Royal Pier Hotel receivers say land suitable for 'range of redevelopment options'
PUBLISHED: 07:00 30 April 2018
More details have emerged about the sale of the land formerly used for Weston's Royal Pier Hotel.
CNM Estates, which still owns derelict Birnbeck Pier, bought the hotel with a £2million bank loan, intending to build luxury apartments, bars and restaurants there.
After years of inaction, CBRE was appointed as the receivers in September 2017 to help the bank recoup its loan.
CBRE put the land up for sale last week, but its brochure suggests the scale of any development may have to be smaller than CNM’s original design.
This is because CNM’s planning permission, subject to conditions, in 2011 for 63 apartments was approved for a building which was partly based on a strip of land owned by North Somerset Council.
The council offered the land to CNM Estates for £25,000 – but only if it repaid £102,939 of taxpayers’ money, plus interest, for the demolition of the hotel destroyed by fire in 2010.
As this money was never repaid, CBRE does not own the adjoining land, and it means whoever does take it over will need to decide if it wants to enter negotiation with the council to own the whole area.
CBRE’s brochure says: “The site is suitable for a range of redevelopment options.
“No access is available to inspect the site for health and safety reasons.”
It says building materials remain on the site.
Any prospective developer would also need to be mindful of the Prince Consort Gardens’ town green status, which protects its views over Birnbeck and the sea.
The status was approved after the Friends raised fears about development proposals for the Royal Pier Hotel and Birnbeck Pier.
Brian Wilkinson, chairman of the Friends of Prince Consort Gardens group, said: “The gardens can never be developed on, and should not have its views obscured in any way.
“We would be delighted to see development at the Royal Pier Hotel because it is an empty site.”
CNM Estates owner Wahid Samady previously told the Mercury he hoped a solution could be found for the Royal Pier Hotel land.
The Mercury contacted the council to find out if it is still expecting its demolition money but has not received a response.