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Deadline to save Ten Bells in Stonham Aspal extended

Stonham Aspal, Suffolk. Ten Bells pub which has closed in Stonham Aspal ANL-140225-092715001

Stonham Aspal, Suffolk. Ten Bells pub which has closed in Stonham Aspal ANL-140225-092715001

A bid to save a Stonham Aspal pub has received a lifeline after the deadline for a share issue was given an extension.

The Ten Bells, in Stonham Aspal, has been closed since March of last year.

A share offer was started earlier in the year to buy shares in The Ten Bells, but chair of the management committee trying to save the pub, Tracey Hall, told the Diss Express in February that they were “nowhere near” their target, with less than £100,000 pledged.

Following a meeting last Thursday, between the committee and the 77 members, the deadline for the share issue was extended to April 6. The initial deadline had expired on February 21.

Ian Wright, vice chair of the committee, said: “We are some way short of our target, but we can only hope that this final push will take us to a position where we can do something significant.

“We have to go on with every confidence.”

The pub was listed as an asset of community value until March 6, meaning it was protected from outside bids. But a spokesperson for Punch Taverns, who run the site, said that no offers for the Grade II listed premises had been received.

“We welcome the local support and we would be happy to consider any reasonable offers they put forward. The pub is currently on the open market and no offers have been made,” the spokesperson said.

The pub is listed on the market for £210,000, while the initial fundraising target was set at more than £380,000. If successful, it is hoped the pub will be turned into a community hub.

For more information on the share issue, or to download a share application form, visit www.tenbells.co.uk

 

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