Peter Horner, Partner in the Real Estate Unit at Langleys, comments: “In the last 12 months the holiday park market has experienced a slump in activity as a result of lack of confidence from purchasers and sellers and a shortage of funds from lenders. This deal however is one of a number of holiday park acquisitions to complete in the last few of months, demonstrating an increased level of activity and confidence in the marketplace.”

Langleys worked with the sellers to negotiate the detailed terms of the sale including arrangements in connection with the transfer of the business of the caravan park and park homes activity, and the clubhouse and bar. Hawthorn Caravan Park is located on the outskirts of the peaceful village of Bempton, with the seaside resort of Bridlington just a short drive from the park. The caravan park hosts 119 owner occupied caravan and chalet holiday homes, which are available to hire or purchase.