Downham Market Club on Paradise Road was today auctioned off to a new owner for £750,000 after closing in 2021.
The club faced a decline in membership in recent years, which the club management attributed to the 2007 smoking ban as well as the more recent take over of Bridge Street’s The Whalebone by the national chain J D Wetherspoon. In November 2021, shortly after reopening from the long period of covid lockdowns which forced many such businesses to close, the Downham Market Club announced it would not be opening its doors again.
Today, 22nd March, the property went up for auction at East Anglia Auction House. The auctioneers set a £500,000 – £600,000 guide price for the land and property, listing it as suitable for many uses including a “potential for residential development” which would be subject to planning permission. Before the auction started, the guide price was increased to £650,000 – £750,000.
The auction, held in Norwich and live-streamed online, had interest from a number of proxy, telephone and online bidders. The bidding started at £650,000 and the winning bid was made by a telephone bidder at £750,000.
Downhamweb has reached out to the auctioneers to try to contact the winning bidder to ask for comment but has yet to receive a response.