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Cove Communities acquires The Elms Retirement Park in Lincolnshire

Savills, on behalf of Kineva Homes Ltd, has completed the sale of The Elms Retirement Park in Torksey Lock, Lincolnshire, to Cove Communities for an undisclosed sum.

The property is one of the most prestigious and largest park home estates in the UK. It is fully developed with a mixture of twin and single unit park homes situated in various cul-de-sacs. The Park accommodates 339 park homes and the residential areas are well landscaped with street lighting and each home benefits from car parking spaces and some have garages.

The Elms is located in the picturesque Lincolnshire countryside, situated along the banks of the Foss Dyke Canal at Torksey Lock, where mooring slots are available. This is said to be the oldest canal in England, connecting the River Trent to the city of Lincoln. The area is popular for fishing, wildlife enthusiasts, canoeists and walkers exploring the route of the Torksey Lock Explorer’s Trail.

Richard Prestwich, Director in the Leisure and Trade Related team at Savills, says: “We are delighted to complete the sale of this award-winning luxury park home estate. The Elms Retirement Park has become a sought after option for retirement living for the over 50’s due to its well-kept grounds, spacious development, 10 acres of protected parkland and woodland walk within John’s Wood which borders two sides of the property. The new owners are experienced operators who will only continue to improve the park in years to come.”
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