Christie & Co secure sale of Adventure Golf development site
Acting on behalf of multi-site mini golf operator, Adventure Experience, Christie & Co has sold the lease of the company’s development site in Nottingham to Skegness headquartered leisure and entertainment operators, Teen Spirit.
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The development will occupy a high-profile site within Stockhill Park at the junction of the A610 Nuthall Road and Stockhill Lane, midway between junction 26 of the M1 motorway and Nottingham city centre.
Planning and full design is in place for the construction of an 18-hole adventure golf centre, with a former pavilion building to be refurbished as a retail kiosk, together with associated car parking on a site of approximately 1.5-acres.
As part of the transaction, Teen Spirit has entered into a new 25-year lease with Nottingham City Council, with construction due to commence early in 2023.
Scott Sinclair, Managing Director of Adventure Experience commented, “Following the opening of our latest Jurassic Island adventure golf centre in Harrow this summer and with the remainder of our portfolio being located in and around the M-25, we took the strategic decision to focus our activities in the south of the country.”
Director of Teen Spirit Charlton Cooper added, “Our current portfolio of businesses including the likes of Skegness Aquarium, the Tower Cinema and a variety of family entertainment centres including our own adventure golf operation is focussed on coastal locations. The opportunity to grow the adventure golf business and incorporate a more suburban concept with a fantastic catchment and with planning already in place fitted our plans perfectly.”
Head of Leisure & Development at Christie & Co Jon Patrick who brokered the sale concluded, “The adventure golf market has changed over the last few years with a drive towards indoor concepts from a variety of operators. However, the outdoor version is arguably a more straightforward business to operate and with the growth in on-line booking and CRM marketing, the ability to manage these types of business as well as optimise the customer experience can deliver excellent returns on investment.”
For further information on this press release, contact:
Bronte Hughes, Corporate Communications Executive
P: 020 7227 0794 or E: bronte.hughes@christie.com
Contact the agent:
Jon Patrick, Head of Leisure & Development
M: 07831 263 529 or E: jon.patrick@christie.com
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