Operators being sought for campsite at Cairngorms most popular beauty spot
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Forestry and Land Scotland is looking to find a new operator to run Glenmore and its two other Camping in the Forest sites in Scotland under long term lease arrangements.
Following a recent buyout from The Camping and Caravanning Club, FLS now directly oversee the forest camping business at its Cashel campsite on Loch Lomond side, at Cobleland, near Aberfoyle and at the Cairngorms beauty spot.
The site and business have been placed on the market based on a new long-term lease.
The rent is £190,000 per annum and FLS is seeking offers over £315,000 for the business.
The lease will be on a tenant full repairing and insuring basis and it is anticipated that it will run for 15 years with rent reviews at five yearly intervals.
The lease length is open to negotiation dependant on a tenant’s long-term plans, and may include a future turnover rental calculation.
The selling agents have said the business trades at a high level of sales and profitability.
To year end February, earlier this year, the business achieved total revenue in the region of £935,000 and an earnings before interest, tax, depreciation, amortisation and rent in the region of £565,000.
FLS Chief Executive, Simon Hodgson, said: “Camping is an important and accessible activity that brings people closer to nature, heightens their appreciation of the environment and helps them to relax and recharge their batteries.
“It is going to become more popular as more people consider their carbon footprint and opt for ‘staycations’.
“In order to help meet that demand – and potentially expand on our camping offer – we are looking to partner with site operators that share our enthusiasm for this opportunity and our commitment to improve our camping offer in ways that benefit visitors and local communities.”
FLS has appointed leisure property specialist CDLH as marketing agents to seek approaches from local or national operators looking to run one site or more sites with a lease term of 15 years.
A FLS spokesperson said: "Operators will be expected to make improvements to the sites as well as work with FLS to integrate the sites into any wider improvement/development plans for the area and where possible to deliver enhanced community benefits.