Last orders at Victorian pub
This comes after figures from the Campaign for Real Ale (CAMRA) revealed the number of pubs that have closed to business failure of have an uncertain future doubled in the first half of 2022 versus the last six months of 2021.
Stonegate pubco, who owns the Corporation Street venue, said its lease had terminated.
However, the pub, which was built in 1888, is still advertising Christmas celebrations on its website, promising this festive season will be the “biggest and best one yet”.
Pubs across the country are closing their doors as skyrocketing prices paired with the energy crisis puts the sector under huge financial strain. 50 pubs a month are set to be vanishing from communities across England and Wales, according to data from Altus Group.
Among those is the Elwes Arms in Carlton, Nottinghamshire. In a Facebook post the pair said they had decided to step back as were “getting too old,” but thanked customers for their continued support.
Shutting up shop
The tenancy is being advertised with an annual guide rend of £28,000 and a potential turnover of £362,000.
The number of pubs shutting their doors has soared by 50% in the last three months, with Wales and the North West losing the greatest number of pubs, according to Altus Group.
During the three months to the end of September 2022, analysis of Government property tax records, revealed 150 pubs were either demolished or converted into types of use like homes and offices.
The total number of pubs, including those vacant and being offered to let, fell below 40,000 for the first time to 39,973 at the end of June versus 40,173 at the end of the 2021 calendar year according to Atlus Group’s annual business rates review.
Urgent help
CAMRA has called on Secretary of State for Business, Energy and Industrial Strategy Jacob Rees-Mog, highlighting the impact of the energy crisis on the sector.
“CAMRA’s pub closure figures show in the first six months of this year, the number of long-term pub closures has doubled from the latter half of 2021," chairman Nik Antona said.
“We fear this rate is set to go through the roof unless pubs get the urgent help they need to deal with the energy bills crisis.
“That’s why CAMRA is asking all its members and supporters to contact their local MP and keep up the pressure on the new Prime Minister for urgent action to save the UK’s world-renowned pubs and breweries.”
