Sunday, February 15, 2009

News Article Comments : Enterprise sells a lease for a quid

Liam Thomas

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“A Midland pub has been put up for sale for £1 – less than half the cost of a pint. Wannabe landlords are being offered the chance to purchase The Great Western in Acocks Green, Birmingham, at the rock-bottom price. Current owner Enterprise Inns initially set a £10,000 purchase figure on the three-storey boozer, but failed to attract any offers. Now in a desperate bid to entice a new leaseholder during the credit crunch, the company has dropped the price to a rock-bottom £1. But the incredible figure may be too good to be true. Because any buyer would have to pay extra for furniture and contents – as well as beer and rent to the landlord.” – Birmingham Sunday Mercury

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