Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 2°C

Search

Stonham Aspal: Doubt project to reopen The Ten Bells pub will go-ahead

06:00 04 March 2014

The Ten Bells pub in Stonham Aspal

The Ten Bells pub in Stonham Aspal

Archant

The chairman behind a group campaigning to raise money to allow a community to buy its village pub has admitted that the project is unlikely to go ahead.

shares

For months the group, which has been trying to reopen The Ten Bells, in Stonham Aspal, has worked to encourage people to put forward money to own a part of the pub, near Stowmarket.

There was hope the pub would open in Easter as a “community hub” with options to include a shop and a meeting area within the establishment which has been empty since March last year.

But Tracey Hall, chairman of the group, said just under £63,000 had been pledged in shares in the pub, which is currently protected from outside bids as it is recorded as a community asset.

The pub is listed on the market by owners Punch Taverns for about £200,000, according to the group.

“At the moment it will probably not happen but I cannot say for sure until we have a meeting on Thursday,” Miss Hall said.

“We have invited everyone who has invested to the meeting. I think given the fact that we have not got a 40% deposit means it’s highly unlikely that it will happen which is really disappointing. I think it’s a real shame because I think people have missed an opportunity.”

She said that the group would need to raise a deposit of at least 40% to be considered for a loan for the remaining amount.

“I think we will have to ditch the idea unless someone comes up with a vast amount of money – maybe double the offering, then it’s a different ball game,” Miss Hall added.

On top of the cost of purchasing the building, the group would need thousands of pounds for the pub’s refurbishment as well as ongoing running costs. The group believes the pub would need substantial investment before it could be opened. The original fundraising target was more than £300,000.
Around 60 people have pledged money in pub shares – including holidaymakers who have been to the village and former residents of the area. An option which could be considered is whether to run the pub as a limited company if about half a dozen investors can be found.

shares

1 comment

  • How can a pub that looks like that not at least wash its face as a business and going concern? There wasn't a pubco involved was there? What's happened to this great looking pub is part of what is known by publicans as The Great British Pubco Scam. Much worse than the train robbery.

    Report this comment

    J Mark Dodds

    Tuesday, March 4, 2014

A body has been found in a flat in The Street in Bramford.

A man found dead in his flat after failing to turn up for work has been named locally.

There were 7,365 admissions to Suffolks two main hospitals in 2014/15 where obesity was the main reason for a person being admitted or was a secondary factor. Photo: PA.

Obesity levels are worse in Suffolk than every London borough, a new report revealing the growing challenges facing the county’s health chiefs has shown.

Firefighters at the scene of a fire at The George, Wickham Market, in 2013

Fresh calls for answers as to the future of a medieval Suffolk pub have been issued after more than 200 people turned out to a public meeting on the matter last week.

USAF fighter planes from RAF Lakenheath taken from a C130 Hercules

Almost £250,000 has been paid out in compensation for damage, injuries and loss of livestock caused by low flying military aircraft in East Anglia over the past five years, figures show.

Pupils and Students outside Bealings Primary School where they are planning to boycott classes next Tuesday as a protest against SATS.

A group of parents from Suffolk are planning to take their children out of school for the day in a show of protest against SATs exams.

Dr Krissie Wilson, a UCS on Ipswich Waterfront

Why do people believe in so many weird things?

Three arrests in rogue trader inquiry

Three suspected doorstep conmen have been arrested in Ipswich after residents at two addresses reported rogue traders calling on them.

Engineers will be carrying out more work on the main line over the bank holiday.

The main rail line between London and East Anglia will be closed again on Sunday and Bank Holiday Monday as Network Rail engineers carry out more work in the Shenfield area.

Stock image.

Emergency services have been called to a two-vehicle crash in a village on the Suffolk/Essex border.

File picture of an Abellio Greater Anglia train.

A person has been killed by a train at Romford station, British Transport Police has confirmed.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24