South Tyneside’s pub trade appears to have reason for cheer as another watering hole looks set for a new lease of life after being snapped up.
Specialist property adviser Christie and Co has overseen the sale of the Trimmers Arms in Commercial Road, South Shields.
The landmark venue, famous for its beer festivals and live music, had an asking price of £360,000, and it has now been taken over by a buyer said to be local and with experience in the pub trade.
The three-storey building was put on the market by previous owner Tom Moyse.
Mark Worley, pub negotiator and associate director at London-based Christie and Co, said: “The Trimmers is an excellent venue and had been extensively refurbished and upgraded by our seller client, who although not an experienced operator, had succeeded in reviving the fortunes of the pub after a period of stagnation.
“The new owner is now able to further capitalise on this work, and we expect the levels of trade and reputation to continue to grow.”
The last few years have been troubled ones for the borough’s licensing trade.
Several bars have bitten the dust, including the Commercial Hotel at Holborn in South Shields, demolished as part of the redevelopment of the riverside.
And the West Park, in Stanhope Road, is set for conversion into a Sainsbury’s supermarket.
But there have been more positive developments in recent months, including the retention of the Roadhouse pub in Hebburn, originally set to be flattened to make way for regeneration work, and the sale of the Riverside pub at Mill Dam in South Shields.