A town pub that dates back to the 1880s has failed to sell at auction.

Occupying "a stunning historic building" in Lowestoft, the freehold pub with two flats above it went under the hammer last week.

The Grade II-listed Carousel public house was due to be sold as it was listed for auction once more.

Featuring "two recently refurbished two bedroom flats", the "impressive historical building" is situated in a "prominent position" on High Street.

The Carousel pub and flats in Lowestoft was listed for auction. Picture: Auction House East AngliaThe Carousel pub and flats in Lowestoft was listed for auction. Picture: Auction House East Anglia (Image: Auction House East Anglia)

It was due to be sold on a freehold tenure with the business unaffected by the auction as the pub is currently leased until November 12, 2028.

It comes after it was postponed prior to a previous auction and then it went "unsold" at an auction last month - despite the bidding reaching £264,000.

Marketed once more by Auction House East Anglia, the Carousel pub and Flats 1 and 2 at 108 High Street, was up for grabs at an online auction on Wednesday, October 23.

The Carousel pub and flats in Lowestoft have been listed for auction. Inside one of the rooms. Picture: Auction House East AngliaThe Carousel pub and flats in Lowestoft was listed for auction. Inside one of the rooms. Picture: Auction House East Anglia (Image: Auction House East Anglia)

It was offered for sale on a freehold tenure with a guide price of £260,000 to £280,000 plus fees.

Situated within the North Lowestoft Conservation Area since the 1880s when it was known as The Fisheries Hotel in 1892 - becoming The Spread Eagle in the 1900s - it was most recently known as The Wheatsheaf until the pub reopened under its new name last year.

With the pub continuing to be open as usual, ownership of the public house and two recently refurbished two-bedroom flats was up for grabs via the online auction.

Described as "a great ready made investment property", the pub features a bar area, pool table area, seating, function room and an outside terrace seating area.

There is also planning permission for the basement to be converted into a further flat.

But following the auction, the auctioneers said that "the bidding reached £262,000", however The Carousel Pub and Flats 1 and 2 at 108 High Street in Lowestoft was "unsold" at the auction.