Popular pub closed after 33 years due to Covid-19 goes on sale for over half a million

A Lincolnshire pub that closed after 33 ‘wild and wonderful’ years is now up for sale for over half a million.

The Castlegate in Grantham, located at 69 Castlegate, was well known for providing live music and entertainment.

The pub was incredibly popular with local drinkers, many of whom expressed their sadness at the loss of the pub after it was forced to shut due to the impact of the pandemic.

The venue is now for sale, with a hefty £620,000 price tag.

On the property website Prime Location, it lists the former pub as an ‘excellent opportunity’ as the building sits in a ‘prominent position’ in the town centre.

The website says: “The highly visible and imposing former public house offers deceptively spacious and versatile accommodation which would suit a host of licensed, commercial uses or residential development subject to obtaining the relevant local authority planning permission.

“There is potential in the property to develop the ground floor into additional living accommodation with the potential for one or two additional self-contained flats. There is also scope within the loft space to develop and add Additional living accommodation.

“The area is very much in demand for living accommodation and could make a good return on an investment.

“This is a rare opportunity to purchase an imposing period property with potential for various future uses such as a restaurant or residential conversion as it is ideally positioned within the town centre which provides high residential demand.

“To avoid disappointment, viewing is highly recommended at the earliest opportunity.”

On the closure, the owners of the pub said: “A spokesperson for the pub said: “Our journey has taken 33 years to complete and it’s truly been a wild and wonderful ride.

“We have enjoyed each and every step that you have all shared with us.

“The time is now right to hang up our pint glasses and call time on the bar.”

Source Article