Village pub near Banbury goes on the market
A Banbury area pub has gone up for sale after the local college who owns it has recently put it on the market.
Wroxton College (Fairleigh Dickinson University) has recently announced they are unable to move forward with their plans involving the renovation and reopening of the North Arms pub in Wroxton village.
The college announced its intentions on its Facebook page to put the property on the market for sale, with the intention it be sold for continued use as a pub.
The college said it had reached this decision 'regretfully but finally' as a result of: the mounting costs associated with the project, the adverse financial and business situation to-date resulting from the Coronavirus both here in the UK and in the United States and the exceptionally uncertain nature of the future business environment both here in the UK and in the United States as a direct result of the Coronavirus situation.
The North Arms is one of two vacant pubs in Wroxton.
The building closed as a pub and restaurant in 2013. It was made an asset of community value and was the subject of a failed community buyout in 2014. Pledges to buy shares were offered at £500 and the Save Our North Arms Pub campaign received huge support from villagers and former US students of the college.
Wroxton College (Fairleigh Dickinson University) announced in 2016 it had bought the pub and had originally planned to restore and reopen it to the public. confirmed it has been successful in its efforts to get planning consent for the building.