Popular Loftus pub goes up for auction

Written by: Paul Thompson on 6th October 2020

Popular Loftus pub goes up for auction

The Mars Inn in Loftus has been put up for sale with auction house Pugh. The pub, which has been given a guide price of £125,000, will go under the hammer later this month, along with more than 100 other properties and plots of land.

The popular pub and restaurant has two bedrooms and is set on a third of an acre with beer gardens and car parking on Deepdale Road in Loftus.

Pugh managing director Paul Thompson said: “The Mars Inn is in a fantastic location in Loftus, which is close to the Yorkshire coast and midway between Saltburn and Staithes, both of which attract large crowds of visitors, especially right now, when a UK staycation has become the holiday of choice for almost everyone.”

He added: “The pub could represent an attractive development opportunity for an investor, subject to gaining the necessary planning consent, and whether that was residential of commercial it would be tremendous to see it continue to be an asset to the Loftus community, in whatever form.”

Since the onset of the coronavirus pandemic in March, Pugh has sold more than 190 lots totalling over £20m at its auctions, which have been held online.

Our next auction, featuring properties and land across the UK, including the Mars Inn, will be held
on 21 October. For more details and to view the full auction catalogue click here.

If you have property or land to sell, our innovative online auction platform offers all types of lots including land, residential properties and commercial premises across the UK. Simply follow this link to arrange your FREE auction appraisal.

Written by: Paul Thompson on 6th October 2020


About the Author

Paul is a Chartered Surveyor and member of the National Association of Valuers and Auctioneers (NAVA). He is also one of the few auctioneers in the country with a position on the RICS Real Estate Auction Committee.

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