West Norfolk holiday site sold for £5.25million
The Woodlakes Park holiday lodge site at Stow Bridge has been sold for a guide price of £5.25million.
Savills has announced that it has completed the sale of the 62 acre development to new owners Liv Lodges, a company which specialises in luxury retreats and has said that it plans to expand the West Norfolk site.
Woodlakes currently has 47 detached timber lodges set in a landscaped parkland environment with five fishing lakes and woodland in a semi-rural location on the edge of the village.
There is a newly constructed clubhouse providing restaurant and bar facilities which is let out to a third party, and planning permission allowing for the development of a further 96 lodges.
Kay Griffiths, associate director in the leisure and trade team at Savills, Oxford, said: “We are delighted to complete the sale of this successful holiday lodge business in Norfolk.
“Holiday parks have risen in popularity in recent times driven by the increased desire to staycation as a result of the lack of international travel options and holiday makers looking to reduce their carbon impact. This has resulted in a lot more interest in the sector from both operators and new entrants to the market.”
Graham Martin, chairman of Liv Lodges, said: “Woodlakes is an exceptional property which Liv Lodges will develop ecologically, enhancing in every way possible the magnificent topography of which we are now the custodians.
“We intend to expand our footprint by building another one hundred and fifty lodges that will run in tandem with our plans to develop the natural beauty of the park. This, with our other parks, will enable us to enhance our brand with further acquisitions.”
Liv Lodges currently runs and manages what it describes as ‘boutique luxury retreats’ across the country, including sites at Scarborough, Bridlington, Barmston, Lincoln, Hornsea, Beverley and in Cornwall.