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John D Wood & Co - Oxford Sales
235 Banbury Road, Summertown, Oxford, OX2 7HN
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An opportunity to acquire freehold or leasehold a profitable golf centre on the edge of Milton Keynes with strategic development potential.
For sale as a whole by informal tender 22 July 2009.
Introduction Wavendon Golf Centre is located at the south eastern edge of Milton Keynes. A successful business lying in a strategic location for the future development of Milton Keynes, the property offers the opportunity for a purchaser either to acquire a golf related business with development potential or simply a strategic opportunity with an income from the Golf Centre with potential for development initially over the 9 hole course land before 2015 together with a longer term position over the 18 hole course land.
The Golf Centre Wavendon Golf Centre extending to 54.87 hectares (135.58 acres) was started in 1989. The Centre offers the most comprehensive range of golf facilities immediately available to Milton Keynes and includes a par 3 nine hole course, par 69 eighteen hole course, pitch and putt, club shop, restaurant, bar and entertainment/conference facilities together with a floodlit driving range which has planning permission to add an extra storey.
Planning Position Wavendon Golf Centre, as shown on the plan hatched red, lies within the South East Milton Keynes Strategic Development Planning Area. The land to the north of the 9 hole course (hatched blue) is allocated for development under the Milton Keynes Eastern Expansion Area and to the East and West are two current strategic reserve sites as set out in the Milton Keynes Local Plan 2001-2011 (hatched green). The Wavendon Golf Centre has, therefore, significant development potential to be promoted as a part of the development in excess of 4,500 dwellings due to be created in the south east of Milton Keynes on the 9 hole course land and to promote the 18 hole land for the potential 5,600 dwellings, subject to their inclusion with the East of England Regional Spatial Strategy. Milton Keynes Council have endorsed the proposal for the south east growth area to extend from Wavendon to J13 on the M1.
Potential Leaseback The Wavendon Golf Centre is available freehold or leasehold. The existing management (under the name Milton Keynes Golf Limited) has indicated they would be interested in taking a lease at a rent of £150,000 pa over the whole of the golf centre. This represents an excellent opportunity for a developer to receive an income from the site pending the grant of planning permission, when the lease would fall in.
Tenure & Possession Wavendon Golf Course is offered freehold with vacant possession over the whole.
Planning Authority Milton Keynes Partnership, 414-428 Midsummer Boulevard, Central Milton Keynes MK19 2EA. Telephone: 01908 353636, Email: enquiries@miltonkeynespartnership.info
Uplift Clause The 18 hole course is offered for sale subject to a 60% uplift clause in favour of previous owners based on the increased value between existing use and with the benefit of planning for development. Further details are available from the Agent.
Brochure Link
Particulars
For sale as a whole by informal tender 22 July 2009.
Introduction Wavendon Golf Centre is located at the south eastern edge of Milton Keynes. A successful business lying in a strategic location for the future development of Milton Keynes, the property offers the opportunity for a purchaser either to acquire a golf related business with development potential or simply a strategic opportunity with an income from the Golf Centre with potential for development initially over the 9 hole course land before 2015 together with a longer term position over the 18 hole course land.
The Golf Centre Wavendon Golf Centre extending to 54.87 hectares (135.58 acres) was started in 1989. The Centre offers the most comprehensive range of golf facilities immediately available to Milton Keynes and includes a par 3 nine hole course, par 69 eighteen hole course, pitch and putt, club shop, restaurant, bar and entertainment/conference facilities together with a floodlit driving range which has planning permission to add an extra storey.
Planning Position Wavendon Golf Centre, as shown on the plan hatched red, lies within the South East Milton Keynes Strategic Development Planning Area. The land to the north of the 9 hole course (hatched blue) is allocated for development under the Milton Keynes Eastern Expansion Area and to the East and West are two current strategic reserve sites as set out in the Milton Keynes Local Plan 2001-2011 (hatched green). The Wavendon Golf Centre has, therefore, significant development potential to be promoted as a part of the development in excess of 4,500 dwellings due to be created in the south east of Milton Keynes on the 9 hole course land and to promote the 18 hole land for the potential 5,600 dwellings, subject to their inclusion with the East of England Regional Spatial Strategy. Milton Keynes Council have endorsed the proposal for the south east growth area to extend from Wavendon to J13 on the M1.
Potential Leaseback The Wavendon Golf Centre is available freehold or leasehold. The existing management (under the name Milton Keynes Golf Limited) has indicated they would be interested in taking a lease at a rent of £150,000 pa over the whole of the golf centre. This represents an excellent opportunity for a developer to receive an income from the site pending the grant of planning permission, when the lease would fall in.
Tenure & Possession Wavendon Golf Course is offered freehold with vacant possession over the whole.
Planning Authority Milton Keynes Partnership, 414-428 Midsummer Boulevard, Central Milton Keynes MK19 2EA. Telephone: 01908 353636, Email: enquiries@miltonkeynespartnership.info
Uplift Clause The 18 hole course is offered for sale subject to a 60% uplift clause in favour of previous owners based on the increased value between existing use and with the benefit of planning for development. Further details are available from the Agent.
Brochure Link
Particulars
property reference: JDWN4179799
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