Guesthouse, caravan park and campsite under new ownership

Colman’s of Aysgarth, a guesthouse, caravan park and campsite in Wensleydale, North Yorkshire, has been sold.
Peter and Teresa Wakefield have acquired the site from Matt and Clare Colman. Peter will be managing the guesthouse business and his son Harry will manage the campsite operation.
Law firm Hay and Kilner acted for the Wakefields on their acquisition of the 1.7-acre site.
Peter Wakefield said: “We are absolutely thrilled to be the new owners of Colman’s of Aysgarth.
“It’s a complete career change from our former life in dentistry but we’re looking forward to our new life in the country and welcoming guests to this beautiful part of Yorkshire. As keen motorcyclists we also hope to attract bikers in the future and offer local tours.’
“Thanks to the team at Hay and Kilner for their support in allowing us the opportunity to purchase this wonderful site.”
Hay and Kilner’s corporate team provided legal advice on the acquisition to the Wakefields, led by John Morgan, and supported by Georgia Whitfield.
Claire Simmons, partner and head of residential conveyancing acted simultaneously for the Wakefields in the sale of their home which was used to part fund the transaction.
John Morgan, partner at Hay and Kilner, said: “We are very pleased to support Peter and Teresa on both the acquisition of the business and sale of their residential property.
“This sale demonstrates that the hospitality and leisure sector remains buoyant and the demand for businesses in the sector continues despite the challenges around operating costs.
“We wish them well for their new venture providing quality accommodation for the Yorkshire tourist and leisure economy in a stunning environment.’’
David Lee, of Christie and Co, advised the sellers and they were represented by Ian Barker and Karolyn Scott of BHP Law.
Lee said: “We were pleased to help Matt and Clare Colman sell this fantastic business in a beautiful location. We wish the new owners Peter and Teresa every success with the business moving forward.”