Plémont site worth ‘as little as £4m’
Saturday 8th December 2012, 2:40PM GMT.
LAND at the former Pontin’s holiday camp could be worth as little as £4m – £850,000 less than developers paid for it in 2005 – a new independent valuation has claimed.
The Treasury department has released the latest estimate of the value of land at Plémont, carried out on behalf of Jersey Property Holdings by a firm of local surveyors.
The new price tag flies in the face of owner Trevor Hemmings’s company, Plémont Estates Ltd, who claim that the area should fetch around £14 million. Previous estimates from the States put a maximum value of £7.8 million on the area.
Jersey’s Treasury department released the latest estimate ahead of Tuesday’s debate on Chief Minister Ian Gorst’s proposition for the States to buy the land on behalf of the public to protect it from development.