It’s now been revealed that the Labour-controlled Penarth Town Council – was planning to redesign the upstairs of the venerable building – and let part of it out as three “reasonably priced holiday apartments”.
It’s the first time such a revelation has come to light about the council’s top-secret – and abortive – plans to acquire and run the Kymin .
Penarth Town Council had been involved in 18 months of top-secret negotiations to acquire the Kymin from its landlords, the Vale of Glamorgan Council.
The scheme became badly unstuck when Penarth Council’s business plan was found not to stack-up and was thrown out by the Conservative-controlled Vale Council.
If Penarth Town Council HAD entered the holiday lettings business – it would be been competing head-to-head with private Bed and Breakfast operators in the town.
All the private B&B’s pay Council Tax and the Penarth Precept – which the council uses to fund its explanding operations. B&B owners would therefore have been paying tax to subsidise a competitive rival – in the shape of the council itself .
In letting out the Kymin as Holiday Apartments Penarth Town Council would have been competing head to head with private B&B operators in the town. The council says the upstairs of the Kymin could have been redesigned to offer 3 “reasonably priced holiday apartments with dedicated access”. The council claims that the plan would have “satisfied a shortage of accommodation in Penarth’s tourism sector”
A council report released last night says the bed and breakfast scheme was envisaged as part of what the council describes as its “future vision” .
Following the failure of its takeover bid for the Kymin the council is now asking the Vale of Glamorgan Council was a 25 year lease on the Kymin site