JW Lees, the Manchester-based brewer and pub operator, has bought a pub in the North Wales town of Llandudno from Spirit off a guide price of £500,000.

The three-storey site is situated on a 0.8 acre plot with parking opposite Llandudno Junction rail station.

Colin Siebert, director of licensed and leisure at the North West office of Colliers International, who handled the sale, said: “This is the latest in a series of pub sales we’ve achieved in North Wales in 2013 and although the market remains tough, we are still attracting buyers for the right product at the right price.”