Resort

ALL SERIOUS OFFERS CONSIDERED

Situated in a spectacular position on the cliff tops overlooking the Brisons on the Heritage Coast west of St Just, Cape Cornwall is exceptionally well-placed to capitalise on the area’s popularity as a leading tourist destination. With 8 popular hotel bedrooms, a burgeoning function trade and a charming clubhouse which has been stylishly updated by the current owner the sale of Cape Cornwall presents a unique and exciting opportunity to acquire a true destination business. Add to this valuable planning consent to redevelop a disused 19^th Century water tower into an exceptional private house and potential, subject to obtaining the necessary consents, to develop other holiday accommodation and Cape Cornwall has all the ingredients for future success.

Chris Gooch handling the sale said: "For anyone looking for a new business or a lifestyle change Cape Cornwall with its inspiring location presents an exciting opportunity. Furthermore and due to poor health the vendor wishes to expedite the sale so if you have funds available and can move quickly all serious offers will be considered.”

Strutt & Parker’s Leisure and Hotels Department is instructed to sell Cape Cornwall Golf and Leisure Resort.

GVA AQUIRES HUMBERTS LEISURE

This week GVA exchanged contracts with Humberts Leisure, the leading UK golf and leisure property specialist, to acquire the business. GVA will complete the acquisition of the business later this month, creating one of the UK’s strongest leisure offers.
The new leisure unit, to be named GVA Humberts Leisure, will bring together the specialist leisure advisory expertise of Humberts Leisure, GVA’s existing hotels and leisure capability and the resources and national network of one of the UK’s leading property consultants.
This strategic acquisition marks a major statement of intent by GVA, currently the seventh largest property advisor in the country, to establish the company as one of the UK’s leading leisure consultants, with in depth specialist expertise across all leisure sectors.
GVA’s existing Hotels & Leisure team, led by James Williamson and Ian Thompson, is particularly focused on hotels, so the acquisition will allow the company to effectively tap into the wider UK leisure sector. This will include pubs and licensed property, hotels, general leisure, holiday property and caravan parks, golf courses, sports complexes and venues, urban leisure, water-based leisure, visitor enterprises and institutional property.

Rob Bould, Chief Executive of GVA, comments:

"We’re delighted to confirm our commitment to acquire such a prestigious business as Humberts Leisure. At this stage in the economic cycle, this is a first class acquisition of what is undoubtedly one of the country’s leading specialists in its field, which builds on the hard work and determination of our existing team. It also illustrates our leading contra-cyclical approach to gaining market share through the acquisition of a robust business ready for further expansion.
"The move introduces a number of highly impressive specialist leisure chartered surveyors, planners and consultants to further supplement our existing team. The leisure sector requires a highly specialised skills set and it is important to us that we can deliver to our clients the best possible advice in these challenging times.”

John Anderson, Executive Chairman of Humberts Leisure comments: "We’re delighted to have agreed the merger with GVA as this provides us with a strong platform from which to drive our growth strategy. Integration of the two complementary leisure teams is a tremendous enhancement to our national leisure service.”

Ben Allen, Director HLL Humberts Leisure and golf property specialist, said: "The formation of GVA Humberts Leisure is very good news for us and our clients. Our specialist golf and leisure sector skills plus the strength of GVA’s national network of offices combine to create a very powerful force. Our offering and service to golf sector clients will undoubtedly be enhanced by this merger.”