Wed, 29 Jun 2011 | DIVISION SALE
The Palace Pier, which sits on the coast of Brighton, has been put on the block by its owner the Noble Group.
The guide price for the Palace Pier, also known as Brighton Pier since a re-branding in 2000, has not been revealed. GVA Humberts Leisure has been mandated with the task of selling the grade ll-listed structure.
Noble Group has owned the pier since 1984 and has invested a total of £35 million into it. The entire issued share capital of the Brighton Marine Palace and Pier Company, set up by Act of Parliament in 1888 to develop and manage the pier, is included in the sale.
The 112-year old pier is amongst the UK's most visited places and has 18 themed attractions and rides, two amusement arcades, shops and entertainment outlets.
David Biesterfield, development director at Noble, said, “It is a dynamic, modern business based on and sustaining our heritage. Since 1984, Brighton Pier has re-established itself as one of the UK’s leading attractions in one of the country’s most popular and forward looking city resorts.”
The owners expect that the sale will generate plenty of interest.
“Over eight million visitors come to Brighton annually and its status, as London by the Sea’, the resurgence of British tourism and the forthcoming Olympics represent an exciting opportunity for further increasing the number of visitors to the pier.” Mr Biesterfield added.
An established MOT and service centre positioned in the vibrant community of Portslade, Brighton, presents a unique opportunity for investment in East Sussex's automotive service industry.
A licensed restaurant in Brighton, East Sussex, featuring alfresco seating for 60 covers, is available for purchase.
LEASEHOLD
Opportunity to acquire a maintenance grooming equipment business in Brighton at a reduced price for a quick sale.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.