Description
A unique opportunity to work with East Lindsey District Council to invest in one of the UK's fastest growing and most loved coastal resorts.
The Skegness Foreshore Masterplan at its heart is an expansion and diversification of a thriving visitor economy appealing to investment into green, cultural, heritage, arts, sports, and leisure markets that will benefit local communities and visitors alike.
As part of this masterplan, there is an exciting opportunity to be part of the expansion, growth, and future of one of the UK's most thriving coastal towns, through the acquisition of a number of sites along the Foreshore which are being offered for let by East Lindsey District Council.
Interest is being invited on either a Long Leasehold/Leasehold basis:
Lot 1: Skegness Chalet Site: A plot of c16,500 sq m with detailed planning consent for 16 seasonal overnight lodges and a reception building.
Lot 2: Southern Bowling Greens: A plot of c7,250 sq m consisting of two former bowling greens, with road frontage to Princes Parade adjacent to the main vehicular access to the Pavillion Car Park.
Lot 3: Southern Boating Lake: A plot of c13,500 sq m consisting of the Southern Boating Lake (including the central island) and surrounding walkways, internal bridges, and terraced seating.
Lot 4: Former Festival Pavillion Site: A plot of c2,800 sq m which is earmarked within the Skegness Foreshore Masterplan for some form of commercial, landmark development potentially offering high level views across Skegness.
Lot 5: Pier Field Chalets: A plot of at least c3,500 sq m currently comprising a suite of 24 disused former chalets and facilities on land adjacent to the Skegness Pier, Pier Fields (Premier Inn/KFC), and the foreshore waterway (footprint to be extended to include adjacent open areas).
THE FUTURE FOR DOMESTIC TOURISM IS LOOKING INCREASINGLY BRIGHTER
The significant rise in the demand for UK holidays, fuelled by the uncertainty of foreign travel is giving a much needed boost for UK tourism. Skegness is the fourth most visited seaside resort in the UK. An iconic seaside town with an abundance of history and heritage, this bustling resort sits on the edge of an area of AONB, and is surrounded by miles of natural coast.
Visitor Economy Visitor Data I shows that the area has approaching 2.2 million holiday visitors per year, and this strong tourism offer continues to drive a high level of investment. Over recent years this has included McDonalds, KFC, Costa, M&S Simply Food and Premier Inn, with Travelodge and Starbucks being the latest major UK/International brands to recognise the flourishing market Skegness offers.
The Council's annual data indicates that East Lindsey has continued to experience a growth in visitor numbers and the associated impact and value of the visitor economy.
MULTI-MILLION TOWNS FUND INVESTMENT
One of the biggest catalysts to driving growth and investment into Skegness is the transformational multi-million-pound Towns Fund award Deal projects which has been given the go ahead by the HM Government.
In a deal worth £24.5m the town will undergo major regeneration, never seen before. Allowing East Lindsey District Council to enhance, develop and improve what Skegness has to offer for residents and tourists alike.
THIS EXCEPTIONAL DEVELOPMENT IS OFFERING A UNIQUE OPPORTUNITY FOR INVESTMENT IN ONE OF THE UK'S BUSIEST SEASIDE RESORTS
With the prospect to maximise its potential as Skegness grows and develops into new markets as well as retaining its traditional seaside charm.
East Lindsey District Council has commissioned Banks Long & Co to assist in securing expressions of interest from commercial leisure investors/developers/operators in five lots on the Skegness Foreshore. All with direct proximity to the seafront.
WHATS NEXT?
If any of these sites are of interest, then the Council is seeking expressions of interest in the first instance. For further information please contact agents Banks Long & Co.
TIMELINE FOR EXPRESSIONS OF INTEREST
- 31st October 2022 - registration of interest deadline. Prospects to confirm interest in which lot and a high level summary of proposed scheme
- 14th November 2022 - Council to invite shortlisted parties to work up more detailed expressions of interest with support from agent and ELDC on technical enquiries
- 31st January 2023 - Deadline for expressions of interest