Hunstanton Pier up for sale for £4.25m

Hunstanton Pier is up for sale
Hunstanton Pier is up for sale
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A popular attraction in Hunstanton has been put on the market for £4.25million.

Hunstanton Pier Family Entertainment Centre has been put up for sale by its owners CHS Amusements.

Potential buyers could stand to earn £25,000 a year concessional income.

The business boasts a significant amusement arcade, eight lane tenpin bowling alley, along with a modern bar and cafe.

Bilfinger GVA Retail, Hotels and Leisure has been instructed by CHS (Amusements) to offer Hunstanton Pier Family Entertainment Centre to the market.

Richard Baldwin, director at Bilfinger GVA’s Retail, Hotels and Leisure team, said the centre was highly profitable and was likely to attract significant levels of interest.

Mr Baldwin said: “Hunstanton Pier Family Entertainment Centre is situated in a prime seaside location, and has traded successfully since being purchased by CHS (Amusements) in 2008, with year-on-year increases in revenue and profit.

“The property includes a modern bar and café, and generates concessional income of £25,000 a year.

“We are expecting positive levels of interest in this successful and popular centre.”

The hangar-shaped centre was built on The Green in 2003 to replace the former arcade which had been gutted by fire the previous year.

That arcade was in the entrance building to the pier, which was destroyed in a 1978 storm and later demolished.

John Maiden has been campaigning for many years to have the pier re-instated.

He said: “This is the second golden opportunity in recent years for the council to get the Government and Local Enterprise Partnership involved to buy that building.

“Having acquired the building there is an opportunity to put back the pier. I think that would be popular with residents and businesses.

“A pier at Hunstanton would be right in the middle of the European Marine Conservation area, which stretches from The Wash and North Norfolk coast.

“What better place to interpret this special area of conservation?”

He also feels it would be a good idea to move the town’s heritage centre to the pier.