Campsite sold for £1.1m

AA five-pennant rated Troutbeck Camping and Caravanning Park in the Lake District has been sold from a guide price of £1.1m by the specialist Parks division of real estate advisers Colliers International.

Acting on behalf of owner Fraser Smith, Colliers International sold the 4.6-acre site at Hutton Moor End, Troutbeck, to Neil Thompson, an existing park operator.

The park provides pitches for 20 static caravans, another 36 for motorhomes and 18 for camping with a remaining pitch occupied by an owner’s lodge. The park is served by an amenity block with comprehensive facilities and an onsite shop.

Benefiting from major improvements since Smith took ownership in 2006, the business says it performs consistently well.

Troutbeck Camping and Caravanning Park is off the A66 near Keswick and is popular with holidaymakers wanting to visit Keswick and the north Lakes, Ullswater, Eden Valley and Hadrian’s Wall.

Richard Moss, head of UK parks agency at Colliers International, said: “The sale of the park at Troutbeck represents a continuation of encouraging transactional activity from 2015 and one that we’re confident of being maintained throughout 2016 thanks in part to a more proactive approach from lenders and an improving economy.”