What do you mean by bringing up to today's standards, rip the guts out of it and ruin it? It needs a large extension being built out the back to increase the covers for eating. As it is at the moment you could not afford a half decent chef with the number of covers.
Unfortunately the pub was leased out to Tipples brewery, but things didn't work out very well. Then covid struck and Terry has decided to sell th Bell and concentrate on his pub in Lingwood.
A community pub would be a good idea, it is an Asset of Community Value, as long as Salhouse parish council aren't involved, but that's another story.