GLOUCESTER GOLF CLUB, GLOUCESTER – FOR SALE
Humberts Leisure, the property specialists to the golf and golf hotel industries, is instructed by Kayterm Ltd to market Gloucester Golf Club, Gloucester.
Humberts Leisure, the property specialists to the golf and golf hotel industries, is instructed by Kayterm Ltd to market Gloucester Golf Club, Gloucester. Offers in the region of £1.0 - £1.25 million are invited for the freehold property, which enjoys a commercial trading location on the edge of Gloucester (population 109,888).
Gloucester Golf Club currently forms part of the Ramada Gloucester Hotel & Country Club (which also includes a Sebastian Coe Health Club and the Gloucester Ski Centre that and are being retained by the vendor). Gloucester Golf Club (established in 1976) is set in 71 hectares (174 acres) and comprises: a Donald Steel designed 18 hole 6,544 yard (par 72) golf course; a putting green and practice ground (with planning permission for a 15 bay golf range); a c. 540 sq m (5,800 sq ft) clubhouse (with fine views over the Cotswold Hills); and a purpose built greenkeeping building. The course is a former host to the West of England PGA Championship.
Gloucester Golf Club is ripe for commercialisation as a stand alone proprietary golf business. The current business mix is approximately 49% membership income; 19% green fee income; 31% food and beverage income and 1% miscellaneous sales (excluding golf shop sales & hire – which are currently franchised).
The sale is being handled by Humberts Leisure. Ben Allen who is leading the sale said ‘Gloucester Golf Club is an exceptionally located golf business, with planning consent in place for a new golf range that will undoubtedly appeal to the market. We anticipate that the Club will be sold to a local purchaser and have a high level of early interest in the property. The market for freehold golf clubs remains very active. Following on from our sales of Horton Park, The Vale & The Chase Golf Clubs in July we hope to report the sale of a number of other Clubs in the near future.
For further information on Gloucester Golf Club please contact:
Ben Allen BSc (Hons) MRICS or Stephanie Baines on 01962 835 960
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Gloucester Golf Club Sold June 2010 - 26-03-10 09:26