The future of a West Yorkshire golf club is secure after being bought by a local businessman off an asking price of £600,000.
Silsden Golf Club in the village of High Brunthwaite near Keighley had looked to be on the brink of closure due to mounting debts. Now with the new golfing season about to start the club’s 130 members can take to the fairways with renewed optimism.
The terms of the deal mean the club will lease the 18 hole par 67 course, members’ bar, locker room and greenkeeper’s store from the new owner who in turn plans to redevelop the clubhouse and function suite into a family home.
The sale of the 58 acre site was completed by the Leeds office of Chartered Surveyors Eddisons, acting on behalf of Fixed Charge Receivers of the Silsden Golf Club.
John Padgett Head of Agency at Eddisons said: ‘We are delighted to have completed this deal and achieved the best possible outcome for the club and its members.’
Club Chairman Martyn Twigg said the sale brings to an end many months of anxiety as the committee struggled to keep the club afloat.
‘It has been an extremely difficult time and has led to many sleepless nights. At long last we can put the problems behind us, the debts have been cleared and we can now concentrate on playing golf,’ he said.
John joined Eddisons in 1980 and as Head of Function for Agency, he manages business activities throughout the North of England. He is actively involved in the regional markets with owner-occupiers and property companies and developers. His development of close links to local communities over a sustained period has provided and maintained a constant source of instructions from professionals and business alike.
Significant project experience over three decades of service includes sales of 400,000 sq ft of industrial units on the Euroway Estate in Bradford to a number of logistics and manufacturing firms in a £13.5m deal. Further sales highlights include a 250,000 sq ft mill complex on behalf of receivers, and co-ordination for a recent project involving £10m of student block investment disposals.
John’s approachable and willing nature also ensures highly efficient client liaison and he acts on behalf of some of Eddisons’ major clients, including PPG Ltd, ISG plc, major banks and IPs to name just a few.
A passionate life-long supporter of his beloved Bradford City Football Club, John is happy to provide the benefit of his extensive knowledge, experience and contacts when discussing all things Valley Parade.