A derelict heritage building in a prime position on Market Rasen high street is finally being given an exciting new lease of life.
The Goldmine bar in Queen Street - which has been vacant for seven years - has been bought at auction by Market Rasen Business Improvement Group directors Darren Lince and Sara Scott.
Mr Lince - who owns the Advocate Arms in the same street - and Ms Scott, a brand and marketing consultant, say they will bring the property back into meaningful use to benefit the high street.
Ms Scott said: “Having been hands-on with initiatives to regenerate our high street for the last two years, we can see plenty of positive improvements, but certain problem properties continue to blight our efforts.
“Looking forward, we believe that sustained growth requires us to tackle these long-term challenges head on.
“Solving them will inevitably require private sector investment – so we thought we’d lead by example.”
Late in 2011, the building was considered to be such an eyesore West Lindsey District Council intervened to do some remedial work.
The interior of the building is currently in very poor condition and has been subject to vandalism.
The exact use of The Goldmine has yet to be decided.
But as a listed building any development will have to undergo close planning scrutiny.
Mr Lince said: “At this stage we’re simply exploring ideas. It’s unlikely that The Goldmine will reopen as a pub as Market Rasen is already well served in that respect.
“Our aim is to bring the property back into use to benefit the high street and deliver services that local residents and businesses want.
“It’s unlikely to be a quick project as the building has been badly neglected.
“We know that this property has been the focus of much speculation over the years and as the oldest pub in the town, it is a place of historical significance.
“We are having the building assessed from a health and safety perspective and once we have a green light, we will be opening the doors for a day.
“We will invite interested members of the public to take a look,share their memories of the premises and put their ideas for its future forward.
“Once we have a date for that event, notices will be posted in the property’s windows and all will be welcome. From there we will begin to formulate firm plans that will bring the building back to life.”