Caia Estate Pub Up For Auction

NOTE: This content is old - Published: Thursday, Jul 3rd, 2014.

The Red Dragon pub in Caia Park is going to auction this month, with hopes a new owner may revive it.

The pub is due to go under the hammer on the 23rd at a Pugh Auction at Aintree Racecourse in Liverpool with a guide price of £120,000.

The particulars descibe the site as: “A detached public house with ground floor trading area approximately 256 square meters with residential accommodation to the first floor, let at a current rent reserved of £20,800 pa”.

The pub is leasehold for 1000 years from 1962, with a peppercorn rent of £1 a year.

The site is described as 0.37 Acres with the following plan:

Previously plans to turn the pub into a rehabilitation centre for people with brain injuries were rejected by the council.

The current landlord has posted on our Facebook page seemingly unaware of the auction this month saying: “The pub went up for auction last month not this month and wasn’t sold it is still open not closed , I know as I’m the present land lord, incorrect news is not doing my trade any good as I said we are definitely open and trading.”

The auction listing for this month is here as Lot 45 on the Pugh Auctions site.

More Wales News.

What do you want to read next?