Showing posts with label Bayview. Show all posts
Showing posts with label Bayview. Show all posts
Sunday, April 04, 2010
Tuesday, March 16, 2010
Bayview Caravan Park
Has the deal the Town struck to dispose of Bay View Holiday Park got a nasty sting in the tail?
I have learned that there are several conditions in the contract that might severely reduce the amount the council eventually receives. One condition is that up to 600,000 pounds each year will have to be returned to Darwin if it is prevented from raising the site fees by the Owners' powerful Association. That condition is for three years, so in theory as much as 1,800,000 pounds could be reclaimed by Darwin. And up to 50,000 pounds can be recovered by Darwin for legal costs it incurs in pursuing this.
Swanage's 7,250,000 sale price could be less if these rebates occur, as low as 5,400,000. And we don't know the sums that Swanage incurred in disposing the site, including legal and survey fees.
Questions should be asked.
I have learned that there are several conditions in the contract that might severely reduce the amount the council eventually receives. One condition is that up to 600,000 pounds each year will have to be returned to Darwin if it is prevented from raising the site fees by the Owners' powerful Association. That condition is for three years, so in theory as much as 1,800,000 pounds could be reclaimed by Darwin. And up to 50,000 pounds can be recovered by Darwin for legal costs it incurs in pursuing this.
Swanage's 7,250,000 sale price could be less if these rebates occur, as low as 5,400,000. And we don't know the sums that Swanage incurred in disposing the site, including legal and survey fees.
Questions should be asked.
Monday, February 01, 2010
Swanage Bayview Holiday Park Transition
- Could we begin yet another thread for 'Swanage Bay Holiday Park Transition' - (subtitled 'The Never-Ending Story'!) even though I am sure many are growing weary of it? It HAS achieved more posts than any other in the history of SwanageView and is clearly an ongoing topic of discussion for the town. Thanks.
- 9:46 PM
Monday, December 14, 2009
Swanage Bayview Transition (Series 2)
The story continues...
Previous posts can be found below and/or at:
http://www.swanageview.blogspot.com/2009/10/swanage-bay-view-transition-news.html
Previous posts can be found below and/or at:
http://www.swanageview.blogspot.com/2009/10/swanage-bay-view-transition-news.html
Tuesday, November 03, 2009
Bayview investment?
Has there been any news about how Swanage Town Council has, or will, invest or spend the windfall of 7.25 million pounds from the sale of Swanage Bay View Holiday Park?
If not, do our bloggers think that the Council must be transparent about this, or is this privileged information (leaving us to trust the oversight carried out by the District Auditor)?
Posted by Anonymous to swanageview at 11:23 AM
If not, do our bloggers think that the Council must be transparent about this, or is this privileged information (leaving us to trust the oversight carried out by the District Auditor)?
Posted by Anonymous to swanageview at 11:23 AM
Saturday, October 10, 2009
Swanage Bay View Transition News
On 15 October, Darwin takes over Swanage Bay View Holiday Park. The Council will receive 7.25 million pounds. There have been no official announcements about any changes that are due to take place after that date - some of which will impact us all.
We need a thread - call it SBV Transition News - so that owners at the Park, the residents of Swanage, and anyone else can post updates as and when they are announced. Otherwise rumours will spread unnecessarily (at least, within this forum rumours can be challenged and corrected). Let's aim to keep it factual and civilised!
Posted by Anonymous to swanageview at 3:21 PM
We need a thread - call it SBV Transition News - so that owners at the Park, the residents of Swanage, and anyone else can post updates as and when they are announced. Otherwise rumours will spread unnecessarily (at least, within this forum rumours can be challenged and corrected). Let's aim to keep it factual and civilised!
Posted by Anonymous to swanageview at 3:21 PM
Friday, September 04, 2009
Swanage Bay View Holiday Park (Sale)
Swanage Town Council has announced the sale of its 300 unit luxury caravan park and holiday complex to the Darwin Leisure Property Fund for a capital receipt of £7.25m. The deal includes revenue income of an annual ground rent of £30,000 for the life of the 105 year lease term.
Town Mayor, Mike Pratt says “This disposal means that we can take a positive stance in now addressing the town’s need for the benefit of current and future generations” before going on to say “the Town Council’s small administration team have been placed under incredible pressure over the past few years initially caused by the challenge by the Audit Commission who believe the Council does not have the legal powers to derive a direct income from caravan sales which is an integral part of owning a caravan park.”
On behalf of Darwin Victoria Brannen CIO, commented that “Darwin look forward to expanding their existing holiday park portfolio with the purchase of Swanage Bay View and implementing their business strategy, which will continue to operate and develop the park as a desirable holiday home location on the Dorset coast, whilst improving facilities that benefit not just the park owners but also members of the local community and support the town’s economy”.
Alan Leeson, Town Clerk and Financial Officer explains “by eliminating caravan sales from the Council’s activities we shall now be able to forecast future income with greater certainty. In order to keep the council tax precept to a minimum, the Council will now be considering its investment strategy in order to ensure that alternative sources of income are maximised”.
Both parties are now moving towards completion and handover on 15th October 2009.
(Swanage Town Council, Press Release, 4 September 2009)
Town Mayor, Mike Pratt says “This disposal means that we can take a positive stance in now addressing the town’s need for the benefit of current and future generations” before going on to say “the Town Council’s small administration team have been placed under incredible pressure over the past few years initially caused by the challenge by the Audit Commission who believe the Council does not have the legal powers to derive a direct income from caravan sales which is an integral part of owning a caravan park.”
On behalf of Darwin Victoria Brannen CIO, commented that “Darwin look forward to expanding their existing holiday park portfolio with the purchase of Swanage Bay View and implementing their business strategy, which will continue to operate and develop the park as a desirable holiday home location on the Dorset coast, whilst improving facilities that benefit not just the park owners but also members of the local community and support the town’s economy”.
Alan Leeson, Town Clerk and Financial Officer explains “by eliminating caravan sales from the Council’s activities we shall now be able to forecast future income with greater certainty. In order to keep the council tax precept to a minimum, the Council will now be considering its investment strategy in order to ensure that alternative sources of income are maximised”.
Both parties are now moving towards completion and handover on 15th October 2009.
(Swanage Town Council, Press Release, 4 September 2009)
Monday, August 17, 2009
Bay View Caravan Park
Is the Council about to announce the sale of Swanage Bay View Holiday Park? There was an extraordinary meeting of the Town Council on Aug. 10th to discuss changes to the contract....has the deal reached its conclusion? What will it provide for the people of Swanage?
Posted by Anonymous to swanageview at 1:59 PM
Posted by Anonymous to swanageview at 1:59 PM
Wednesday, June 10, 2009
Swanage Bay View Holiday Park
Sale of Swanage's Family Silver -
Swanage Bay View Holiday Park - has been sold!
According to Fox Leisure, the firm handling the sale of SBV, the park is now listed as Sold. The identity of the new owner(s) is unknown at this time, as is the timetable for completion of the sale, but the betting is on Shorefields who own the park next door.
Let's hope the Town Council has done something that will benefit Swanage well into the future, as well as the caravan owners who comprise the largest portion of tourists visiting and contributing to the coffers of Swanage. Let's keep our fingers crossed that the Vista's amenities remain available (albeit on a commercial basis) to the town's residents and visitors.
STC has conducted this process without any consultation with the Owners at the Park, or Residents of Swanage, both of whom are major stakeholders in SBV, so any successes or failures in this transaction must be credited to, or blamed on, them alone.
Watch this space!
Posted by Anonymous to swanageview at 1:51 PM
Swanage Bay View Holiday Park - has been sold!
According to Fox Leisure, the firm handling the sale of SBV, the park is now listed as Sold. The identity of the new owner(s) is unknown at this time, as is the timetable for completion of the sale, but the betting is on Shorefields who own the park next door.
Let's hope the Town Council has done something that will benefit Swanage well into the future, as well as the caravan owners who comprise the largest portion of tourists visiting and contributing to the coffers of Swanage. Let's keep our fingers crossed that the Vista's amenities remain available (albeit on a commercial basis) to the town's residents and visitors.
STC has conducted this process without any consultation with the Owners at the Park, or Residents of Swanage, both of whom are major stakeholders in SBV, so any successes or failures in this transaction must be credited to, or blamed on, them alone.
Watch this space!
Posted by Anonymous to swanageview at 1:51 PM
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