BREAKING NEWS: Eastbourne’s Treasure Island is sold

TREASURE Island has been sold.

The adventure park shut down suddenly last March and remained closed during the summer season as administrators talked to various parties which wanted to take it over.

This week administrators at Begbies Traynor revealed a deal had been struck between Eastbourne Borough Council, which owns the site, and TI (Eastbourne) Ltd.

The company has taken over the lease of the seafront attraction for an undisclosed sum which includes rent arrears of around £30,000 being paid back to the council.