Investor acquires Lincolnshire holiday park in lb2m deal

Caistor Lakes, a holiday park near Grimsby in the Lincolnshire Wolds, has been sold to Sheffield-based investment company Evogo Group for £1.9m.

The £1m turnover, seven-acre leisure park includes five holiday lodges, pitches for 28 caravans, a 110-cover restaurant and three fishing lakes, together with planning consent for the development of a further 10 lodges.

Caistor Lakes is currently undergoing a third phase of development that will see six of the new luxury lakeside lodges completed by April this year.

Established by owner Drew Thompson in 2021, they have been sold by Leeds-based commercial property estate agent Ernest Wilson.

Michael Peel, sales manager at Ernest Wilson, said: “We are really pleased to have completed the sale of Caistor Lakes, specially in the current economic climate and with the coronavirus restrictions in place.

“For Mr Thompson, this was an wonderful time to sell the tourism business he had worked so hard to develop. With British holidays appearing like the most likely option for many of us this summer, and with further lodges in the pipeline, Caistor Lakes is a very strong business.”