- Lot: 1
- Cleethorpes Pier
- North Promenade
- DN35 8SF
- 02 Feb 2013 6pm
PIER 335FT WITH PAVILION
INCLUDING 18 ROOMS
Recent refurbishment information which includes the following:
• Welding on the supporting legs and steel works
• 30 ceiling camera eyes
• CCTV system was fitted internally and externally
• Newly fitted beer lines
• Solid oak floor in bar area
• New fitted carpets in the night club / dance area
• New gas system for kitchen
• New mens & womens W.C.
• Alarm system electrics brought up to specification lasting till 2015
• £15,000 on internal LED Lighting
North East Lincolnshire
Auction Guide Price £400,000 plus
Swindells Auctioneers are proud to offer this rare opportunity to own one of the remaining east coast British seaside piers. In the Second World War the pier was reduced to 335ft which first opened in 1873 with the original walkway being 1200ft long.
In 2011 the pavilion has undergone a £250,000plus refurbishment and has been running as a successful fully licenced bar & restaurant with night club and live entertainment venue.
History of the Pier
Plans first appeared in the ‘London Gazette’ on 16th November 1866 and the pier was ordered in 1867. Built for £8,000 by Head Wrightson, it opened on August Bank Holiday, 1873. Financed by Manchester, Sheffield & Lincolnshire Railway (later LNER), they took on the lease in 1884 for £450 per annum and bought the pier twenty years later for £11,250. A pier-head concert hall was built in 1888 but was destroyed by fire in 1903.
The new pavilion was built near the shore in 1905 and a cafe and shops on the site of the original building. An elevated link to the adjoining ‘pier gardens’ was added at this time but was removed in the 1930s.
In 1936, LNER sold the pier to Cleethorpes Council. It was breached in 1940 for defence purposes and the isolated seaward section was demolished after the war. It is believed some of the salvaged material was used on Leicester City Football Club’s new stand. The pier now measured 335 feet compared to its original 1200 feet.
The pier pavilion was modernised in 1968 for £50,000. Facilities included a 600-seat concert hall, a cafe and a bar. Entertainment included bingo and wrestling.
Funworld Ltd became owners in 1983. However an unsuccessful summer show closed the pier at the end of the 1983 season. Cleethorpes Borough Council decided to buy back the pier. A businessman and club-owner bought the structure on 24th July 1985 and spent £300,000 transforming the pavilion into a modern night-club named ‘Pier 39’ (from an old steamer pier in
San Francisco). The re-opening took place on 4th September 1985.
Ownership over the following years passed through a number of organisations including Luminar Leisure and a management buyout in 2005 which later became Candu Entertainment.
In 2006 Candu rebuilt the former Paradise Club, with the new Waterfront bar officially opened by the Hon Vice President of the National Piers Society.
In 2007, the new owner put in hand the renewal of supporting legs, a 5 month project using over 40 tonnes of steel at an estimated cost of over £500,000. Also in 2007, the pier was granted a 24-hour drinking licence with the backing of the police and other authorities.
Then in May 2010 it was announced that a local Grimsby-based businessman had bought the pier. After a £200,000 upgrade it re-opened in November 2010 having been leased to a new management team.
After significant renovations, the former front bar area was re-opened as the Tides Bar and Restaurant in December 2011.
The nightclub has been operating on Saturdays and on Wednesdays
Additional Notes of Sale:
A full legal information pack is available for inspection at the auctioneer’s office or by post at a charge of £25 plus vat.
Are strictly by appointment only and arranged directly by the auctioneers.
The full information is available through the legal pack.
At the time of printing the particulars the auctioneers are unaware of any issues with regards to the transfer of undertaking regulations 1981 and 1995.
FIXTURES AND FITTINGS
A number of important fixtures and fittings are included within the sale.
These include but are not finalised at full CCTV system and monitors, full beelines equipment, all martin and disco lighting, large quantity of bar pumps in situ, quantity of display fridges, quantity of kitchen equipment, free standing shelving, walk in cold store approximately 4msq, disco lighting rig, four free standing safes, multi point telephone system, six vision 21 cooler units, two beer master chiller units, stainless steel ice maker 100kg, disco fog machine, two Coca Cola 2000 carbonator machines.
TENURE AND POSSESSION
The property is sold entirely freehold and vacant possession upon completion.
ENTRY AND HANDOVER
Early entry to the premises may well be possible subject to agreement with both the vendor and auctioneers prior.
COMPLIANCE AND PLANNING
The building has many and varied potential uses and on a whole is classified as sui-generis but also includes A3 and A4 use subject to the use classes’ order 1987, any further enquiries concerning planning and development should be referred to the auctioneer and North East Lincolnshire Council, Municipal Offices, Town Hall Square, Grimsby, North East Lincolnshire, DN31 1HU. Tel: 01472 323394
At the time of printing the vendor has not made an election to change vat, prospected purchasers should contact the auctioneers for the update position.
METHOD OF SALE
The property is to be sold by public auction at the pier at 6pm on Saturday 2nd February 2013. The property is offered for sale under the RICS common auction conditions which will form part of the contract of sale.
Should any questions arise as to the boundaries or any point arising in the general remarks and stipulations within these particulars the question will be referred to an arbitrator appointed by the selling agent, whose decision acting as expert shall be final. The purchaser(s) shall be deemed to have full knowledge of all boundaries and neither the vendor nor the vendor’s agents will be responsible for defining the boundaries or the ownership thereof.
A) Date: 14/12/2010 Grantor: B.I Lessees: Definitive Leisure Chain Ltd Amount: £70,000 p.a Type: Full FRI Original Expiry Date: 14/11/2020
B) Date: 01/12/2011 Grantor: Cleethorpes, Pier Ltd Lessees: AWGC Amount: £70,000 p.a Type: Full FRI Original Expiry Date: 31/11/2014
OUTGOINGS AND LICENCES
Annual maintenance fee £290
Premises licence PM00646
Sui – Generis licence covering 7 days per week from
08.00 hours to 04.00 hours
Normal trading and 23.00 hours until 04.00 hours
Late night refreshments date issue 24th November 2011
Terms and Conditions
Conditions of Sale
1. Introduction: The following informative notes are intended to assist Buyers, particularly those inexperienced or new to our salesrooms. All sales are conducted on or printed ‘conditions of sale’ which are readily available for inspection and normally accompany catalogues. Our staff will be happy to help you if there is anything you do not fully understand.
2. Agency: As auctioneers we usually contract as agents for the seller whose identity, for reasons of confidentiality, is not normally disclosed. Accordingly, if you buy your primary contract is with the seller.
3. Buyer’s premium: The ‘Conditions of sale’ oblige buyers to pay a buyer’s premium at 15% on the hammer price of each lot purchased with minimum of £1 per lot. In the case of lots purchased ‘live on-line’ or via www.i-bidder.com or firstname.lastname@example.org this will be charged at 22.5% on the hammer price. In addition, VAT is payable on this premium (see below).
4. VAT: An asterisk(*) indicates that VAT is payable by the purchaser as the standard rate imposed by current UK Law on the hammer price as well as being an element in the buyer’s premium, lots are noted in the saleroom by a red dot on the lot number. This imposition of VAT is likely to be because the seller is registered for VAT within the European Union and is not operating the Dealers Margin Scheme or because VAT is due on importation into the UK. The double (**) indicates that the lot has been imported from outside the European Union and the present position is that these lots are liable to a reduced rate of VAT on the gross lot price (i.e. both the hammer price and the buyer’s premium. Lots which appear without either of the above symbols indicate that no VAT is payable on the hammer price. This is because such lots are sold using the Auctioneer’s Margin Scheme and it should be noted that the VAT included within the premium is not recoverable as input tax. (VAT rates are changing with frequency. Please check with HMRC.VAT will be charged as set by Government at the time of sale.)
5. Condition and description of lots: We are primarily, agents for the seller. We are dependent on information provided by the seller and whilst we may inspect lots and act reasonably in taking a general view about them we are normally unable to carry out a detailed or any examination of lots in order to ascertain their condition in the way in which it would be wise for a buyer to do. Intending buyer’s have ample opportunity for inspection of goods and, therefore, accept responsibility for inspecting and investigating lots in which they may be interested. Please note carefully the exclusion of liability for the condition of lots contained in the ‘Conditions of sale’. Neither the seller nor we, as the auctioneers, accept responsibility for their condition. In particular, mechanical objects of any age are not guaranteed to be in working order. However, in so far we have examined the goods and make a representation about condition, we shall be liable for any defect which the examination ought to have revealed to the auctioneer but which would not have been revealed to the buyer and the buyer examined the goods. Additionally, in specified circumstances lots misdescribed because they are ‘deliberate forgeries’ may be returned and repayment made. There is a 21 day time limit from the date of sale, not date of collection or receipt. (The expression ‘deliberate forgery’ is defined in our ‘Conditions of sale’).
6. Electrical goods: Items are tested by a qualified electrician for SAFETY ONLY. An item that passes a PAT safety test may not work. Conversely, an item that fails the test may work with just minor repair. ‘Working Order’ and ‘Safe’ are two completely different concepts. The only thing you may take for granted is that the item will be safe at the point of sale. Items that have failed will have their cabling cut to secure, labelled and sold ‘For Trade Only’. To use the object you will have to change it radically from what was sold to you. Therefore, the auctioneers cannot be held responsible after the point of sale. Those items sold genuinely as ‘antiques or collectables’ will not have been tested and if bought for use must be checked over for compliance with safety regulations by a qualified electrician before use. This is a express condition
7. Bidding in person: Some form of identification with proof of address will be required if you are unknown to us. Bidders may be required to register before the sale commences and lots will be invoiced to the name and address on the registration form. Account transfers will not be recognised or facilitated under any circumstances.
8. Absentee Bidding: Commission bids may be left with the auctioneer indicating the maximum amount to be bid excluding buyer’s premium. They will be executed as cheaply as possible having regard to the reserve (if any) and competing bids. If tow buyers submit identical commission bids, the auctioneers may prefer the first bid received. If there are genuine reasons why you are unable to leave a Commissions Bid and you wish to bid by telephone we may accommodate on lots where your opening bid will be £500 or above. There are inherent dangers with this practice; therefore all arrangements shall be entirely at the bidder’s risk. Absentee bid instructions must be received by telephone, fax or e-mail 12 hours prior to sale.
9. Live internet bidding: In completing the bidder registration on the www.the-saleroom.com and providing your credit card details and unless alternative arrangements are agreed Golding Young Limited, you (i) authorise Golding Young Limited, if they so wish to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the sale via www.the-saleroom.com or email@example.com and (ii) confirm that you are authorised to provide these credit card details to Golding Young Limited www.the-saleroom.com or firstname.lastname@example.org
10. Methods of payment: Accounts are due for settlement SALEDAY. The following methods of payments are acceptable. There will be NO EXCEPTIONS to this policy. To avoid undue embarrassment for yourself and our staff, please do not ask for preferential treatment. 1. CASH: Single payments up to £10,000 only. 2. DEBIT CARD: No limit with chip & pin. (CNP limit £500). 3. CREDIT CARD: (fee of 2%+VAT) No limit with chip & pin (CNP limit £500). 4. BANK DRAFS & BUILDING SOCIETY CHEQUES: No Limit, Due to forgeries, we will retain the goods for 3 working days to establish clearance of funds. 5. CHEQUES: Accepted up to limit of guarantee card for immediate clearance. For sums exceeding this, you are not known to the auctioneers’; we will retain the goods for 7 working days to establish clearance of funds.
11. Collection & Storage: Goods can be collected as soon as they are paid for and within two working days following the sale. If goods remain with us and we have no contrary written advice of your intentions the items will be moved to storage and reasonable labour charges levied and storage at the rate of £2+VAT per lot per day thereafter for small items and £10+VAT per lot per day for furniture and large items.
12. Postage & packing: Options for buyers are available please see auctioneer.