Sold - and the new owner is... (From Penarth Times)

Sold - and the new owner is...

BEACH CLIFF on Penarth esplanade has been withdrawn from an auction at Bristol Zoo because the building is to be sold back to the Rabiotti family.

Current owners, the property developer Decourcy, said they intended to sell off the building to bidders in individual blocks.

But yesterday, Stephen Fear, director of Decourcy, said: "We are in the process of concluding a deal to sell the building back to the Rabiotti family. On that basis the building has been withdrawn from auction.

"An announcement of the plans for the building will be made as soon as the deal has been completed."

Decourcy also purchased the Penarth baths site from the Rabiotti family at the same time as Beach Cliff.