A Scottish caravan park has been sold for more than the £1.2 million asking price amid strong interest in the sector following the Brexit vote.

Property consultancy Galbraith said the Doonpark Holiday Park at Kippford in Dumfries & Galloway was bought by a private family business which it did not name. The park was established in 1969 as a family-owned business.

Galbraith’s Harry Stott said: “The new owners are experienced in the industry and will continue to run the park in the same vein as the previous owners.”

He added: “We received a great level of interest from prospective buyers throughout the whole of the UK. Interest came from a variety of sources including some large corporate names already in the holiday park industry to private businesses and new entrants seeking their next venture.”

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Interest in the caravan park sector has been stoked by news of the strong performances achieved by some firms that have seen bookings increase following the fall in the pound since the Brexit vote. This has made overseas holidays more expensive,

The fragmented sector is seen as presenting consolidation opportunities.

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Private equity-backed Verdant Leisure bought the Queensberry Bay caravan park in Dumfries & Galloway from its private owners in October. Chief executive Graham Hodgson said then Verdant had four potential acquisition targets in its sights including one in Scotland.