Peebles housing put on hold as Rosetta holiday park is sold for £3m
One of the Borders’ largest holiday parks has been sold for more than £3m in anticipation of an increase in people taking breaks closer to home following the current coronavirus pandemic.
Rosetta Holiday Park at Peebles has been sold by Nottinghamshire County Council’s pension fund to London firm Darwin Alternative investment Management.
The mixed-use holiday park, covering 48 acres, comprises 252 lodges, static caravans, touring caravans and tents.
It sits within the grounds of B-listed Rosetta House, a mansion dating back to 1802, alongside a walled garden and the B-listed Rosetta Lodge gatehouse.
The park’s facilities include converted stable buildings accommodating the Hayloft Bar, beer garden, restaurant, laundrette, toilet block and games room.
Richard Prestwich, director in the leisure and trade team at sales agent Savills Chester, said: “Situated on the edge of the picturesque market town of Peebles, Rosetta Holiday Park benefits from beautiful rural surroundings, as well as strong nearby amenity.
“Already a popular tourist location, this was an excellent opportunity for the purchaser to acquire a successful and well-established business.
“This latest sale proves that appetite remains for good-quality product that is likely to attract a significant number of visitors once the market returns as British holiday makers look set to favour domestic destinations due to ongoing restrictions on international travel.”
The park was previously owned by Windsor Holiday Parks and 57 Leisure Parks and was sold for £2.65m in October 2009, prior to those companies going into administration one year later, to Nottinghamshire County Council’s pension fund.
In 2013, Aberdeen Asset Management unveiled plans for a mixed-use development comprising new housing, relocation of the caravan park and static pitches and erection of a facilities building and sales office at the park.
That application, unpopular with nearby residents, is still awaiting a decision.
A Savills spokeswoman added: “The site sold much quicker than anticipated and as such Savills were unable to complete the planning process prior to the property completing. The planning will now be handled by the purchaser’s internal planning team.”