Price drops for popular former pub as it remains on sale
An historic pub sitting on the edge of a conservation area has seen its price reduced as it remains on sale.
The Old Stag's Head in Penn in Wolverhampton continues to be available for purchase more than five years after the pub closed its doors and have now seen the price reduced.
The pub is listed on property website Zoopla for offers of £495,000 or above, down from £750,0000, and is being sold as a pub, going back on the market after plans to turn into a six-bed family home were refused last year.
The pub was a staple of the community in Penn, but a slow decline in its trade meant the doors being shut in October 2018 and was put up for sale, with an application by Simply Planning Limited on behalf of the owner requesting to turn the pub into a six-bed family home.
That bid failed after a flood of objections by the community, who said the pub " “contributes positively to the historic interest, character and appearance of the Vicarage Road (Penn) Conservation Area.”
They added that the loss of the building as a pub was “harmful to the character and appearance” of the conservation area.
On Zoopla, the Old Stag's Head is listed as lying "in a prominent location in Penn" on Church Hill, close to St Bartholomew’s Church.
It is described as comprising "of a two-storey detached building of brick construction surmounted by a pitched tiled roof.
"Internally, the property offers a ground floor trading area with a self-contained flat above and outside space immediately to the rear and sides of the property.
"It also has the benefit of a large car park to the opposite side of Pennwood Lane which has a tarmacadam covering and can accommodate up to 70 vehicles."
The property is currently being advertised on Zoopla by Mason Young Property Consultants.
To find out more about the pub, go to zoopla.co.uk/for-sale/commercial/details/60413314