Leisure - Client Profiles

London mortgage broker

Brief

Value the freehold interest in a well-known west London wedding venue and country club.

Property

Approximately 33,000 sq ft venue comprising:

  • Three large function rooms (total capacity of: 1,000 guests)
  • A 29-acre site (including a disused 9-hole golf course)
  • Parking for 200+ vehicles

Result

The analysis provided helped the client understand where the trading potential was not maximised and therefore how business performance could be improved (with capital investment and competent management), market share increased and ultimately, Market Value enhanced.

National bank

Brief

Value the freehold interest in an established family run holiday park on the Isle of Sheppey.

Property

The park, which traded for eight months of the year, comprised:

  • 329 wooden chalets
  • 22 brick built chalets
  • A large bar/clubhouse
  • There were no planning restrictions on it trading all year round

As there had been no significant investment for some time, the valuation was required to enable the purchaser to embark on a refurbishment programme to grow the business and increase chalet sales. We valued the property based on an eight-month season and a 12-month season to ensure the full trading potential was considered.

Result

The valuation enable the purchaser to commence a refurbishment programme and implement its chalet refurbishment plan.

National bank

Brief

Undertake a valuation for secured lending purposes of a marina in Preston, including an associated office and workshop.

Property

Marina with 270 moorings across three basins, which can facilitate narrowboats, wide beams and cruisers.

Result

A review of trading accounts showed turnover was increasing year on year, although there were some falls in operating profit - by communicating with the bank's customer, we were able to understand the reasons for this. The property was valued at in excess of £1,700,000 and the report was completed within two weeks of instruction.

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