Costessey Park Golf Club owner hopes his successor will keep site as a leisure venue
The owner of a historic Norwich golf club is putting the site on the market after 20 years in charge.
Costessey Park Golf Club on the edge of the city has been brought to market by HMH Golf and Leisure. Offers in the region of £1.25m to £1.5m are being invited for the freehold.
Opened in 1984, the golf club is set out in the parkland of the former Costessey Hall and has benefitted from a recent extension.
The site comprises an 18-hole, 6,107 yard (par 71) golf course, a golf academy with three par-three holes, practice putting green and practice nets, two clubhouses and greenkeepers’ facilities. The club offers traditional membership packages and a points-based membership, with 622 golfers currently having points credit.
Its current owner, Larry Rowe, said he acquired the site in 1997 for his love of the game rather than commercial gain.
Mr Rowe also owns educational technology developer LJ Create in Bowthorpe, his primary business interest, but has ploughed significant investment into Costessey Park, including on a new Spike Bar, refurbishment of the clubhouse, and the extension of the course to create three new golf holes in 2016.
“It will be a wrench to sell the course, but I am forced to acknowledge that it is time for me to pass it on to someone younger, who has the energy to take the club on to the next level,” he said.
“I think it is in a lot better shape than it was when I took over 20 years ago. We have invested a substantial amount in improving it.
“It is really difficult to leave the club because it is such a beautiful site, but I am determined to sell it to someone who wishes to make a go of it as a golf club.
“Since it is so close to the city and surrounded by housing it is feasible that someone would try to get planning permission for at least part of the site, which would be a shame because it is a lovely site.
“I would be sad, having put 20 years into it, if someone came along and closed the club.”
Agent HMH considers the club to be “ripe for commercialisation” following its extension last year.
Ben Allen of HMH said: “Costessey Park is a very attractive golf club and a significant land holding in a commercial trading location on the edge of Norwich. The surrounding area has seen significant residential and commercial development in recent years.
“We expect interest in the club from those seeking a lifestyle business as well as potentially from long-term property speculators.”