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For sale

Wildwood Park

Siddington Road

Cirencester

Gloucestershire

GL7 1PL

A prime park home estate with high

pitch fees and strong assignment

income.

January 2020

08449 02 03 04

avisonyoung.co.uk/15423

Wildwood Park

Siddington Road

Cirencester

Gloucestershire

GL7 1PL

Summary

─ Mature park home

estate

─ Prime location in

popular Cotswold town

─ 73 privately occupied

pitches

─ 72 garages: 18 privately

owned, 52 rented and 2

vacant.

─ Office building

─ High pitch fees and

consistent assignment

income

─ Site area approximately

2.81 ha / 5.63acres

Wildwood Park, Siddington Road, Cirencester, Gloucestershire GL7 1PL


Background

Wildwood Park is a mature park home estate on

the edge of Cirencester developed to a high

standard. The park is fully developed with owner

occupied pitches and garages and provides

strong pitch fee income supplemented by good

levels of assignment commission.

Location

The park is located on the southern edge of

Cirencester adjoining a good quality private

housing development and open countryside. The

town centre is approximately 1 mile.

Cirencester (population 19,000—2011 Census) is

the largest town in the Cotswolds and contains an

extensive range of services, shops and facilities.

Wildwood Park has excellent road

communications with the A417 trunk road close by

giving direct access to the M4 at Swindon and M5

at Gloucester.

Mainline rail services are available at Kemble ,

approximately 5.5 miles, with direct services to

Cheltenham and London.

The approximate distance and driving times are as

follows:

Description

Wildwood Park is a fully developed park home

estate comprising 73 pitches all privately

occupied. In addition there are 72 single garages,

62 of which are beside pitches with the remainder

arranged in 2 separate blocks around the park. 18

of the garages adjacent to the pitches are

privately owned.

The park is accessed through the adjoining

housing development with the park effectively

forming an extension to it.

The homes are arranged in several areas around a

large central green and occupy generous plots,

the majority with garages. A single storey building

near the park entrance provides an office facility

and pumping station.

Illuminated tarmac roads serve the pitches which

radiate around the park providing a number of

cul-de-sac areas.

The current homes are all privately owned and

comprise:

Single 3

Twins or 12’ wide 70

Total 73

Services

The property is connected to mains electricity, gas,

water and drainage via a 2 pumping stations

located on the park.

Electricity is metered to each home and charged

to residents by the park.

Water and drainage is metered to the park and

charged to residents on a mix of sub meters and a

proportional basis to each home. Each home is

charged a quarterly charge of £14.20 (£56.80 pa)

plus an admin fee for known maintenance of the

pumping stations.

Gas is metered individually to each home by their

chosen utility supplier.

Planning

The property has the benefit of planning

permission Ref CT/1601/A for the use of the land

as a caravan site

Location Distance

(Miles) Travel Time

Swindon 16 35 minutes

Bristol 40 1 hour

Bath 35 1 hour 10 minutes

Oxford 38 1 hour

London 92 2 hours 30 minutes


Site licence

The property has the benefit of a site licence

issued by Cotswold District Council dated 8

January 2020.

The business

The income is derived from a combination of pitch

fees from private homes, rent from park owned

garages and assignment fees from home sales.

Pitch fees

The 73 pitch fees range from £143.73 to £190.23

per month with an average of £166.21 and a

monthly total of £12,133.87. The pitch fees are

reviewed annually on 1st April in line with the

increase in the Retail Prices Index.

The annual pitch fee income is £145,606.44

In addition there are 54 garages owned by the

park 52 of which are currently rented and 2

vacant. The monthly fees are either £24.18 or

£31.32. The fee is increased annually on 1st April in

line with the increase in the Retail Prices Index.

The annual garage income is £18,139.68

The total annual pitch fee and garage income is

£163,746.12

Commission income

Additional income is generated from the

commissions, levied at 10%, on the assignment of

the privately owned homes, details of which are

set out below:

Tenure

A property is held freehold subject to the

occupied residential pitches which are held on

standard Written Statement Agreements.

Asking Price

£3,250,000 for the freehold property and business

as a going concern. In the first instance the

vendor seeks offers on the basis of the freehold

asset sale as a going concern.

The property will be sold via 100% of the share

capital in Wildwood Park Holdings Limited whose

sole asset is Wildwood Park with the sale price

adjusted at completion to reflect monies in the

company, stock etc.

Contact

For further information please contact the

vendor’s sole agents Avison Young:

Philip Gibson

Tel: 0121 609 8689

Email: [email protected]

John Mitchell

Tel: 020 7911 2489


Year End No. Assign- Gross income

2016 6 £58,200

2017 8 £67,450

2018 5 £62,050

2019 3 £32,000

Total 19 £219,700

Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors

lessors of this property whose agent Avison Young is )in this brochure is provided on the following conditions:

(1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do

not constitute an offer or contract, or part of an offer or contract.

(2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and

occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any

intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves

of their correctness by inspection or otherwise.

(3) No person in the employment of Avison Young, or any joint agents, has any authority to make or give any

representation or warranty whatsoever in relation to the property or properties in this brochure.

(4) All prices quoted are exclusive of VAT.

(5) Avison Young shall have no liability whatsoever in relation to any documents contained within the brochure or any

elements of the brochure which were prepared solely by third parties, and not by Avison Young.

For further information please contact:

Avison Young

3 Brindleyplace, Birmingham B1 2JB

Avison Young is the trading name of GVA Grimley Limited. © 2019 GVA Grimley Limited

Philip Gibson

Tel: 0121 609 8689


John Mitchell

Tel: 020 7911 2489


Property ref

avisonyoung.co.uk/15423

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