I've just been taking a look at the website of estate agents Fleurets, who specialise in licensed premises. There's a sobering statistic on the front page that one-third of the pubs they sold in 2008 went for "alternative use". There are at least seven pubs in my local area with their freeholds up for sale which "may be suitable for alternative use". They say they currently have 697 pubs on their books, which is over 1% of the total number of pubs in the country - and that's only one firm of many.
It makes interesting reading to keep up with the movements in the property market, but it really does underline the upheaval that the pub trade is currently experiencing.