Forest of Dean holiday park under offer

The two-acre Woodlands View Holiday Lodge Park in Coleford is under offer, after being placed on the market with Fox Leisure.

Advertised as a low maintenance business with a guide price of £650,000, the park is set in a secluded location within the Forest of Dean close to local amenities.

With direct access to the B34228 at Sling, Woodlands View offers 16 holiday lodges which all have year-round use licenses.

Built between 2013 and 2014, the site has a double gated entrance/exit road system with parking bays alongside each lodge. The main roadway around the site has a circular design, with a lower section for overflow and visitor parking.

Fox Leisure said: “It is a high quality, low density development with all services installed new in 2013/14 and the resale value of Homes is in the region of £110K to £120K (average) per unit, subject to a 15 per cent plus VAT reassignment commission on transfer payable to the site.”

Forest of Dean holiday park under offer

Although well suited to holiday lets, the homes are currently occupied on holiday licences with a 60-year licence term in line with standard form BH & HPA Agreements.

“The uniform pitch fee charge for 2020 was £2,501.86 inclusive of water, sewerage and VAT and is equivalent to a base income stream of £41,000 p.a. After deducting costs of water, VAT and basic maintenance costs including refuse collection, the outgoings are very modest and produce a steady RPI linked rental income with nominal outgoings, management and customer care requirements.

“It is a simple business model and a modern development, in which case further capital expenditure is likely to be minimal.”