Savills | St. Christopher's Drive Mobile Home Park, Tamworth | Property for sale
3.77 Ac(1.53 Ha)
Guide price £1,000,000

St. Christopher's Drive Mobile Home ParkTamworth

  • Under offer
  • Sole agency
  • Leasehold

Key features

  • Site licence for 48 residential pitches
  • 48 currently developed - 22 single units and 26 twin units, all owner-occupied
  • Leasehold interest with approximately 56 years remaining

Well-presented leasehold residential mobile home park with good access to local amenities.

About this property

  • The leasehold interest in St Christopher's Drive Mobile Home Park is being offered for sale, with approximately 56 years remaining. The mobile home park is served by a tarmac surfaced road leading around the park, with tarmac surfaced paths leading to all of the homes. The park is well lit by street lighting sited on the internal road. Sufficient parking is available for residents and visitors, either adjacent to each home or in the allocated hard surfaced parking area. In addition there are two communal hard surfaced parking areas. The park currently benefits from a site licence for 48 mobile home pitches, 48 of which are currently sited comprising 22 single and 26 double units. There are two areas of green space. The main source of business is from pitch fees generated by 48 owner-occupied mobile homes. Current pitch fees range from £107.08 per month for a single unit to £119.32 per month for a double unit. Pitch fees are reviewed annually on 1 July each year and are increased in line with RPI for the preceding month of April and in conjunction with other considerations under relevant legislation. A schedule of pitch fees is available in the online data room. Additional income is generated by the business receiving commission of 10% of the sale price of any park home sold on the site by an existing park home owner. There may be an opportunity to increase income further through the purchase of mobile homes which become available for sale and replacing these with new units which could be either let on assured shorthold tenancies or sold.

Opportunity to acquire a well located residential mobile home park, which provides a good investment opportunity.

Kay GriffithsProperty agent

Local information

  • St Christopher’s Drive Mobile Home Park is located to the south of Tamworth Town Centre, with direct access off the A51 (Peelers Way). The property is situated in Two Gates, a suburb of Tamworth, with good access to a local secondary shopping parade and to out of town retail parks which provide a range of retail and leisure amenities. It also benefits from being in close proximity to The Coventry Canal and The River Tame. The Tame Valley Wetlands stretches between Birmingham and Tamworth and offers a number of waterside walks. The property is bordered by residential properties and mature trees which provide pleasant surroundings for the park.
  • A bus stop is located on Peelers Way, close to the entrance to the property, with frequent bus services to Tamworth Town Centre (about 10 minutes). Tamworth Train Station offers regular services to a number of West Midlands destinations including Birmingham, Coventry, Shrewsbury and Stratford-upon-Avon.

Additional information

  • The property has been in the ownership of the vendor’s family for over 40 years since the site was first leased in 1978 for the purpose of developing a mobile home park. The original lease was held by Chaudfoid Limited, which was renamed Mount Pleasant Park (Tamworth) Limited. The lease was subsequently assigned to Flitwick Securities Limited, the current holder. The park was originally called Mount Pleasant Park and is today known as St Christopher’s Drive Mobile Home Park. Over this period of time the site has been developed to a high standard into the attractive 48 pitch mobile home park which it is today.

Energy performance

There are no buildings on site requiring an Energy Performance Certificate.