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Watton site set to come out of administration

PUBLISHED: 09:24 11 February 2010 | UPDATED: 11:36 08 July 2010

RESIDENTS living in a park home development are finally to see their site taken out of administration.

RESIDENTS living in a park home development are finally to see their site taken out of administration.

Redhill Park at Watton, which has about 50 homes, was taken into administration last year under its owner Brandon-based Omar Homes.

The manufacturing side of the firm was since bought out by former management at the firm and renamed Omar Park Homes.

But Redhill Park and a villa in Lanzarote, formerly owned by the failed Omar Homes Group, remained with administrators Tenon Recovery.

A spokeswoman for Tenon said that there had been an exchange of contracts with a buyer for Redhill and that they expected completion in about six weeks.

However, the deal has still left a couple hoping to buy a home on the site in limbo.

Michael and Barbara Rix said they were ready to exchange contracts on a home on the park before Christmas after Mr Rix retired.

It was to be their retirement home.

But due to the situation over the ownership of the park they have been unable to complete the purchase of their new home despite having the cash and an agreement with the sellers and are having to pay rent on another home and interest on a loan they took out to make up the payment on the park home.

All they needed was a signature from the administrators, said Mr Rix.

“We put in an offer on November 25, it was accepted and we were just waiting for a signature from the administrators,” he said.

“But up until today we still have no answer why we can't have our home. No one will give us an answer.”

A spokeswoman for Tenon said the firm was “not in a position to comment” on the sale of the home and that they believed the buyers were now dealing with the purchaser.

Tenon said it would not reveal the name of the buyer at this stage.

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