Hengar Manor Country Park

Hengar Manor
Country Park
ST TUDY, BODMIN, CORNWALL, PL30 3PL
;Currently developed with 161 holiday
units; 96 of which are privately
owned and 65 are company owned.
;Central Cornwall location providing
an excellent base for exploring this
popular tourist area.
;Excellent leisure facilities including an
indoor heated swimming pool, bar &
grill, café and pizzeria.
;Strong and improving trading
performance.
;Planning permission for 12 additional
static caravans and 4 infill lodges;
with further development potential
(subject to planning permission).
;Large site extending to approximately
13.5 hectares (33.4 acres) in total.
Guide Price:
£6,000,000
ST TUDY, BODMIN, CORNWALL, PL30 3PL
Introduction
THE OPPORTUNITY
This is a genuine retirement sale, the vendors having
stepped back from the business which is currently run
under management. Whilst the management team is strong,
as demonstrated by the improving trading performance,
there is a clear opportunity to improve trading levels
within the existing configuration through a more hands-on
management approach.
In addition to organic growth, we understand that the park
benefits from planning permission for the development of
an additional 12 caravans and some four infill chalets.
Subject to planning permission there is space for further
development of static caravans, particularly around
the fishing lakes towards the southern boundary of the
site. Our client has obtained an opinion from a planning
consultant which suggests that planning permission could
be achieved for a further 30-40 static caravans.
LOCATION
Hengar Manor Country Park occupies a picturesque rural position
on the edge of Bodmin Moor in North Cornwall.
Cornwall is a popular tourist destination with a wide variety of
visitor attractions to appeal to all ages and interests. Nearby
highlights include Crealy Adventure Park, the Eden Project and
the medieval fortification of Tintagnel Castle; all within a 30
minute drive time.
ST TUDY, BODMIN, CORNWALL, PL30 3PL
With its impressive and varied coastline, the county has over
400 beaches. Polzeath, a renowned surfing beach, is just 10
miles away on the north Cornwall coast. Nearby is the stunning
Bedruthan Steps, owned by the National Trust, and Watergate
Bay. Further along the coast are the attractive fishing and resort
villages of Padstow and Rock.
Heading to the south coast, are sandy beaches at Fowey and
Looe; all within 15 miles of Hengar Manor.
The area is popular with walkers and cyclists and Hengar Manor
is just to the west of the granite moorland of Bodmin Moor. The
Camel Trail provides some 18 miles of bike trails linking Padstow,
Bodmin and Wadebridge.
The county is home to a number of traditional ports and harbours
which have all evolved to cater for the tourist market. Nearby, there
is Boscastle, Padstow, Rock, Port Isaac (the home of the popular TV
series Doc Martin), Fowey, Looe and Polperro. Charleston harbour,
Bodmin Moor and the moorland peaks of Roughter and Brown Willy
are also close by and have been used in the filming of many scenes
in the new successful TV series Poldark
The county hosts a wide range of events across the year including
the Royal Cornwall Show, St Ives September Festival, the Great
Cornish Food Festival and the Fowey Royal Regatta; a premier
sailing event.
SITUATION
Hengar Manor Country Park is signposted from the B3266 after
leaving the A39, Atlantic Highway.
The Property
Hengar Manor Country Park is currently developed with a total
of 161 holiday units, providing a range of accommodation from
quality lodges to modern static caravans.
A breakdown of the accommodation units, including the split
between those owned privately and by the company is provided
in the following table:
Total
Units
Owned by
Company
Privately
Owned
Manor Apartments
7
7
0
Hengar Lodge
14
0
14
Park Lodge
19
2
17
Manor Lodge
8
6
2
Park Bungalows
41
12
29
Park Villas
41
11
30
Hengar Villas
5
1
4
Coach House Cottages
8
8
0
Caravans
18
18
0
161
65
96
Unit Type
The accommodation has been developed within the grounds
of Hengar Manor which provides a most attractive backdrop of
wooded parkland with some delightful ornamental ponds.
ST TUDY, BODMIN, CORNWALL, PL30 3PL
THE FACILITIES COMPLEX
MANOR HOUSE
The main facilities complex is purpose-built and houses the park
reception and a range of leisure facilities.
The impressive Grade II listed Manor House is largely disused; having
previously provided the clubhouse, the facilities were relocated to
the purpose-built facilities complex. However, the accommodation
has been maintained in good order and would suit a commercial use
such as function space and/or self-catering apartments.
The Reflections Leisure Club provides a 25 meter indoor pool
with waterfall and slide, a shallow pool, whirlpool spa as well as
a sauna and steam room. A range of beauty treatments are also
offered from treatment rooms.
Two of the park’s three eateries are located within the main
facilities complex.
The Tavern Bar & Grill serves a range of home-cooked meals and
a carvery on Sundays. The traditional bar and grill benefits from
an additional lounge bar and an entertainment stage.
Adjacent to the park’s reception is the Hengar Café; serving hot
and cold drinks and a range of fresh pastries, cakes and snacks.
The building currently accommodates Morellos Pizzeria which is a
popular facility serving a range of pizza and pasta dishes.
THE GROUNDS & LAKES
Extending to approximately 13.5 hectares (33 acres), the grounds
provide a relaxed and peaceful setting. The park also benefits
from a nine hole pitch and putt golf course, tennis courts and a
woodland adventure playground.
The park benefits from four stocked fishing lakes of varying sizes,
with some 58 pegs in total and a variety of Carp (20lb+), Tench
(up to 5lb) as well as small carp, roach & bream.
To complement the angling offered at the park there is also
a tackle shop which stocks bait and tackle and has fishing
equipment for sale or to hire.
ST TUDY, BODMIN, CORNWALL, PL30 3PL
TARIFF
The weekly holiday hire tariff ranges depending on the unit type.
The range in tariff for the 2016 season is as follows:
Least expensive
Most expensive
Low Season
£205
£459
High Season
£719
£2,139
In addition to revenue from company owned accommodation, the
park receives 22% commission on bookings conducted on behalf
of private lodge owners.
THE BUSINESS
The business has reported an increase in turnover between 2012
and 2014; with a further increase anticipated for 2015. Based
on eight months actual trading data and four months projections,
turnover is expected to reach approximately £2.5 million for the
current year. Likewise, EBITDA has increased between 2012 and
2014 with £750,000 projected for 2015.
ST TUDY, BODMIN, CORNWALL, PL30 3PL
Detailed profit and loss accounts for the last three years, will be
provided to seriously interested parties following viewing.
LOCAL AUTHORITY
Cornwall Council – www.cornwall.gov.uk
SERVICES
We are advised that the property benefits from mains electricity
and water with a private sewerage system.
DATA PACK
An information pack is currently being prepared and will be made
available to genuine interested parties following viewing.
GUIDE PRICE
£6,000,000 for the freehold interest.
Location
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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. May 2015
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Our registered office is at 50 George Street, London W1U 7GA.
ST TUDY, BODMIN, CORNWALL, PL30 3PL
CONTACT US
Viewing is strictly by prior appointment with Colliers
International through:
Ben Jones
Parks
0117 917 2032
[email protected]
Amy Brooksbank
Parks
0117 917 2042
[email protected]
Colliers International
Ground floor,
10 Templeback,
Bristol, BS1 6FL
www.colliers.com/uk/parks