For Sale – Hagley Golf & Country Club, Hagley Nr Stourbridge, West Midlands
Story published at 13:46, Tuesday, August 9th, 2016
Leading real estate adviser Bilfinger GVA is instructed to bring Hagley Golf & Country Club, Hagley, West Midlands to the market. This prestigious golf club is being offered for sale by the Garratt family following the death of the Club’s principal shareholder. Offers in the region of £2.25 million are invited for the freehold property.
Hagley Golf & Country Club is a mature, superbly presented, 18 hole proprietary golf and country club, which hosted the Senior Midlands County Regional Qualifier in 2015; the County Brandhall Golf Vase in 2016; and is the proposed venue for the Worcestershire County Championship in 2017.
The Club’s facilities comprise an 18 hole 6,376 yard (par 72) golf course, a 28 bay floodlit golf driving range, an all-weather short game area, golf academy and pro shop. The golf facilities are complemented by a substantial two storey clubhouse which includes four conference / function rooms, four bars, staff accommodation and a business centre with seven let office suites.
Hagley Golf & Country Club benefits from a highly commercial trading location situated just off the A456, with ease of access to the M5 and Birmingham City Centre (some 11 miles to the east) and c. 238,000 residents within 15 minutes and 1,667,000 residents within 30 minutes’ drive.
The Club achieves a turnover approaching £1.1 million (excluding retail sales) the business mix being 52% membership, range and daily fee income, 44% food and beverage income and 4% miscellaneous income. The highly profitable business has 571 golf members, over 7,000 golf range members, and a strong social membership.
Peter Johnson, Managing Director of Garratt & Co, said: “My family has owned the Club since its inception in 1980 and the land on which it sits for over 150 years. The family is very proud of its long association with the Club and its members. However, recent sad events have encouraged us to offer the Club for sale to enable us to focus on our wider business interests. Our preference is very much to secure a purchaser who will take the Club forward in a manner that we can all continue to be proud of, someone who will endeavour to manage the Club along current lines.”
The sale is being handled by Ben Allen of Bilfinger GVA who commented: “Hagley Golf & Country Club is a fantastic facility, one that has had the benefit of circa £600,000 capital investment in recent years. The whole property is presented to the highest of standards. The Club has the air of a true members club, yet generates a strong operating profit, with potential for further commercialisation. Few Clubs of this calibre come to the market.”
For further information on Hagley Golf & Country Club please contact Ben Allen on 020 7911 2360 or firstname.lastname@example.org
Hagley Golf & Country Club http://www.hagleygolfandcountryclub.co.uk/