Lakeside Caravan Park, a well-established holiday park in the popular holiday location south west of Sutton on Sea and Mablethorpe has been sold to a local family run business.
The caravan park caters for 69 static and 4 touring caravans and offers a stunning 5.2 acre fishing lake and a fully refurbished four bedroom bungalow with private gardens.
Purchased by Springs Estates, a third generation private family business, Lakeside will complement three other established holiday parks in the area which include Sutton Springs, Trusthorpe Springs and Anderby Springs.
Jane Collier of Springs Estates said; “As a company we have been looking to consolidate and expand, it is also important that we offer the best facilities to our site occupiers. The beautiful fishing lake complements the ethos of our parks which is to provide a peaceful, calm and restful escape from the demands of modern day life.”
The fishing lake at Lakeside will complement Springs Estates existing park facilities including a large heated outdoor swimming pool, and what is considered to be one of the longest fronts on the East Lincolnshire coast at Sutton Springs.
Adam Burkinshaw, Partner in Leisure at Sanderson Weatherall said, “The sale of Lakeside illustrates that the market remains buoyant for high quality caravan parks with an established business along with latent potential to improve facilities and revenues. The recession has seen an increase in ‘staycations’ and despite the challenging climate for caravan sales, occupancy has remained very high at Lakeside which serves as a good marker in an area with such strong competition.
“The acquisition represents a great opportunity for a long established operator to increase their offer in this location.”
Mrs Jane Collier continued, “Our Company has grown organically throughout three generations. We are proud to have our roots in this beautiful part of England and strive to support and reinvest where we can, helping to promote and grow the local economy.”