Holiday park bought in £4m deal

The South Shore Holiday Park in Bridlington, which went into administration in October, has been sold to an un-named property company for around £4m.

By The Newsroom

Published 29th Apr 2010, 13:02 BST

Updated 29th Apr 2010, 13:02 BST

The 16.7 acre site was sold by Colliers CRE on behalf of the administrators, BDO. The park includes 244 chalets and a beachfront complex.

Richard Moss, associate director of recreational property at Colliers CRE, said: "South Shore Holiday Park is a good investment as it has an established annual ground rent income and the planning permissions already in place means it has a great deal of potential.

"The park already has a lot of facilities catering for all ages. With plans already progressing for the north's second largest marina in Bridlington, it is hoped the area will continue to attract more visitors."

Bridlington