Appalling. This is called The Great British Pubco Scam.
|photo from Get Reading|
This commercial activity of closing pubs and selling them as property assets has a permanent destructive impact every community it happens to. These companies run down the pubs by fleecing successive tenants, charging too much rent and up to double the open market price for the supplies they oblige them to buy, churning tenants through the pub, lease after lease, until the buildings become so run down no one will rent them again
Look around our cities, towns and villages. Look across the entire landscape from John O'Groats to Land's End. Nowhere is immune to Pubco Blight. It's worse than Dutch Elm disease and Ash Die Back put together, it's impacting communities everywhere as we lose our places of congregation and comfort, our most treasured places, our homes away from home, forever.