Former Holywood pub site expected to be snapped up and redeveloped
A derelict pub and listed building in Holywood have gone on sale for around £400,000.
The Old Priory Inn in the Co Down town’s High Street has been empty for around 10 years.
Now it’s gone on the market through GVA NI and Templeton Robinson, along with a listed office building attached to the back of the pub.
The licence attached to the Old Priory Inn has lapsed so the site is expected to sell for redevelopment, according to GVA NI director Gavin Weir.
It’s understood the seller had acquired the site around nine years ago, but did not sell it due to the collapse in the property market.
Mr Weir said: “We are not selling it with a liquor licence, but we expect it will still be sought after.
“It is pretty rare for a property to come to market right in the centre on Holywood.
“The seller acquired it back in 2007 and it’s only now that the market has sufficiently recovered to consider selling it.”
An earlier planning consent for residential or commercial development has lapsed.
But Mr Weir said he expected a prospective buyer would be attracted to the idea of building apartments on the site.
It’s likely that the pub would be demolished, he said — though the three storey building attached to it has listed status.
“It’s highly likely the property will be redeveloped for residential use. Holywood has a lot in its favour, including the leisure angle, as well its convenience to Belfast,” Mr Weir added.
Three years ago, Wine Inns sold its Wine & Co bar/restaurant in Holywood for around £500,000.
It was snapped up by Martin Wolsey, brother of Merchant Hotel owner Bill.
Mr Wolsey converted Wine & Co into rustic pub and restaurant Johnny the Jig.