Social club for sale to clear £56k debts
A ONCE thriving social club in Bodmin has hit financial trouble and been put up for sale.
The Garrison Club on Omaha Road has found itself with debts of around £56,000, forcing it to close.
A meeting of members and trustees has voted to sell the premises in the hope that a buyer will be able to reopen the club as a going concern.
Another option would be to sell the property to a developer for housing, but at this stage the members prefer to see if it could be retained as a club.
The Garrison Club was opened more than 40 years ago and was a focal point for social activity in the town, but in recent times it has seen fewer people using it.
That, and increased running costs including a large hike in utility bills, has contributed to its demise.
Terry Hayes, a Garrison Club member and a former club secretary, said the property as it stood had been valued at £130,000.
It was hoped a buyer would keep it as a club.
"A meeting last weekend of members and trustees voted 125 to 18 to try and sell it as a going concern, and we're meeting again on September 21 at Bodmin Football Club to discuss the matter again and see what bids we've received," said Mr Hayes.
"We have a membership of more than 400, but the number of people coming to the club these days hasn't been great.
"On Saturday nights in particular it used to always be very busy, with entertainment provided, but recently sometimes there'd be fewer than 20 people coming to the club on Saturdays, which has been unfortunate."
Mr Hayes said the land on which the club stood could be worth £200,000 if planning permission for housing was obtained.
The members own the building, and after the debts are paid off, they would be eligible to share the remaining funds.
"The members and trustees are keen to see the club saved, and we will just have to see what happens next," said Mr Hayes.