Two long-established South Tyneside pub buildings have been sold.
The Riverside pub, on the corner of the historic Mill Dam, and The West Park, in Stanhope Road, both South Shields, have changed hands.
The Riverside had a guide price of £120,000 when it was sold through specialist property adviser Christie and Co, but is to be retained for licensed use.
However, The West Park, a large four-storey corner building overlooking parkland – which went on the market for an asking price of £255,000 – is to be converted for residential use.
Christie’s licensed sector specialist, Mark Worley, who handled both deals, said: “The West Park has been bought by a firm of local developers, for conversion to residential use.
“It was always going to attract alternative use, given the diminishing trade in a challenging economy, the size of the building and the high density residential surroundings.”
He added: “The Riverside, however, is being retained for licensed use and has been purchased by a very experienced local operator who is expanding her portfolio.
“We wish her well in this venture, which we are sure will be good news for locals.”
The Riverside has had a chequered history in recent years as a series of landlords have come and gone.
It was only in June of last year that Pam Guthrie took over at the watering hole, after former licensees Val and Stephen Simpson had departed.
They left after criticising brewery Greene King over the amount they were charging for rents and beer – a claim the brewery denied.
At the time Mrs Guthrie, 45, said she wanted to put the bad feeling in the past as was looking to restore the fortunes of the pub.
She appealed to former regulars to “give us another chance”.