The Yard is now up for auction but has not arrived in the catalogue as yet. This was bought in 2005 for £320,000 with a 35 year lease agreement of £32,000 a year.
We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn
this picture brings back memeories i used to live in helmingham road when i was younger and my best friends lived at the queens arms i used to play there all the time up in the attic rooms and everything
£320000 with a 35 year lease of £32000 per year???!! Bloody hell that's £1,120,000 in rent and £1,440,000 with the lease premium! And then there's council tax, fuel and water rates, not to mention staff wages and wear and tear costs.No wonder the pubs are shutting fast. Poor sods probably only sold a few pints and a packet of crisps. Very few pubs would take £32,000 a year in the poorer areas now.
Yes, the old breweries used to look after their tenants in a mutually beneficial way. The Pub Companys just want to sell the lease, let people go bust and sell it again. It's a disgrace.
This was in the Planning Apps about a year ago and permission was given for conversion into so many flats.Present owner is an Asian gent who has changed all windows over this last Summer to U.P.V.C. double glazing.
Change of public house to retail and residential to provide 4. no 2 bed first and second floor apartments and retail shop outlet and coffee lounge on ground floor plus amenity area and bicycle storage including new roof.
Although the last two applications were successful.
