Thu, 25 Aug 2011 | BUSINESS SALE
Eight pubs in Wales remain on the market, after failing to sell at an auction in Newport this week.
The eight venues - all found in some of the more urban and industrial areas of South Wales - are in need of owners who are able to adapt them to meet the demands of modern pub goers, which, according to the Campaign for Real Ale (CAMRA), are diverse drinks and ales and good eating provisions.
One pub, the New Inn in Clydach, north of Swansea, was sold for £155,000 - well below its guide price of £200,000. John Rees, who put in the bids for the pub, said the new owner was looking to turn it into an Irish-themed pub, to try to offer something new to people in the former industrial town.
"We are very determined that it is going to be something and we want to bring good food, good hospitality and a good atmosphere," said Rees.
Other properties that remain for sale through agents, Sidney Phillips and Co, include the Royal Oak in Treherbert - a substantial two-bar, four-bedroom freehold with a guide price of just £120,000. The White Horse, in the coastal town of Llanelli, is also for sale, with a garden and car park included in its £165,000 guide price.
Sidney Phillips and Co's Robin Mence said that the pubs were in need of owners who could keep up with the evolution of the pub trade.
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