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The Atlantis Tower Complex brings in rent of around £100,000 a year.
- Credit: Archant
Great Yarmouth’s most iconic landmark must be sold after the company behind it signed an “outrageous” loan agreement that left it financially ruined.
Receivers have been appointed to sell Atlantis Tower - now known as the Tower Complex - after the company which owns it, Tower Building Ltd, saw an emergency loan of £1.1m spiral into a debt of £3.6m.
The loan was signed in 2019 by directors of Tower Building Ltd, Colin and Chantel Abbott, as the company sought emergency funding when a previous investor withdrew.
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