I emailed Wetherspoons after the initial rumour was posted and got an answer (see below) a couple of weeks ago while I was on holiday . Afraid they are closing and nothing as yet on what will replace. Maybe time to start a campaign?
George
07 July 2014
Dear Mr Crozier
Thank you for your web form dated 28th June and for contacting us regarding our pub in Forest Hill.
I can confirm a decision has been made to shut the Capitol pub in Forest Hill, I apologise for any disappointment caused.
Closing and selling a pub is a difficult decision and not one that is made without considerable thought and debate. We take into account current and potential future trading levels, facilities within the locality (other Wetherspoon pubs and others) and the ongoing rent and maintenance costs.
I am afraid I have no further information regarding who it will be sold to.