The future of Bloxham’s bid to buy the closed Red Lion pub to turn it into a community pub and meeting place is still uncertain.
Committee members of the Red Lion Hub said this week they are still very keen to buy the disused inn but are in the dark about what the owners, brewery Fuller’s, Smith and Turner intend to do with the property.
Chairman Colin Challenger said the village had £300,000 to immediately hand over to secure the sale but the committee is concerned about a ‘raft’ of unusual terms and conditions which render the scheme impossible.
These include a 75 per cent ‘uplift’ clause should planning consent be granted within 25 years and a demand for a mortgage of the property to secure that obligation.
The demands came after Fuller’s had accepted the village’s offer of just over the market value.
“The result (of the uplift conditions) would be that the village would be unable to obtain commercial funding to support the venture and would be unable to fund the business for a full quarter century.
“We remain willing to buy at a fair price and with reasonable conditions. Any renewed offer will be significantly lower and none will be forthcoming unless Fuller’s agree sale of the freehold without baroque and ridiculous conditions.”