Golf course teed up for would-be buyers
STOURBRIDGE golf course Hagley Golf & Country Club has been put up for sale following the death of its major shareholder earlier this year.
Michael Garratt, who owned 44%, died in April and his family have now decided to sell the site, which has been valued at £2.25m.
The golf facilities include an 18-hole course, floodlit golf driving range, an all-weather short game area, golf academy and pro shop. The site also has a two storey clubhouse which has conference and function rooms, bars, staff accommodation and a business centre with seven let office suites.
“My family has owned the club since its inception in 1980 and the land on which it sits for over 150 years,” said Peter Johnson, managing director of Garratt & Co.
“Recent sad events have encouraged us to offer the Club for sale to enable us to focus on our wider business interests.”
He added that the family’s preference is for a buyer will “will endeavour to manage the club along current lines”.
Hagley Golf & Country Club, which has an annual turnover of £1.1m, has had around £600,000 of capital investment in recent years.
Ben Allen of Bilfinger GVA, who is handling the sale, added: “With 571 golf members, over 7,000 golf range members and a strong social membership, Hagley Golf & Country Club is exceedingly popular and one of very few clubs of this calibre that has come to the market.”
