Seafront casino on sale for £1.1m

Grosvenor Casino, Marine Parade, Great Yarmouth.Picture: James Bass

Grosvenor Casino, Marine Parade, Great Yarmouth.Picture: James Bass - Credit: Eastern Daily Press © 2016

A seafront casino has been put up for sale for more than £1m.

Grosvenor Casino, on Marine Parade in Great Yarmouth, is due to reopen on May 17, in line with government guidance.

The venue, a three-storey period building opposite Wellington Pier, has been put on the market by estate agents, Savills, who are seeking offers in excess of £1.1m.

There will be a new lease in place to Grosvenor Casinos for a term of ten years, with the tenants paying an annual rent of £95,000.

According to a document published by Savills, turnover in 2018/19 was £215,832, while in 2019/20, it was £180,977.

A spokesperson for Grosvenor Casinos said: “We are fully committed to keeping our casino open in Great Yarmouth which is a valuable part of the Grosvenor estate.

"As part of an ongoing review of various sites, we are exploring ways to optimise our property portfolio mix, but would like to reassure customers and colleagues that the casino is here to stay and we’re excited about the prospect of reopening when lockdown restrictions are eased in a few weeks time.”


Most Read

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter