Owner puts seafront landmark up for sale after 48 years of family ownership
PUBLISHED: 13:32 20 April 2018 | UPDATED: 12:12 21 April 2018
Archant © 2018
If you have a spare £2.5m one of Lowestoft's most recognisable landmarks could be yours.
The Claremont Pier is up for sale after 48 years of ownership by the Scott family, who purchased the building in 1971.
Any potential buyer would own the building which houses Rollers, a roller skating venue, Rocksalt Brasserie, Fun Palace arcade, Scott’s Restaurant, The Aquarium live music venue, and entertainment venue The Zoo.
The pier opened in 1903 as a landing stage for steamers bringing day-trippers from central London to the town.
Owner of the pier, architect David Scott, has run the business on his own for six years after taking over from his father John and brother Paul.
He said: “I am sad to see it go. It has been a big part of my life, my family’s life and my children’s life and I have put my heart and soul into it. But you reach a stage of your life when you think you have done all you can and it is time to pass it on to someone else.”
He added: “We have got it to a reasonably good level now and it is trading well and the rental income will see a good return on the investment.”
Jonathan Carman, director at Fennel Chartered Surveyors, based in Halesworth, which is marketing the landmark, said: “We initially presented it as one single operation for a group to pick it up and run it but there wasn’t really a group around to run it like that.
“There are fewer people out there who want to run a multifaceted business like this so it makes a lot of sense to offer it as an investment opportunity.”
Plans have previously been in place to rebuild the pier to its full length after it fell into disrepair and was closed for safety reasons.
Mr Scott said in 2013 renovation would cost £1.5m, but said the possibility for that work to take place was much more likely due to investment in regenerating the seafront.
The advert for the pier states: “This represents a unique opportunity to acquire an extremely well maintained leisure investment on the popular South Beach of Lowestoft. There is an opportunity to further enhance the turnover and profitability of the business.
“Alternatively there is also scope to let out either part or all of the respective businesses which are readily self contained and likely to produce a conservative income of circa £185,000pa.”