The freehold, long income investment of the National Horseracing College (NHC) has been sold by Christie & Co on behalf of the owners of Rossington Hall, Doncaster.
The centre is one of two specialist horse racing training centres of excellence in the UK.
It has been acquired by the Hogarth family. Harry Hogarth, based out of Stillington, North Yorkshire has trained racehorses for the best part of 20 years following a career in financial services with the Prudential.
The NHC occupies a site extending to approximately 66 acres within the wider Rossington Hall Estate, situated around five miles south of Doncaster and junction 3 of the M18 motorway, with Doncaster Sheffield Airport nearby.
Occupied under the residue of a 99-year lease from January 1996, the centre has been in existence since 1984 when originally called South Yorkshire Apprentice Racing Training School.
The investment was sold off an asking price of £1.35m achieving a net initial yield of 3.5 per cent.
Jon Patrick, head of leisure and development at Christie & Co, who oversaw the sale process, said: "The long income investment market continues to be particularly active at present with strong investor appetite specifically targeting the 'alternatives' investment space.
"Underpinned by a significant land and real estate element, together with a high calibre, long-established and stable covenant in the NHC, it is rewarding to see the college investment going to a buyer with specific industry knowledge and a passion for all things equine."
The purchaser was advised by Stephen Hamer of Stewart Montrose and solicitors DWF. Kenyon Son & Craddock represented the vendor.
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