Thursday, June 5, 2014

News: Fore sale - Waterfront Golf

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Eagle-eyed investors are being invited to putt in an offer for Waterfront Golf, the popular 9 hole golf course in the heart of the Manvers regeneration area in Rotherham, that has recently gone up for sale.

Located between Manvers Lake and Old Moor Nature Reserve, the 64.5 hectares (159.4 acres) site includes a 9 hole golf course designed by Simon Gidman with 18 different tees measuring over 6,500 yards, one of the longest of its kind in the UK. The greens and tees throughout the course have been constructed to USPGA specification.

The club opened in 2008 and also includes a 32 bay floodlit golf driving range, practice facilities, club house and retail space. It is a major part of the Manvers Waterfront development, the 285-acre mixed-use regeneration of the former Manvers Colliery by Anglo-Dutch developers, TCN UK.

Commercial property agents GVA is instructed by Stirling Investment Properties LLP to offer Waterfront Golf Club to the market. It has been given a guide price of £475,000.

The 250 year leasehold interest is being sold to enable the Leeds-based directors to focus on their principal business interests.

A spokesperson for GVA said: "Waterfront Golf Club is a highly regarded golf facility and benefits from an established trading record. Since opening in September 2008 the business has been operated by the current owners, who are based in Leeds, as part of a much wider property and business portfolio.

"Despite the Club's established trading record, it is considered that the current proprietors' remote management of the business (coupled with the non-core nature of this golf business) means that the club has not been fully exploited, and hence offers scope for further commercialisation."

Waterfront Golf website
GVA website

Images: Waterfront Golf

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