Sunnysands Caravan Parks Limited, advised by Savills, has completed the sale of the business, which includes the freehold interest in five holiday parks located in North Wales, to Lyons Holiday Parks, the largest independent holiday park operator in Wales, for an undisclosed amount.
Sunnysands Caravan Parks Limited is a portfolio of five well-located holiday parks in North Wales. These parks include: Parc Caerelwan, Moelfre View Caravan Park, Tyddyn Goronwy and Sunnysands Caravan Park which are all located in the popular coastal location of Talybont, and Snowdon View Caravan Park, the Group’s only inland holiday park, which provides stunning views of the Snowdonia mountains. Combined, the entire estate extends approximately 83.88 acres and offers over 1200 pitches.
North Wales is popular with tourists due to the stunning scenery with many manmade and natural attractions drawing visitors from the major cities and towns of the Midlands and North West England.
Richard Prestwich, Director in the Leisure and Trade Related team at Savills, says: “We have worked with the owners of Sunnysands Caravan Parks Limited for over 50 years and are delighted to complete the sale of these prime located holiday parks to one of the largest holiday park operators in the UK. Holiday Parks continue to draw significant investor interest particularly for assets located in prime tourist destinations.”
The Vendors were supported by legal advisors Slater Heelis.