Four golf clubs for sale10th July, 2013 by Alistair Dunsmuir
Four golf clubs have been put up for sale within a few days of each other.
South Weald Golf Course in Essex, Northop Golf and Country Park in Wales, Waldringfield Golf Course in Suffolk and The Grange and Links Hotel in Scotland collectively have guide prices worth well over £5 million.
South Weald Golf Course controversially closed in 2012, when it was called Weald Park Golf Club, even though it had been selling decade-long membership subscriptions. The official explanation has been due to the ill health of the tenant who was running the club.
Its freeholder has since terminated the lease, changed the club’s name and re-opened it as a pay and play venue, but, as the freeholder wants to retire, has now put the club up for sale at a guide price of £1.75 million.
The agent marketing the sale suggested that the club could be converted into a non-golfing facility.
“South Weald Golf Course is an attractive, established golf course with an affluent catchment. These characteristics have been recognised by various golf club operators in the past and were demonstrated by past trading performance. The site will however also appeal to entrepreneurial developers, who could pursue various alternative development opportunities for the land and buildings which rarely come available in this location,” said Ian Simpson, director at Savills.
Meanwhile, the owner of Northop Golf and Country Park, Maray Properties, has announced that it wants to sell the 20-year-old Flintshire golf club designed by former Ryder Cup player, John Jacobs.
The parkland venue has 43 residential properties situated around the course, is popular for weddings and conference and has 300 golf members and 350 leisure members.
The site has planning permission to build a new clubhouse as an extension to the driving range, and and to extend the existing clubhouse in order to provide a new golf lodge with up to 30 bedrooms and a swimming pool. No guide price has been disclosed.
The 30-year-old Waldringfield Golf Course is offered with vacant possession at a guide price of £1.25 million.
Its current owner, James Morrella, said: “I purchased Waldringfield as a retirement project in 2003, and have spent the last 10 years improving the course, buildings, irrigation and machinery. I am proud that the 2014 Suffolk Open Championship will be held here, which is testament to the quality of our work. It is however time to pass on the baton to a new owner who I hope will enjoy the experience as much as I have.”
And finally, the Grange and Links Hotel in Sandilands is being marketed by Christie & Co for £1.75 million.
“The 18-hole links golf course has stunning coastal views, a clubhouse which has a two-bedroom flat, shop, lounge bar and dining room and there is parking for approximately 50 vehicles,” said a spokesman.
One industry analyst said the number of clubs coming on to the market was a sign of both the number of clubs that owners want to sell, plus that interest from buyers is starting to grow.