Loading...
Auction Property

Tee Off! Is that really a golf course in London for sale?

Yes. Yes it is.
West Middlesex Golf Club is up for sale with a guide price of £1 million and 50 grand.
The site is being sold on behalf of Joint Administrators and is approximately 50.84 hectares (125.63 acres) and comprises an 18 hole, 6,127 yard, par 69 golf course. The site is long leasehold for a term of 99 years from 4 April 2001 (thus having approximately 81 years unexpired) at a peppercorn rent.  The freeholder is London Borough of Ealing.
The property includes a clubhouse with attached staff accommodation, green keeper’s complex, storage building and a pair of semi-detached houses. A small parcel of land with banqueting hall to the south of the site is currently occupied by a third party.

Established in 1891, the golf club is one of the closest clubs to central London (approx 11 miles away).
Further information provided by the auctioneer includes:
Tenancy

We understand the banqueting hall has been let on a licence to an operator since 2014. The current rent is believed to be in the region of £20,000 – £30,000 per annum. The pair of semi-detached houses are separately let on assured shorthold tenancies (ASTs). Prospective purchasers are advised to refer to the legal documents.

Trading History

West Middlesex Golf Club was established in 1891 and is operated as a private members’ golf club under the company name of The West Middlesex Club Limited. which was placed into Administration in December 2019. The Company currently employs twelve full time staff and unaudited financial statements for the year ending 31 December 2018 can be summarised as follows:

Turnover 2018 (£)
Subscriptions 293,330
Green fees 8,680
Competition fees 3,484
Social events (2,660)
Rent receivable 25,200
Bar sales 86,126
Hall hire (105)
Total 414,055
Cost of sales (78,715)
Gross profit 335,340
Other operating income 13,108

 

Overheads 2018 (£)
Selling & distribution expenses 235,723
Administration expenses 72,851
Establishment expenses 53,348
Operating (loss)/profit (13,474)
Interest payable 31,302
(Loss)/Profit for the year (44,776)

*Further information is available by contacting BidX1

Golf Membership

There are currently in the order of 347 members across all membership tiers ranging from full and life members to social and honorary members (a full breakdown of the current membership can be found within the legal pack). Typical membership fees for the current season are as follows:

Category Cost (£)
Full 1,440
5 Day 990
Junior (age dependent) 50 – 950
Colt (30-35 years) 999

 

Green Fees

Green fees are currently £15 – £24 on weekdays and £30 – £40 at weekends. There are some special offers currently available and the green fee for Under 18s accompanied by an adult is currently £10. A full breakdown can be found at www.westmiddlesexgolfclub.co.uk.

Grounds Maintenance Equipment

There are a number of items of golf course maintenance equipment that are mainly held on finance agreements.

West Middlesex Golf Club, Greenford Road, Southall, UB1 3EE will be sold on 12 March. For more information contact the auctioneers

 

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.