A group of 5 established holiday lodge and residential parks set across 3 sites

Introduction

The 5 parks are all located in picturesque coastal locations across 3 separate sites in Groomsport, Ballyhalbert and Cloughey on the Ards Peninsula in Northern Ireland.

The portfolio offers a rare and exciting opportunity with a unique scale for investors / operators to enter the market to grow and enhance the parks.

There is immediate scope to increase turnover through a combination of unit sales, pitch fees and adding new on park amenities.

The parks are available on a group basis, however, premium offers may be considered for each of the 3 sites on an individual basis.

The three park sites for sale listed below are situated on the Ards Peninsula in County Down, Northern Ireland.

• Windsor Holiday Park / Seahaven Residential Park in Groomsport, approximately 13 miles from Belfast

• Ballyhalbert Residential and Holiday Park in Ballyhalbert, approximately 23 miles from Belfast.

• Cloughey Holiday Park in Cloughey, approximately 27 miles from Belfast.

Windsor Holiday Park and Seahaven Residential Park, Seahaven Road, Groomsport, Bangor, Country Down BT19 6PH

•The site is situated approximately 13 miles north-east of Belfast and approximately 4 miles to the north-east of Bangor at the coastal periphery of the village of Groomsport which boasts a variety of local amenities.

•The A2 Belfast/Bangor Road is the principal route to Belfast and the A21 acts as Bangor’s main southern arterial route connecting with Newtownards and the A20.

•The property benefits from two separate access points from the A2 Donaghadee Road with pleasant rural surroundings.

•These high-quality park has spectacular sea views and is situated on the edge of the village of Groomsport, with shoreline walks to Bangor; making the most of the setting.

•These adjoining holiday and residential parks operate as a single asset.


Ballyhalbert Holiday & Residential Park, 96 Shore Road, Ballyhalbert, Newtownards, County Down BT22 1BJ

•The small fishing village of Ballyhalbert has the distinction of being the most easterly point in Northern Ireland.

•The parks are set a little further down the coast from Windsor Holiday Park and Seahaven Residential Park and similarly form 2 adjoining parks operated as a single asset.

•The caravan park comprises a former RAF air base which was decommissioned in the mid 1940s then sold in the 1960s where it has operated largely since as a caravan park.

•The park is situated approximately 23 miles to the south east of Belfast and approximately 15 miles south east of Bangor.

•Settlements within the peninsula comprise Portaferry, Millisle, Donaghadee and Portvogie.


Cloughey Holiday Village, 55D Main Road, Cloughey, County Down BT22 1JB

•The Park is situated approximately 27 miles southeast of Belfast and approximately 19 miles south-east of Bangor, 5 miles to the south of Ballyhalbert and at the periphery of the village of Ringboy.

•The property is accessed principally from Main Road (A2) and set back behind residential dwellings and bound by the coastline with beach frontage to the east.

•Cloughey Holiday Village has a tranquil setting on the edge of the village and benefits from direct access to the beach with stunning sea views.

•The area is popular with tourists and holidaymakers, being accessible while offering relaxation and a range of outdoor activities and places of interest.


The Business

The parks have performed on a consistent basis throughout recent times with each being well placed to capture revenue as consumers continue to consider travel and tourism as a top priority despite economic headwinds, with the parks providing a secure income.

Each park is operated individually within the Group with a head office undertaking high level functions such as VAT, payroll, accounting and statutory obligations.

The parks operate on a predominately holiday/second home ownership and residential trading model in which income is generated from static and residential caravan sales and pitch fees; with the pitch fee and rental income providing a relatively consistent core income.

Private owners are issued with a pitch licence agreement / mobile home agreement and there remain significant opportunities for caravan sales with high sales values achievable on vacant pitches.

We believe that scope exists to further grow revenue and profitability for the following key reasons:

• Strong local market reputation, with opportunity to cross sell units across the portfolio;

• Each park offers a distinctive experience whilst at the same time having synergy across the group;

• Excellent locations in and around popular areas;

• Additional land and planning / development upsides;

• Increase sales profits and conversion and increase pitch occupancy.

The portfolio offers an exciting opportunity to acquire an established group of parks in Northern Ireland to either create or add to an existing portfolio.

Location

County Down boasts some of the most picturesque coastline and countryside in Northern Ireland. The dramatic scenery includes the beautiful mountains of Mourne and Strangford Lough, pretty coastal villages and other places of interest in the region.

The towns of Newtownards and Bangor offer an excellent range of shopping facilities and other amenities and are both easily accessible from the parks.

Due to its accessibility, range of visitor attractions, local services and natural beauty, the area has become hugely popular as a family holiday destination and place to retire.

Belfast is served by two airports with George Best Belfast City Airport offering daily services to the rest of the UK and Belfast International offering domestic and European flights.

Belfast is also a busy port with passenger ferry services operating to both Stranraer and Liverpool. Major road and rail links include cross border routes to Dublin.