Thursfields advises on sale of multi-million pound caravan park in West Midlands

30 Nov 2022

Published in: Member News

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Thursfields teams combine to secure sale

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A well-known West Midlands caravan park has been sold in a multi-million pound deal, thanks to expert advice from Thursfields Solicitors.

Tony Gibb, head of the Commercial Property team at Thursfields, advised the clients involved on the sale by auction, along with Associate Solicitor Nicola Pearce.

The sale followed advice to the Executors dealing with the property asset in the Estate from Sharon Oakley, a Director in the Wills and Estates team at Thursfields.

Mrs Oakley’s advice was needed on the continued running of business during the estate administration, on following complex estate rules and registration, and on Agricultural Property Relief and Business Property Relief.

Further work was needed from Mrs Oakley on liaising with numerous authorities to ensure smooth running of the business and corresponding with the HMRC on the tax position.

Mr Gibb said: “Here at Thursfields, we have a wide experience of caravan park sales and the specific work required, and we are pleased we were able to provide the advice the clients needed, leading to a successful sale.”

Mrs Oakley added: “This was a sensitive situation as, although the owner has passed away, the caravan park still needed to operate and provide essential services for the business operations. We therefore had to advise on many operational and business issues, as well as detailed liaison between multiple family members and numerous authorities, all of which we managed to accomplish to the benefit of all.”

The Executors were advised on the auction sale by James McIntyre of Halls Commercial estate agency, with completion achieved at the end of August following a successful farm and implements sale conducted by Mr McIntyre and held on site.

Anyone needing legal advice on complex estate and commercial property issues can contact Thursfields on 0345 20 73 72 8.

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For further information, please contact: Dani James, Business Development Manager, Thursfields Solicitors Email: djames@thursfields.co.uk Tel: 01905 677066 Or ASAP PR – 07990 978257. www.thursfields.co.uk Twitter – @Thursfields LinkedIn - www.linkedin.com/company/thursfields

Notes to Editors Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 140 staff in five offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Solihull and Birmingham.