Wed, 23 Aug 2023 | COMMERCIAL PROPERTY
A holiday lodge site in North Yorkshire has been put up for sale after its owner collapsed. Administrators from KBL Advisory are hoping to secure £4 million from the sale of Roseberry View Lodge Retreat in Great Ayton.
Roseberry View Lodge Retreat is situated on a 10.57-acre site near Stokesley. It comprises 10 luxury three-bedroom holiday lodges, each equipped with modern facilities and a hot tub, two holiday cottages, a four-bedroom detached house, a reception with offices and buildings used for storage. Other facilities include a children’s play area, communal barbecue area, dog park and playing fields.
The site’s owner, ACP Leisure Limited, fell into administration after being unable to repay a £1.9 million loan owed to business lender Assetz. Earlier this year, Assetz had reportedly become concerned over ACP’s solvency, after the firm built up six months of loan repayment arrears totalling over £87,000.
Despite reporting in November 2021 that Roseberry View Lodge Retreat had experienced “huge demand for staycations” amid the COVID-19 pandemic, ACP fell to a £157,000 loss in the year to the end of September 2021 and had accumulated further losses since.
Assetz appointed KBL Advisory’s Steve Kenny and Richard Cole in June of this year and agreed to provide funding for ACP to continue trading for a further 12 weeks as a sale of the business’ land and property as a going concern was sought. Consultants from commercial and industrial property firm Walker Singleton have now been appointed to market Roseberry View Lodge Retreat for sale.
Walker Singleton director Paul Diakiw said: “Roseberry View Lodge Retreat offers the perfect investment opportunity for parties seeking to add a holiday lodge park to their portfolio or as a lifestyle purchase."
"Being situated in a popular tourist location near to the North Yorks Moors National Park means there is strong demand for high-quality lodge accommodation such as this, particularly given the continuing popularity of staycations. I would strongly advise any interested parties to get in contact to arrange a viewing of the site.”
Read about the impact of the COVID-19 "staycation" boom on M&A
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