Blackpool pub is put up for sale

The Wetherspoons pub The Auctioneer on Lytham Road in South Shore after a major re-vamp in 2014
The Wetherspoons pub The Auctioneer on Lytham Road in South Shore after a major re-vamp in 2014
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A popular Blackpool pub is up for sale as its owner looks to offload 34 nationwide worth £40m.

The Auctioneer in Lytham Road, which underwent a refurbishment in July 2014, has been put on the market by Wetherspoons.

The pub chain has three other pubs in the town, The Layton Raikes, the Albert and the Lion and the Velvet Coaster which opened this year and is the biggest pub in town.

Wetherspoon spokesman Eddie Gershon said: “We can confirm that The Auctioneer in Blackpool has been put up for sale by Wetherspoon.

“We have taken a commercial decision to put 34 of our pubs on the market and this includes one of our pubs in Blackpool.

“We appreciate that our customers will be disappointed with the decision and hope the blow will be softened by the fact that we have other pubs in Blackpool.

“The pub will remain open and trading as normal until a buyer is found.”

It is thought that places for the staff may be found at other Wetherspoons pubs or they could choose to stay and work for the new owners when they are announced.

It is the biggest sell-off by Wetherspoons since it was founded 36 years ago and follows the offer for sale of 20 leasehold pubs.

This latest tranche are long leasehold or freehold pubs and are ones which generally give 20 to 30 per cent less sales than others.

They have been reported to have a combined turnover of around £38m and average weekly sales of £22,000 from each pub.