Council buys pub for £1million... before auctioning it off for astonishingly low price

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Council buys pub for £1million...

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A former Cornwall pub, bought by the council for £1million, is set to go under the hammer with a guide price of just £150,000-plus, representing a potential loss of more than £800,000 for the local authority.The General Wolfe building on Bodmin Road in St Austell is set to be sold by Clive Emson auctioneers on Thursday, May 7, at a mere fraction of its original purchase price.The Grade II listed property, which received its protected status in 1999, contains 13 one and two-bedroom flats that currently sit vacant.Corserv, the council's public services arm, purchased the property in 2020 with plans to convert it into emergency accommodation.

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TRENDING Stories Videos Your Say However, the building has remained unoccupied ever since, falling into disrepair whilst becoming a magnet for antisocial behaviour in the area.Cornwall Council assumed direct control of the site from Corserv in 2022, but subsequently determined that restoring the historic structure to use was not financially...

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