Savills Tees Off Sale of Fingle Glen Golf Hotel, Exeter
Story published at 12:16, Friday, August 29th, 2014
Savills, on behalf of a private client, has brought to the market Fingle Glen Golf Hotel in Tedburn St Mary, close to Exeter, Devon. The freehold property is offered as a going concern with vacant possession at a guide price of £3 million.
Occupying an 112 acre (45 hectare) site, the 18-hole, par 70 golf course extends to 5,744 yards and is situated six miles from Exeter, benefitting from an attractive countryside location with extensive views towards Dartmoor.
The facilities at the property include a two-storey golf clubhouse, which totals 12,072 sq ft (1,121 sq m) and provides a reception, shop, changing rooms and restaurant with a bar on the ground floor and further function space on the first floor. There are also nine en-suite letting bedrooms. Adjacent to the clubhouse is a 12 bay covered, floodlit golf driving range while a modern greenkeepers building is situated close by. The site also features 24 log cabin holiday lodges.
Fingle Glen operates a combination of memberships and green fee golf tariff, offering a broad range of user options for regular golfers and visitors. Income is additionally generated from conferences and functions, including weddings, and the hotel and holiday lodge accommodation. Total turnover is approximately £1.1 million per annum.
Kay Griffiths, associate in Savills hotels & leisure team, comments: “Fingle Glen is an established golf course and venue set amongst attractive countryside whilst also benefitting from the nearby Exeter catchment and passing tourist trade. Moreover, the addition of holiday accommodation available further enhances the property and we expect to see strong interest from a variety of investors.”
For further information contact Kay Griffiths, Savills Tel: +44 (0) 1865 269 109
Further details and images are available via the Savills website