Christie & Co announce freehold investment sale of the National Horseracing College
Specialist business property adviser, Christie & Co, is pleased to announce the sale of the freehold, long income investment of the renowned National Horseracing College (“NHC”) on behalf of the owners of Rossington Hall near Doncaster.
As only one of two specialist horse racing training centres of excellence in the UK (the other being Newmarket), this rare investment opportunity has been acquired by the Hogarth family where Father Harry, based out of Stillington, North Yorkshire has trained racehorses for the best part of 20 years following a career in financial services with the Prudential.
The NHC occupies a site extending to approximately 66 acres within the wider Rossington Hall Estate, which is situated around 5 miles south of Doncaster and junction 3 of the M18 motorway, with Doncaster Sheffield Airport nearby.
Occupied under the residue of a 99-year lease from January 1996, the site has been in existence here since 1984 when originally called South Yorkshire Apprentice Racing Training School.
The investment was sold off an asking price of £1,350,000 achieving a net initial yield of 3.5%.
Jon Patrick, Head of Leisure & Development at Christie & Co who oversaw the sale process comments, “The Long Income Investment Market continues to be particularly active at present with strong investor appetite specifically targeting the “alternatives” investment space. Underpinned by a significant land and real estate element, together with a high calibre, long-established and stable covenant in the NHC, it is rewarding to see the college investment going to a buyer with specific industry knowledge and a passion for all things equine.”
The purchaser was advised by Stephen Hamer of Stewart Montrose and solicitors DWF. Kenyon Son & Craddock represented the vendor.
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