PIER FOR SALE 6 Market Place High yielding investment IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk

LOCATION DESCRIPTION Lowestoft is 110 miles north-east of , 38 miles The original Claremont was built of wooden piles of north-east of and 22 miles south-east pitch pine. They lasted a number of years, but when the of . It is situated on the edge of The T-head of the pier was extended in 1912 the piles were Broads system being just 15 miles from the ever popu- replaced with greenheart timber. lar Suffolk Heritiage Coastal area of . The was built in 1903, and has been The town has a resident population of almost 70,000 owned by the current family for 35 year. Paddle steam- and approximately 190,000 within 12 miles of the Cen- ers used to berth at the pier three times a week, the tre, with the retail population substantially increased by return fare from Yarmouth being 9d. the annual influx of tourists. This attractive Pier has now been extensively refur- bished and modernized and offers a vibrant and ex- The Pier is located between Lowestoft’s beautiful citing venue for 6 unique leisure operations within the award winning South Beach with golden sands and building itself, and an additional 2 kiosks directly out- stunning views across the Suffolk Coast Line making this side at the front of the Pier. area popular with the community and tourists alike. The beach has recently had £3.5m spent on a coastal protection scheme to enhance and secure the long term viability of this wonderful beach.

VIEWING Strictly by appointment through this office with: INVESTMENT Jonathan Carman MRICS DEVELOPMENT 01986 872034 SALES 07973 235057 LETTING [email protected] These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. ANALYSIS All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS MANANGEMENT

PIER FOR SALE 6 Market Place High yielding investment Halesworth SUFFOLK IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk

THE BUSINESS Fun Palace - Family Amusements and Casino Claremont Pier is a hive of activity and entertainment The arcade has a range of machines featuring the latest offering traditional fruit machines, video games, roller video games, ticket redemption, 2p pusher machines skating, fantastic live music, party venues, great fish and and a variety of fruit machines. There is also an adult chips and a fabulous brasserie with superb sea views. gaming area for over 18's with Jackpot machines. The individual attractions include; Scott’s Restaurant Rollers - Premiere Roller Skating Venue This modern restaurant enjoys unrivaled views over- This fantastic roller skating venue is complete with full looking the award winning South Lowestoft beach. disco lighting, mirror balls and a smoke machine. Roll- Open both at lunchtime and evening. ers caters for children's parties, corporate team building events, school parties, themed party nights, Friday and The Aquarium Saturday Disco nights and a Saturday morning members The Aquarium is one of Suffolk’s finest live music ven- club for kids aged between 7 and 14. ues, and the only one in the UK located on a pier. There is often a full programme of great live music throughout the year featuring DJ's, bands, tribute acts and dance parties. The Aquarium can hold up to 850 people (250 seated) making it one of the best venues for hire on the East Coast The Zoo

The Zoo has recently undergone complete refurbish- Rocksalt Brasserie ment with a stunning interior fit that can accommodate Rocksalt offers a selection of great seasonal food with up to 260 people. Licensed until 2am with full DJ facili- European, American and Asian influences cooked in the ties, quiet areas with intimate seating booths, state of open plan kitchen. Arranged over split levels, contempo- the art lighting, plasma screens, air conditioning and a rary decor with fantastic sea views. fully stocked bar.

VIEWING Strictly by appointment through this office with: INVESTMENT Jonathan Carman MRICS DEVELOPMENT 01986 872034 SALES 07973 235057 LETTING [email protected] These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. ANALYSIS All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS MANANGEMENT

PIER FOR SALE 6 Market Place High yielding investment Halesworth SUFFOLK IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk

LICENCE OPPORTUNITY The property has a Premises Licence granted by the This represents a unique opportunity to acquire an ex- relevant local authority. It is a requirement of the tremely well maintained leisure investment on the popu- Licencing Act 2003 that properties retailing alcohol lar South Beach of Lowestoft. have a designated premises supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take the appropriate FUTURE specialist advice. It is hoped any new owner will extend the existing struc- ture to its original 600 ft length, complete with a -T shaped pier head to allows boats to dock. Plans were put FIRE RISK ASSESSMENT forward a few years ago to run a ferry service to the pier We have assumed that a suitable and sufficient Fire Risk at Southwold, the favoured Suffolk bolt hole of the Assessment has been carried out. Under the Regulatory chattering classes. Reform (Fire Safety) Order 2005 this assessment needs to be recorded in writing where there are five or more There is also the addition benefit of Lowestoft becoming employees, the property is under enactment of a a more influential hub with the pro- licence or where an alteration notice has been served. spect of a joint venture with an energy company to open a visitor's centre at the end of any newly extended Pier.

SERVICES EPC Mains water, electricity, gas and drainage are available. EPC Energy Performance Certificate available on request. None of the services, including heating, plumbing or electrical systems (nor appliances) have been tested by the Selling Agents.

LOCAL AUTHORITY Council, Marina, Lowestoft, NR32 1HH Tel 01502 562111 Rateable Value - £65,000 (rates payable £3,000 pcm)

VIEWING Strictly by appointment through this office with: IN- VESTMENT Jonathan Carman MRICS 01986 872034 DEVELOPMENT 07973 235057 SALES [email protected] LETTING These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS ANALYSIS

PIER FOR SALE 6 Market Place High yielding investment Halesworth SUFFOLK IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk

TRADING INFORMATION PRICE Sales for the year end 31st March 2016 showed a Offers are invited in the region of £1,250,000 for the turnover which has seen a year on year increase of freehold and business interest (All fixtures and fittings 19% with a potential for strong and improving net are included, however the stock is excluded and will be profit. Detailed accounts will be made available once valued at the time of sale). The owner is currently look- a formal viewing has taken place. ing to let out the various elements of the Pier, which has an estimate rental value of £190,000, with potential

for greater uplifts. STAFF The business is operated by 4 full time members of LEGAL COSTS staff and seasonal part time staff numbering 20at peak periods, with the owners overseeing opera- Both parties are to pay their own legal costs incurred in tions. this transaction.

VIEWING Strictly by appointment through this office with: INVESTMENT Jonathan Carman MRICS DEVELOPMENT 01986 872034 SALES 07973 235057 LETTING [email protected] These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. ANALYSIS All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS MANANGEMENT

PIER FOR SALE 6 Market Place Halesworth High yielding investment SUFFOLK IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk Wellington Esplanade, NR33 0BS

Whilst every attempt has been made to ensure the accuracy of the floor plan contained here, measurements of doors, windows and rooms and any other items are approximate and no responsibility it taken to any error, omission, or mis-statement. This plan is for illustrative purposes only and should be used as such by any prospective purchaserttenant. The services, systems and appliances shown have not been tested and no guarantee as to their operability or efficiency can be given

VIEWING Strictly by appointment through this office with: INVESTMENT Jonathan Carman MRICS DEVELOPMENT 01986 872034 SALES 07973 235057 LETTING [email protected] These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. ANALYSIS All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS MANANGEMENT

PIER FOR SALE 6 Market Place Halesworth High yielding investment SUFFOLK IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk Wellington Esplanade, NR33 0BS

Whilst every attempt has been made to ensure the accuracy of the floor plan contained here, measurements of doors, windows and rooms and any other items are approximate and no responsibility it taken to any error, omission, or mis-statement. This plan is for illustrative purposes only and should be used as such by any prospective purchaserttenant. The services, systems and appliances shown have not been tested and no guarantee as to their operability or efficiency can be given

VIEWING Strictly by appointment through this office with: INVESTMENT Jonathan Carman MRICS DEVELOPMENT 01986 872034 SALES 07973 235057 LETTING [email protected] These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. ANALYSIS All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS MANANGEMENT

PIER FOR SALE 6 Market Place High yielding investment Halesworth SUFFOLK IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk

IMPORTANT NOTICE:

Fennel, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Fennel have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

VIEWING Strictly by appointment through this office with: INVESTMENT Jonathan Carman MRICS DEVELOPMENT 01986 872034 SALES 07973 235057 LETTING [email protected] These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. ANALYSIS All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS MANANGEMENT

PIER FOR SALE 6 Market Place High yielding investment Halesworth SUFFOLK IP19 8BA

LOWESTOFT 01986 872500 Wellington Esplanade, NR33 0BS www.fennel.co.uk

IMPORTANT NOTICE:

Fennel, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Fennel have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

VIEWING Strictly by appointment through this office with: INVESTMENT Jonathan Carman MRICS DEVELOPMENT 01986 872034 SALES 07973 235057 LETTING [email protected] These particulars are intended as a guide and must not be relied upon as statements of fact and they are expressly excluded from any contract. ANALYSIS All prices are quoted exclusive of VAT which may be payable. Regulated by the RICS MANANGEMENT