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Let pending on council-owned O’Neill’s pub in Cleethorpes

A "pending" let sign has been put up on the council-owned O'Neill's pub in Cleethorpes.

Let pending on council-owned O’Neill’s pub in Cleethorpes

It indicates that the resort pub could be opening up again soon.

As reported in March, a number of offers have been made to run the pub.

North East ​Lincolnshire Council confirmed at the time that a deal with an operator will be reached soon to bring the empty pub back into use.

It said discussions were taking place with several interested parties, but could not confirm how many.

Today, they said there was no update - but the sign has been changed on the pub from "to let" to "pending", signalling that things are moving.

As reported, NELC completed the deal to buy the pub in Grant Street at the end of May 2016 as part of its long-term vision for the resort.

It was put on the market to let on a five-year lease for £30,000 a year.

Two months later, Scott's graduate surveyor Andrew Parker said that interest in the building had been "higher than expected" due to its location, but a deal with a tenant has yet to be finalised.

A council spokesperson said last month: "The council and its regeneration partner Engie have been considering offers to lease the premises.

"There is a process of due diligence to be followed in any property transaction to identify a new tenant and agree terms.

"This is currently being undertaken and the council are confident that an operator for the property will be agreed in the very near future and the property brought back into use."

News Courtesy: www.humberbusiness.com

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