APPLEGROVE LODGES, SCARBOROUGH, YO13 0DD FOR SALE

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1 APPLEGROVE LODGES, SCARBOROUGH, YO13 0DD FOR SALE

2 SUMMARY Attractive holiday lodge park with a strong pitch fee income located within a pleasant village setting Extending to approximately 5.6 acres LOCATION Applegrove Lodges is an attractive holiday lodge park with a strong pitch fee income located within a pleasant village setting. The park is located on the outskirts of the attractive village of Burniston, situated close to one of the main tourist routes to Scarborough, the A171. Developed with 50 lodge pitches (26 occupied by privately owned lodges, 24 vacant) Guide Price 975,000 The park is just over 5 miles to the north of the popular seaside town of Scarborough and provides an excellent opportunity for owners to use the park as a base to enjoy tranquil surroundings, but within easy reach of coastal attractions. The village is also located just on the eastern border of the north York Moors National Park, which offers holiday makers an alternative to the coast with a myriad of quaint towns and villages such as Helmsley and Osmotherly, a range of tourist attractions such as Rievaulx Abbey, Goathland (the home of the popular TV program Heartbeat ) and Mount Grace Priory and over 550 square miles of walking and outdoor pursuits. Also nearby are the coastal resorts of Bridlington and Filey which have many attractions such as fishing, golf and award winning beaches. THE PARK The park extends over approximately 5.6 acres of land and is developed with 50 lodge pitches. All the pitches are provided with connections to water and electricity and gas is provided via bottles. At present, 26 are occupied with privately owned lodges and 24 are vacant. Of these 25 vacant pitches, 7 have park owned stock units sited. Promap All the lodge pitches have been developed in a layout whereby they can accommodate 20 foot wide units. A number of the lodges are in excess of 20 years old and would benefit from being upgraded.

3 The park is well landscaped with tarmacadam roadways, lighting and CCTV and includes a waterfall and good signage around the park. The roadways give full access to all the pitches. Stretching around the north and east sides of the park are grassed and woodland areas with potential to be further developed. The owner has created a secure and tranquil environment at the park which is enhanced by an electronic entrance gate and pleasant entrance roadway. The south west corner of the park currently houses maintenance sheds and a small office unit. However we have been advised that planning permission for a 3 bedroom bungalow and garage was previously obtained for this area. LICENCE AGREEMENTS The owners of all lodges are issued with an annual pitch licence agreement. PITCH FEES The Pitch Fees for 2013 are as follows: 3,550 including VAT and rates An additional Service Charge of 580 per annum applies. SITE LICENCE The park is licensed for up to 51 static holiday caravans to be sited. The units are permitted for use for up to 11 months of the year (1st March 31st January) and are not permitted to be used as a permanent residence.

4 THE BUSINESS The park benefits from having a strong pitch fee income. The current occupancy of 26 lodges provides opportunity for the buyer to generate substantial income from holiday home sales and/or short term letting. A commission of 10% + VAT applies to owner to owner lodge sales. In the previous 12 month trading period (Oct 2012 Sept 2013 inclusive) the business Turnover was 158,427 with a Gross Profit of 149,227 and strong EBITDA. Two unit sales were conducted during this period, contributing 27,500 to turnover. Further financial information can be provided to interested parties following viewing. TENURE Freehold EQUIPMENT The business is for sale as a going concern and therefore includes equipment required to operate the business on a day to day basis. An inventory can be provided by the selling agents.

5 PRICE Guide Price - 975,000 for the property and business as a going concern. VIEWING Viewings to be arranged through the selling agents only FURTHER INFORMATION For further information or to arrange an inspection of the property, please contact: Richard Moss Colliers International Richard.moss@colliers.com Peter Smith - GVA Peter.smith@gva.co.uk SUBJECT TO CONTRACT Disclaimer Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. October 2013 Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP. Company registered in England & Wales no. OC Registered office: 50 George Street, London W1U 7GA Promap