A company with a strong track record in running successful pubs and restaurants in the Westcountry will be the future leaseholder and operator of the Dome on Plymouth’s stunning waterfront.
Plymouth City Council has agreed Heads of Terms for the long leasehold interest to rebrand and refurbish the building to bring it back to beneficial use.
There were five bids altogether as part of the informal tender and all parties were asked to demonstrate sufficient funding to support their offer, to outline the economic viability of their scheme as well as expertise and experience to realise their ambitions.
James Watt, Head of Land and Property at Plymouth City Council, said: “We commissioned JLL to carry out the assessment and to put forward a recommendation to us. Having examined all the offers, we believe the proposal we have chosen to progress is the most viable scheme that will see this key waterfront building back to full use in the very near future.
“The successful party have considerable experience in the hospitality industry running award-winning venues throughout the South West, which shows they have a formula for success. They have great plans for the building which will include a bar and theatre kitchen to be open by next Easter, combined with an indoor play area on the ground floor in the longer term.”
Speaking on behalf of JLL, Michael Easton added: "This has been a thorough process in order to choose the best placed party to undertake such a significant site and turn it into something that will compliment both The Hoe and the seascape of Plymouth Sound. The Dome is a superb venue in waiting and we look forward to seeing the investment and reopening in due course."
We are now progressing the legal work to complete the transaction and hope to make a further announcement in the near future.