A South Yorkshire golf club with a nine-hole course, driving range and carp lake has been bought for a six figure sum with the help of Wake Smith Solicitors.
Golf professional Andy Carnall, his partner Frances Lilly and business partner Alan Wildbore bought Barlborough Links Golf Club from Grantham Industries.
Wake Smith in Sheffield advised on the purchase of the club, which has an array of facilities within its 95 acres, including a nine-hole golf course, a floodlit 12-bay driving range, nine-hole FootGolf course and eight-peg fishing lake.
Since taking ownership late last year, the new owners have already made a five-figure investment in the pay and play club’s infrastructure, including opening a new coffee shop, new machinery and job creation.
Carnall, former golf general manager at Sheffield International Venues, said: “The course has been open since 1999 but had received little investment and had seen the facility decline in recent years. A fire also wiped out the clubhouse in 2009.”
“It was the right time to buy the business. We are a small, family-run company which is committed to helping the club achieve its potential and have set out a five year investment plan to develop the facility.”
Carnall added: “I believe the club holds extensive opportunities to improve and enhance its overall offering with plenty of scope for development. We are convinced that we can develop the facilities we have, encourage membership and establish the facility as one of South Yorkshire’s best pay and play nine-hole facilities especially aimed at the beginner and improver end of the market.”
“We have already started on that journey with investment into the infrastructure including a new reception and coffee shop, new greenkeeping machinery and job creation and this is already paying off.”
“2018 is an exciting year for us. The club, which used to employ one person, now supports eight jobs with the potential to grow up to 20 people, once our long-term plan to build a new clubhouse is achieved.”
Tom Weightman, commercial property solicitor at Wake Smith, said of the deal: “We are delighted the sale of Barlborough Links Golf Club has completed.”
“Buying commercial property through a pension fund can be highly tax-efficient and is increasingly popular amongst small business owners who choose to purchase their business premises through their pension scheme to take advantage of the tax breaks that are on offer.”
