Closure fears as Grangemouth pub put up for sale

The Earl of Zetland
The Earl of Zetland

Mangement at Grangemouth’s Earl of Zetland confirmed this week the premises was one of 30 Wetherspoon properties currently on the market to be sold.

The pub, which opened back in 2007 in the former Charring Cross and West Parish Church, has become a regular watering hole and dining experience for scores of local people.

Staff at the Earl of Zetland stated it was continuing to trade at the moment, but would be calling time for good when a deal for the premises was struck. They could not provide a timescale.

JD Wetherspoon put 34 pubs, with an estimated total value of £40 million, up for sale less than a week after it admitted a second year of falling profits, reportedly due to the impact of higher staffing costs.

Wetherspoon has appointed adviser CBRE to handle the sale of the properties in England, Scotland and Wales.

Chairman Tim Martin said: “Every five to ten years we go through a process of disposing of pubs. This is not an anxiety sale, ahead of the Living Wage being introduced next year.

“It is a periodic review of the portfolio. The pubs we are selling average 20 to 30 per cent less sales than other Wetherspoon pubs.”