Description
FOR SALE BY AUCTION – Guide Price £2.75M
Palace Auctions and World of Auctions, joint auctioneers, are delighted to present a unique opportunity to acquire a prime piece of land located at Whitbarrow, Penrith, Cumbria, CA11 0XD.
This greenfield site, is nestled on the north-eastern edge of the Lake District National Park, spans approximately 63.28 acres and comes with planning permission for the development of 103 styled holiday lodges. The sale also includes the additional agricultural land adjacent to the development land, offering potential for additional lodge development, subject to planning.
The land is freehold and is situated approximately 3 miles from Ullswater and 1 mile from the A66. It is conveniently located adjacent to an existing static caravan park and Whitbarrow Hall, a hotel and timeshare location owned by Seasons Holidays.
The site offers a fantastic opportunity for regional or national operators looking for representation in the area. The new owner will have the opportunity to develop a holiday lodge park, benefiting from the profit on the sale of lodges and also ongoing annual pitch fees.
The land boasts a rural aspect and is within an established holiday village location. It is away from the prime and busy tourist spots but within easy reach, offering the best of both worlds. A pub within walking distance adds to the appeal of this location.
Please note, the market value of the site in its existing condition with planning permission for 103 lodges together with 48 acres of agricultural land is £3,550,000.
The guide price of £2.75M is based on the special assumption that a sale is to be completed as quickly as possible .
Don’t miss out on this exceptional opportunity to invest in one of the UK’s most sought-after holiday destinations. Contact Palace Auctions and World of Auctions today to register your interest.
*Please contact the auctioneers for further details.*