Well known pub ready for redevelopment set to go under the hammer

A well known pub near Wolverhampton that has been closed for nearly two years and is now earmarked for residential development is to go under the hammer at auction next week.

The former Old Mitre pub at Bursnips Road in Essington is offered as a development site with planning permission for the demolition of the existing building and the construction of nine two bedroomed apartments with associated parking and extra parking available across the road.

It has a guide price of £275,000.

Nick Trow, commercial auction valuer at SDL Auctions Graham Penny, said: “This is a ready-made development opportunity on a site measuring approximately 0.92 acres. It already has planning permission in place, but we believe the property could be suitable for a variety of alternative uses, subject to planning permission.”

SDL Auctions Graham Penny’s Nottingham auction will be held at Nottingham Racecourse on Tuesday 4 September.