The Kings Arms in Bideford remains closed as freeholders place ‘notice of peaceable re-entry’ on its frontage.
The Kings Arms pub in Bideford remains closed following a meeting of creditors this week.
The pub on The Quay has been boarded up since New Year’s Eve, posting on its Facebook page that it was ‘closed until further notice’.
On Monday, creditors of leaseholders Inn on the Quay Ltd met as part of insolvency proceedings.
Also on Monday, freehold owner Enterprise Inns PLC re-entered the property and a ‘notice of peaceable entry’ posted on the building said the lease was now at an end.
The lease of the pub is currently being advertised with estate agents Webbers at a value of £110,000.
Tony Foster, handling the sale, said: “This is a truly traditional Inn selling real ales and is a wet-led pub business with a substantial six-figure turnover.
“This attractive character Grade II listed three-storey property is believed to have been constructed in the mid 1500s as a public house and inn.
“We are offering a long 20-year lease for sale and this pub is located in a prime trading location, hence the very high takings, from local, commercial and tourist custom.”
The Gazette has contacted Enterprise Inns PLC and Inn on the Quay Ltd for comment.