The East Midlands
Investor Evogo Acquires Award-Winning Lincolnshire Holiday Park for £2m
Caistor Lakes, an award-winning holiday park near Grimsby in the Lincolnshire Wolds, has been sold to Sheffield-based investment company Evogo Group for £1.9m.
The £1m turnover, seven-acre leisure park includes five holiday lodges, pitches for 28 caravans, a 110-cover restaurant and three fishing lakes, along with planning consent for the development of a further 10 lodges. Caistor Lakes is currently undergoing a third phase of development which will see six of the new luxury lakeside lodges completed by April this year.
Established by owner Drew Thompson in 2013, the site has been sold by commercial property estate agent Ernest Wilson.
Michael Peel, sales manager at Ernest Wilson, said: “We are really pleased to have completed the sale of Caistor Lakes, especially in the current economic climate and with the coronavirus restrictions in place.“
“For Mr Thompson, this was an excellent time to sell the tourism business that he had worked so hard to build up. With British holidays looking like
the most likely option for all of us this summer, and with further lodges in the pipeline, Caistor Lakes is a very strong business.”
He added: “Despite the pandemic, Ernest Wilson are seeing the demand for businesses that are up for sale vastly outstripping supply. Many business owners feel that the current economic uncertainty means that this is not a good time to sell, whereas in fact there is huge demand out there. It seems a great many people who have received redundancy settlements are now looking for a change of direction and opting to buy their own business rather than return to the jobs market.”
Caistor Lakes plans to open six new holiday lodges this spring and has guaranteed full refunds on bookings cancelled due to the coronavirus pandemic.
Acquired by property consultant Eddisons in 2019 Ernest Wilson was founded in 1956 and specialises in buying and selling hundreds of small businesses every year, from fish and chip shops to convenience stores and hotels. It has sold businesses worth more than £17m of since the start of the pandemic.
South Holland – Food for Thought
South Holland is at the epicentre of the UK’s agri-food and horticulture supply chain, with some of the most recognisable global brands working in the area. In the last three years alone, over £300 million has been invested into research, innovation and infrastructure as part of plans to make South Holland the most advanced agri-tech cluster in the UK and the centre of the UK Food Valley.
Food producers and manufacturers are in constant collaboration with the area’s specialist research and training centres like the National Centre for Food Manufacturing (NCFM), and the Agricultural Horticultural Development Board (AHDB). This drive for cutting edge R&D is being enhanced by the multi-million pound Food Enterprise Zone in Holbeach which will increase employment space, access to research facilities and enhance the presence of the University of Lincoln, a top 20 UK University.
With ten times the concentration of agri-food and horticulture companies than the national average, South Holland’s specialised economy has given rise to a robust logistics and distribution sector, and created a strong presence of advanced manufacturing within local education centres. Food manufacturing alone accounts for 20% of overall employment in the district, but white collar services have kept up with demand to facilitate business success and sustain economic growth. Plans to enhance research and uptake of advanced technologies in partnership with private sector businesses and the University of Lincoln is underpinned by some of the best performing state schools in the country and a top five further education college, lauded for its links to industry and innovation.
Housing and commercial land are affordable, and the lively leisure and culture offer creates a fantastic environment for growing families. Residents also benefit from a competitive house price to earnings ratio, a healthy living environment with plenty of open space, and a growing jobs market. A base in South Holland puts businesses and commuters within easy reach of urban centres like London, Peterborough, Nottingham
42 Bridge Farm Group development on the outskirts of Spalding
and Birmingham, and provides a strategically advantageous location for businesses that need to rapidly move products via road, rail and commercial ports.
The local authority’s pro-growth agenda and ‘open for business’ policy actively supports rapid business development. It aims to be a partner to the businesses working and expanding their presence in the district, and organisations looking for a highly competitive UK base. Businesses can get support through the planning process, access to grant funding, receive help to find and develop local talent, and develop connections with relevant service providers and the wider supply chain to create a vibrant district economy.
Please visit
www.sholland.gov.uk or call 01775761161
COMMERCIAL PROPERTY MONTHLY 2021
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