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Banjo
04-04-2012, 12:45 PM
Former Farlane pubs sold at auction
http://www.morningadvertiser.co.uk/Property-News/Former-Farlane-pubs-sold-at-auction
By Gurjit Degun
Seven out of eight closed freehold pubs formerly owned by Farlane Property Group, which was placed into administration in 2010, have been sold at auction.
The pubs were sold for prices ranging between 35,000 and 95,000. Farlane Property Group owned 43 pubs when it was placed in administration with PricewaterhouseCoopers (PwC).

■ The Golden Fleece in Calderbridge, Cumbria, sold for 95,000. It had a guide price of 25,000 to 35,000.

■ The Pemberton Arms in Cold Hesledon, County Durham, sold for 76,000. It had a guide price of 45,000 to 55,000.

■ The Ballarat in North Shields, Tyne and Wear, sold for 46,000. It had a guide price of 20,000 to 30,000.

■ The Crown Hotel in Bury, Lancashire, sold for 66,000. It had a guide price of 35,000 to 45,000.

■ The Commercial in Millbrook, Greater Manchester, sold for 40,000. It had a guide price of 30,000 to 40,000.

■ The Copperfield in Birkenhead, Merseyside, sold for 35,000. It had a guide price of 20,000 to 30,000.

■ The Castle in Distington, Cumbria, sold for 72,000. It had a guide price of 25,000 to 35,000.

■ The White Swan in Ince, Lancashire, is still available for 45,000.

Other freehold pubs that sold at the auction included the Crown Inn in Bingham, Nottinghamshire, which sold for 710,000. It had a guide price of 650,000 to 700,000. The Everest Hotel, Eastway in Liverpool, Merseyside, sold for 900,000. It had a guide price of 775,000 to 825,000. These are let to JD Wetherspoon.

An unnamed cocktail bar in Haywards Heath, West Sussex, sold for 635,000. It had a guide price of 575,000 to 600,000. The Green Dragon in Essex sold for 640,000. It had a guide price of 600,000 to 650,000. These are let to private tenants.

The Steamboat Inn in Long Eaton, Nottinghamshire, was withdrawn from the auction. It was offered on behalf of the liquidators of the Waterside Pub Partnership, PwC.