Burnt-out Corby pub sold for nearly half a million pounds at auction
A Corby pub that has been repeatedly targeted by vandals, arsonists and urban explorers has been sold for £480,000 at a property auction today (Wednesday).
The winning bid was nearly double the advertised guide price of £250,000 published by BTG Eddisons Property Auctions.
Known locally as ‘The Rock’, The Rockingham Arms, built in 1955, was one of Corby’s most popular pubs and venue, but closed to customers ten years ago.
Owners, Tadcaster-based brewery Samuel Smith’s, had introduced strict rules which included no TVs, no swearing and no mobile phones.
For a decade the imposing building in Studfall Avenue has remained boarded-up, leaving it vulnerable to break-ins and arson.
The new owner has bought the freehold, three-quarters-of-an-acre site with ‘development potential’ – according to particulars – subject to the appropriate planning consents.
The auction, run by BTG Eddisons, was held by livestream today.