International real estate advisor Savills has completed the sale of Riverside Holiday Park, located at Pavenham, Bedfordshire, on behalf of a private client.
The park has been sold for an undisclosed sum to a family-owned caravan park operator.
Riverside Park is an established holiday park overlooking the River Great Ouse in Bedfordshire and prior to the sale it had been in the same family ownership since 1985. The 6.86 acre site benefits from a site licence permitting the siting of up to 55 holiday caravans.
Ian Simpson, director in the leisure and trading team at Savills, comments: “We are delighted to have concluded this sale on behalf of our client. As the park was in their ownership for over 38 years, they were pleased to see it pass to another family-owned operator, who feel that Riverside Park is a great addition to their portfolio, and they plan to continue investing in its future”.