Ocean building on the market for £2.7m - but LED Leisure Ltd say lease will be ‘unaffected’

PUBLISHED: 17:30 19 July 2018 | UPDATED: 10:04 20 July 2018

Ocean, in Exmouth, which has been put on the market

Ocean, in Exmouth, which has been put on the market

Archant

An iconic entertainment complex which dominates the Exmouth seafront skyline has been put on the market.

According to agent Vickery Holman Property Consultants, Ocean Blue, in The Esplanade, is on the market for £2,700,000.

The facility, which opened its doors for the first time in 2012, has 12-lane 10-pin bowling, a gaming area and the Ocean Bar and Grill, with a seating capacity of 100 on the ground floor and a large children’s soft play area and café for 240 children.

On the first floor, there is a second restuarant - known as ‘The Deck’ - which seats a capacity of 90 covers.

There is also a function suite, bar and two outside terraces which has become a popular wedding venue with a capacity for 350 people.

The complete site is subject to a 125-year lease with East Devon District Council and was sublet to LED Leisure Ltd for 25 years in 2015.

The Journal understands this agreement will not be affected by the sale of the building.


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