Savills, on behalf of a private client, has completed the sale of Woodlakes Park in Stowbridge, Norfolk, to Liv Lodges. The guide price was £5.25 million.
Woodlakes Park is located in the heart of Norfolk and comprises a holiday lodge development of 47 detached timber lodges set within a tranquil landscaped environment, including five fishing lakes and woodland. The site extends to approximately 62 acres (25 hectares) and benefits from 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.
The holiday park is situated in a semi-rural area on the eastern edge of Stowbridge, a village on the River Ouse surrounded by agricultural land and benefitting from countryside walks directly from the property, it is also an excellent base from which to explore Norfolk and the surrounding area. The Sandringham Estate is about 15 miles to the north and slightly further away is the North Norfolk coastline with its award-winning beaches, including Holkham, Wells-next-the-Sea and Brancaster.
Kay Griffiths, Associate Director in the Leisure and Trade team at Savills Oxford, says: “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, comments: “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.”