HIGHGROVE CLOSE MOBILE HOME PARKOULTON BROAD • LOWESTOFT • SUFFOLK

HIGHGROVE CLOSE MOBILE HOME PARKHIGHGROVE CLOSE • OULTON BROAD

LOWESTOFT • SUFFOLK • NR32 2RG

Lowestoft 2.1 miles • Great Yarmouth 9.6 miles • Norwich 26.6 miles (all distances are approximate)

Attractive and well established park home estate in Suffolk with some development potential.

BACKGROUNDThe park home estate was developed in two phases over several years. The first phase commenced in

1982 and the second in the early 1990s.

The Estate was developed by Timewell Properties Ltd t/a Blue Sky Homes, an experienced Norfolk based holiday park and leisure operator who have developed several parks across Norfolk.

Highgrove Close is being offered to the market for the first time since development.

SAVILLS LONDON33 Margaret StreetLondon, W1G 0JD

SAVILLS OXFORDWytham Court,11 West Way

Oxford, OX2 0QL

SAVILLS CHESTER16 Grosvenor Court,

Foregate StreetChester, CH1 1HN

SAVILLS EXETERSterling Court17 Dix’s Field

Exeter, EX1 1QA

LOCATIONHighgrove Close is located centrally within the residential area of Lowestoft, to the west of the town centre.

Lowestoft is a principal town located on the east coast of Norfolk which like Great Yarmouth is reliant upon seasonal holiday business as well as local industry, some of which is derived from coastal operations.

The main A12 coastal road runs through Lowestoft, providing access to Great Yarmouth and Norwich via the A47

Highgrove Close Mobile Home Park is accessed via Fir Lane, which adjoins its south eastern boundary.

SUMMARY OF ACCOMMODATIONTarmac roads provide access from Fir Lane to each park home pitch. The majority of pitches have parking off the road and some have garages. There is an additional area of communal parking on the north eastern part of the property.

The site is laid out to provide 46 mobile home pitches comprising 34 twin and 12 single 12 foot wide pitches.

The site is relatively flat, apart from at its south western corner where the land falls steeply to the south into a small lower lying area of open land. This area of land might be suitable for the siting of two or three further park home pitches, although planning permission would be required and some tipping/levelling on the site may be needed to accommodate additional park homes.

THE BUSINESSThe trading performance of the business over the last three years can be summarised as follows: -

YE 31 March 2017 (£)

YE 31 March 2018 (£)

YE 31 March 2019 (£)

Agency 6,667 21,542 53,583

Rents Receivable 55,813 57,977 61,659

Insurance Agency 320 267 251

New Homes 0 171,698 0

Total Income 62,800 251,484 115,493

The agency income refers to commission the business receives for any park home sold on the site by an existing park home owner.

In 2019 the pitch fees range from £1,185 to £1,546 per annum.

Full accounts and information regarding individual pitch fees can be found on the online data room prepared for the sale.

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The Cartographic & Design Team, Wessex House, Wimborne, Dorset. BH21 1PBTel: (01202) 856800

NOTE - Reproduced from the Ordnance Survey Map with thepermission of the Controller of H.M. Stationery Office.© Crown copyright licence number 100024244 Savills (UK) Limited

Date: 06/09/2019MCL: 26640/HIGHGROVE CLOSE NT 2

NOTE - Published for the purposes of identification only andalthough believed to be correct its accuracy is not guaranteed.

IMPORTANT NOTICE:Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Photographs taken June 2019. Sale particulars prepared September 2019 JM 19/09/17 Kingfisher Print and Design Ltd. 01803 867087.

SERVICESWater: Mains water is supplied and connected to each mobile home, the occupier pays the utility company directly.

Drainage: The property is connected to mains drainage which serves each mobile home. The occupier pays the utility company directly.

Electricity: Mains electricity is supplied and connected directly to each mobile home, occupiers pay their chosen utility provider directly.

Gas: Mains gas is supplied and connected each mobile home, occupiers pay their chosen utility provider directly.

FIXTURES, FITTINGS AND EQUIPMENTThere are limited fixtures, fittings and equipment at the property. A full list can be found on the online data room.

TOWN AND COUNTRY PLANNINGThe local planning authority is: -

East Suffolk Council East Suffolk House Station Road Melton Woodbridge IP12 1RT Telephone: - 0333 016 2000 Website: - https://www.eastsuffolk.gov.uk/

The original planning permission for the park home estate was provided in two separate applications.

In 2019 permission was gained to create an additional mobile home plot on the site, which is located to the north of the site.

Subject to planning there may be potential to develop additional pitches on the south west corner of the site.

SITE LICENCEThe park is currently operated with the benefit of a caravan site licence dated 3 September 2004. The site licence permit siting of 46 residential caravans or park homes on the site.

COUNCIL TAXCouncil tax charges for the mobile homes are paid directly to the local authority by the park home owners.

TENURE AND BASIS OF SALEThe freehold interest in the property is held.

Mobile home pitches are occupied under standard mobile home pitch licence agreements and all mobile homes on the site are owned by the pitch occupiers. The pitch licence agreement provide for commission of 10% to be paid to the freehold owner upon sale of any park home by a pitch occupier.

Offers are invited for the freehold interest in the property upon the following basis:-

• Vacant possession will be provided upon completion subject to the existing mobile home pitch licence agreements.

• Fixtures, fittings and equipment are included in the sale.

TUPENo employees will be transferred upon sale of the asset.

FURTHER INFORMATION AND VIEWINGSAn online data room providing detailed information in relation to the property and business is available to seriously interested parties, subject to signature of a confidentiality agreement.

Viewings are to be undertaken strictly by appointment through the selling agents, in order to avoid disruption or intrusion upon occupiers of the mobile homes.

For further information or to arrange a viewing, please contact Savills, Wytham Court, 11 West Way, Oxford, OX2 0QL:-

Contact: Justine Morris +44 (0) 1865 269 024 +44 (0) 7870 999 245 jmorris@savills.com

Contact: Ian Simpson +44 (0) 1865 269 022 +44 (0) 7967 555 478 isimpson@savills.com

DIRECTIONSThe postcode of the property is NR32 2RG.