A PUB which has been put up for sale has announced it will temporarily close for a refurbishment as it cites it is “losing money every week.”

The Red House pub, in London Street, Whitchurch, on the market for £475,000, has been closed since Monday, October 29.

A statement online revealed a refurbishment of the kitchen and toilets needed a period of closure, as it was not financially viable to put in temporary toilets and the pub would be without the facilities for “several months”.

It added: “The secondary reason for closing is that the pub is currently not taking enough money to cover its expenses and is losing money every week.

“Keeping it open is draining funds that are meant to be spent on the refurbishment and continuing to do so would have a negative impact on future works.

“While the works are carried out to the building it will remain actively on the market and it is hoped that a new owner/operator will be found to take the pub forward as a pub in future.”

The freehold is being advertised with chartered surveyors firm Fleurets, highlighting the “historic village pub’s” original features, bar and dining areas, car parking and customer garden and potential for letting rooms.

The statement added if a sale is not achieved by the time works are completed, the owners will aim to get further funding for a full refurbishment of the building to allow it to fully reopen.

At this time however, lenders are not supporting further funding.

The pub statement said: “We would like to thank our loyal regulars, our occasional customers and al others who have supported us.”

“We are grateful for your efforts and will be doing our utmost to ensure The Red House remains as a pub in the future.”

A meeting was held in Whitchurch Town Hall on Tuesday to gauge any interest of making it a community-owned pub.