• Business
  • Business News
  • Video
  • Contact
Aycliffe Today
Aycliffe Today
  • Business
  • Business News
  • Video
  • Contact
  • Follow
    • Facebook
    • Twitter
    • Youtube
Home
Business

WOODHAM GOLF CLUB SOLD!

May 23rd, 2014 Martin Walker Business, News 0 comments 0

woodham golf club1

EXCLUSIVE: By Martin Walker

The troubled Woodham Golf Club has been sold, Aycliffe Today has learned this morning.

Woodham closed last November after mounting financial problems took their toll and it was plunged into administration by its Irish owners, Washington Developments Ltd.

In March, estate agents Savills started marketing the freehold of the 18-hole golf course on behalf of administrators.

Savills today confirmed they are “close to exchanging contracts” with the buyer, who we understand is a North-East property developer which already has a golf course in the region.

Savills couldn’t reveal any other details, but rumours have reached Aycliffe Today that the buyer could be Wynyard Estates, owned by Geordie tycoon and former Newcastle United chairman Sir John Hall.

Although no guide price was disclosed, we understand the course has been sold for in excess of £2m.

Woodham’s par-73 course is positioned within a 214 acre (87 hectare) site and includes woodland and open land, a 9,367 sq ft (867 sq m) clubhouse, 2,738 sq ft (245 sq m) greenkeeper’s building, practice range and short game practice area.

Woodham Golf and Country Club Sale Particulars-6

There is also planning permission in place for the development of 50 executive homes, a new golf clubhouse and a 75-bed hotel with conference and spa facilities.

Washington Developments had hoped the £32.1m development would rejuvenate the course after spending five years securing the planning, but struggled to raise enough cash to fund it.

It was expected to create at least 150 jobs in its construction and 70 permanent positions.

Woodham Golf Course was originally developed and first opened in 1981, designed by the highly-respected J Hamilton Stutt, a founding member of The British Association of Golf Course Architects.

WOODHAM GOLF CLUB UP FOR SALE

GREEN LIGHT FOR WOODHAM GOLF CLUB

 

Share it!

Facebook Twitter Google+ LinkedIn Pinterest
Next article POLICE WARNING OVER BOGUS VISITORS
Previous article HITACHI CONTRACT COMES FIRST FOR FINLEY'S NEW RECRUIT

Related News

Business

NC Group: Building the future workforce of Aycliffe’s engineering sector

Aycliffe Business Park is home to hundreds of thriving manufacturing and engineering businesses – but with...
Business

How Senstronics culture has nurtured life-changing career for Jack

From delivering pizzas in Stockton to managing a high-tech maintenance team, Jack Rickaby’s journey is...
Business

Strategic expansion for family firm as industrial suppliers set up shop in Aycliffe

A fasteners and industrial supplies business with a proud family history is investing in the future by...

LATEST VIDEO

This week on A.T

Sep 23rd 1:40 PM
Community

Fun and Food scheme benefits thousands of children in County Durham

Sep 22nd 4:18 PM
Business

NC Group: Building the future workforce of Aycliffe’s engineering sector

Sep 18th 4:49 PM
Sport

Newton Aycliffe Juniors round-up

Sep 18th 9:44 AM
Business

How Senstronics culture has nurtured life-changing career for Jack

Sep 17th 12:47 PM
Community

Helping to create thriving communities across County Durham

Sep 17th 10:30 AM
Business

Strategic expansion for family firm as industrial suppliers set up shop in Aycliffe

Sep 16th 9:01 PM
Sport

Aycliffe prepare for FA Trophy trip

Sep 16th 3:09 PM
News

Chaos reigns as Durham County Council announces new cabinet after just 100 days

Sep 16th 10:47 AM
Sport

Aycliffe Cricket round-up

Sep 15th 4:27 PM
Community

Newton Aycliffe school children celebrating new facilities

Recommend
Follow @AycliffeToday
  • Business
  • Business News
  • Video
  • Contact
  • Back to top
© Aycliffe Today 2019. All rights reserved.
Developed by Thrive

Get our latest news direct to your inbox every Friday - subscribe to our free e-newsletter today.

Subscribe Now