
From what I've read, the owner of this bar was the same person who owned the O'Neills shops (many of which were also closed). The bar went into receivership when its owner, Bobby O'Neill, fell into financial difficulties. Before the financial crisis, O'Neill had purchased the nearby Wool Shop premises for a large sum of money.
Later, the building became home to a short-lived bar and grill called Fifty One. Nowadays, it is occupied by Costa Coffee.
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