Sheffield investment company acquires holiday park in £1.9m deal

A Sheffield investment company has announced that it has acquired a holiday park in a deal worth nearly £2m.

Evogo Group has purchased Grimsby holiday park Caistor Lake for £1.9m as the park undergoes the third phase of its development.

The site, which has been sold by Leeds commercial property estate agent Ernest Wilson, includes five holiday lodges and three fishing lakes, with planning consent also granted for a further 10 lodges.

Michael Peel, sales manager at Ernest Wilson, commented: “We are really pleased to have completed the sale of Caistor Lakes, especially in the current economic climate and with the coronavirus restrictions in place.

“For Mr Thompson, this was an excellent time to sell the tourism business that he had worked so hard to build up.

“With British holidays looking like the most likely option for all of us this summer, and with further lodges in the pipeline, Caistor Lakes is a very strong business.”

“Despite the pandemic, Ernest Wilson is seeing the demand for businesses that are up for sale vastly outstripping supply.

“Many business owners feel that the current economic uncertainty means that this is not a good time to sell, whereas in fact there is huge demand out there.

“It seems a great many people who have received redundancy settlements are now looking for a change of direction and opting to buy their own business rather than return to the jobs market.”