Beacon Fell View sold in multi-million-pound deal
Beacon Fell View holiday park, in the Forest of Bowland, has been acquired by Hill Brothers Residential & Leisure Parks.
While the value of the off-market deal has not been disclosed, the guide price for the site was £11m.
The four-star holiday park is set in around 35 landscaped acres overlooking Dilworth Upper Reservoir. It is licensed for a total of 419 caravans and has planning consent for further lodge development.
Facilities include an indoor swimming pool, a bar, an amusement arcade, a gym, and an entertainment venue with food and beverage offer.
Tom Hill, of Hill Brothers, commented: "We see it as a great opportunity to expand our portfolio in the Ribble Valley, as parks of this quality and size don't often come to the market in the North West, and we look forward to further expansion in this sector."
The deal negotiated by sector specialist Colliers on behalf of Hagans Leisure UK Ltd.
Robert Smithson, senior surveyor at Colliers, said: "Beacon Fell View was brought to the market confidentially as a rare asset, and it attracted significant demand which was crystalised in a short timescale with various offers.
"This is one of the biggest individual park sales in the UK this year. The fact that it was achieved off-market to a cash buyer underlines the strength of the holiday parks sector, which was performing well before the pandemic and has since continued to flourish amid rising demand from holidaymakers seeking staycations offering fresh air and spacious accommodation in attractive locations."
He added: “Beacon Fell View also offers further opportunities for business growth, as there is planning consent for further lodge pitches and the majority of the site licences will expire next year.”
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