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Great Western pub put up for sale - for £1

PROSPECTIVE pub-owners are being given the opportunity to enter the licensed trade - for the princely sum of £1.

PROSPECTIVE pub-owners are being given the opportunity to enter the licensed trade - for the princely sum of £1.

The Great Western pub in Yardley Road, Acocks Green, has been put on the market for the giveaway sum - less than the price of a pint.

The knockdown price, which has been hailed by some as a publicity stunt, was advertised after owners, Shirley based Enterprise Inns, originally failed to attract any potential buyers with an asking price of £10,000.

The original figure might well prove too good to be true, with any buyer having to fork out extra for furniture and contents – as well as beer and rent to the landord.

Current landlady Bridgette Wayre said she was not surprised Enterprise Inns had gone to such extreme lengths to secure a sale of the pub which she admitted needed some refurbishment.

“They’ve been trying to sell it for a while, but I think they have struggled because of the credit crunch,’’ she said.

“Yet it’s a good pub with a lot going for it, even if it does need a bit of refurbishing. I’ll stop here until they find someone to take it on.”

With the British Beer and Pub Association warning pubs are closing at an alarming rate, there are concerns about the Great Western’s future.

Tim Moriarty, a 32 year-old builder from Acocks Green, has been a regular at the pub since he was 18.

“I would be devastated if it closed,” he said.

“It’s a real community pub where everybody knows everybody.”

Keith Gordon, operations manager with London Town Pubs who finds suitable new tenants for breweries and property companies, said: “Whoever purchases it will need a bit more than £1.

“The furniture needs replacing, there’s a rent deposit and stock to be bought on the day they go in, legal costs and some working capital.

“Realistically you can get in for potentially £10,000 to £20,000.”

No-one from Enterprise Inns was available to comment

 

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