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Why The Property Boom Spelt Curtains For Many Traditional Pubs

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10) Do the maths. As a pub, the Parr’s Head was worth roughly £500,000. With approval for it to be de-pubbed, the building was sold on for £1.3m. As six separate flats, it ended up going for a total just shy of £3m.

Even if a pub is well patronised, the figures make it just too attractive to rule out converting to residential flats.

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