PUB chain giants JD Wetherspoon has announced it has completed the purchase of a prominent Whitby pub.
In January the Whitby Gazette reported contracts had been exchanged for The New Angel in New Quay Road, but delays meant contracts were not signed, until Wednesday this week.
The deal is reputed to be nearing the £2m mark with the pub giant looking to invest a further £1.5m in the pub, former Laughton’s night club and takeaway in Angel Yard.
The deal could mean up to 45 full and part-time jobs will be created.
Speaking exclusively to the Gazette on Wednesday afternoon, Wetherspoon’s spokesperson Eddie Gershon said: “We can say that an hour ago Wetherspoon’s completed the purchase of the New Angel pub.
“We are delighted to have completed the purchase and we look forward in due course to redeveloping it into a Wetherspoon pub and hotel.
“We’re delighted we have been able to purchase such a well-known building in the town and are confident that our investment and job creation will be an asset for Whitby in years to come.”
The New Angel has been boarded up since it closed just before Christmas last year.
Since then it has become something of an eyesore in a prominent town centre position, but with Wetherspoon pledging to invest more than £1.5m into the venue, this is now set to change.
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At the moment there is no projected timescale for opening or for work to begin on the redevelopment but Mr Greshon added: “We have enjoyed great success in Scarborough and Middlesbrough and Whitby is a town we have been interested in for a number of years.”
“Whitby has a decent-sized population of its own and attracts tourists and daytrippers so there is an additional group of people that hopefully would come to the pub on a regular basis.”
The pub chain runs more than 800 pubs in the UK and has recently opened its first set of Wetherspoon Hotels.
Queries with the Land Registry initially held up the completion of the deal, but the purchase has now been completed.
In preparation for the redevelopment Whitby Civic Society has removed the two memorial plaques from the New Angel.
These will be restored and put back in place when the work is complete.