Potential buyers show interest in Aberystwyth’s Pier

IT HAS BEEN revealed by the the administrators of Aberystwyth’s stricken Pier that a number of prospective buyers have shown an interest in the site.

Credit - Tomos Nolan

Credit – Tomos Nolan

The administrators took out an advert in the Financial Times offering the site for sale when the future of the Grade II-listed landmark was in doubt last month after owners Don Leisure Limited confirmed their decision to seek an administration order due to a substantial loss in trade.

The advert describes a “freehold property compromising a three-storey cast iron, vaulted building, on the landward end, together with a small forecourt off the promenade and several entrances to various parts of the business.”

John Kelly from the administrators Begbies Traynor said:

“We had a lot of interest prior to the advert going out in the Financial Times and now we are getting more interest. If someone wanted to invest then that is still possible but a sale is probably the most likely option. There is no asking price, we provide information and allow people to make an offer.”

Don Leisure Limited’s Managing Director Andrew Deakin said last month:

“The Pier escaped the worst of the storm last year but its trading suffered with many students returning home.

“Whilst it seemed to have recovered during last year, trading in January and February was very poor.

“The administration will protect the business whilst the owners work with the proposed administrators to determine the best future for the Pier.”

There have been calls made to Ceredigion County Council to purchase the site. However, it has been revealed that it is actually prohibited for the local authority to do so, due to it being in administration.