news.today
Hello · Register today | LoginHello · My Account[—] [32]
UK

Council in talks to buy burnt-out Alcester pub

Summarised from 2 outlets · Updated 26 Oct, 13:37 · Archive

Stratford-on-Avon District Council is negotiating to purchase the Grade II-listed Three Tuns pub in Alcester, damaged by fire in 2021.

The Grade II-listed Three Tuns pub on Alcester High Street has been derelict since a devastating fire in 2021. The building has been supported by scaffolding that blocks the pavement for the past five years. The property was put up for auction with a guide price of £50,000 in September, prompting Stratford-on-Avon District Council to enter the bidding. The auction listing was subsequently withdrawn after the council's cabinet agreed to pursue direct negotiations.

The council has allocated £200,000 to the project. Up to £80,000 is earmarked for purchasing the freehold and £120,000 for structural stabilisation works to make the building safe without scaffolding. The council confirmed it is currently in direct discussions with the property owner, though no agreement on a purchase price has been reached yet.

The council acknowledged that fully restoring and reopening the property would exceed the £200,000 allocated for initial works. Council reports state that the cost of complete restoration would likely 'significantly exceed the value of the finished asset', creating a long-term and currently unfunded obligation should the purchase proceed. The council said it is undertaking due diligence checks before determining its next steps.

Council in talks to buy burnt-out Alcester pub
Image: Stratford Herald

Comments (0)

How it is being reported

In this story: Stratford-on-Avon District Council · Three Tuns pub · Alcester · High Street

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem