International real estate advisor Savills, on behalf of a private client, has sold Whitearch Park in Saxmundham, Suffolk, to a private buyer. The property was on the market for a guide price of £1.5 million.
The retirement residential park comprises 19 park home pitches (all of which are currently owner-occupied), a one bedroom bungalow (currently let) and a two-storey log cabin (current unused).
Whitearch Park has been under the same family ownership since 1990. The 14.3 acre park is not only developed and landscaped to a high standard, but also boasts a prime rural location with a well-stocked fishing lake and excellent connectivity to the national road network and the scenic Suffolk coast.
One of the standout features of Whitearch Park is its significant planning potential. The existing planning permission allows for the addition of 18 holiday units, providing a fantastic opportunity for future development. Additionally, the park's spacious layout offers the possibility for even more units, subject to obtaining the necessary planning permissions.
Kay Griffiths, a director in leisure and trading at Savills, comments: "We’re delighted to have completed the sale of Whitearch Park. Its established operations, combined with planning consent for additional units and scope for future development, made it a standout opportunity. The sale reflects continued demand for high-quality parks with long-term growth potential."