Formby Hall Golf Resort & Spa on market for £20m plus
The four-AA-star, 62-bedroom Formby Hall Golf Resort & Spa has gone on the market, with offers in excess of £20m being sought.
Located within 183 acres of parkland on the east coast between Liverpool and Southport, the resort is currently owned by property development company, the Maghull Group.
The resort achieved a 65% increase in pre-profit to £292,714 for the year to 31 March 2014, according to the resort's latest financial accounts, lodged at Companies House. Turnover for the period up by 5.9% to £7.1m.
The resort features several food and beverage outlets including the L37 restaurant and cocktail bar lounge, 19th Hole bar, Java Lounge reception and Spa bistro, alongside two conference and banqueting rooms with the largest catering for up to 280 guests. Its spa includes seven treatment rooms and a 20m swimming pool.
Meanwhile, the golf facilities offers an 18 hole championship course, nine hole course, driving range, shop and PGA Academy with 26 bay driving range. The club currently has more than 500 members.
Paul Collins, executive director of CBRE Hotels, which is handling the sale, said the resort has the potential for considerable growth. "The resort is being sold unencumbered and offers a purchaser the potential to either partner with an international brand/operator or continue trading successfully as an independent resort.
"This is an incredibly unique opportunity and we are anticipating high levels of interest."
