Twenty sites from the Pubs ‘n’ Bars estate are being brought to market by specialist property adviser Christie + Co. The pubs, comprising a mixture of freeholds with vacant possession, long leaseholds, tenanted investment opportunities and managed houses, are predominantly situated in the south east of England — including four sites in London.
However pubs are as far afield as Loughborough, Brighton, Southend-on-Sea and the Rhondda. The 20 pubs have a combined asking price of around £6.25 million, and are available as a portfolio, in clusters or as individual asset purchases.
Simon Chaplin, Director of Christie + Co, commented:
“The pubs are in good locations with the potential for excellent trading. Over the last year or so, we’ve seen a number of experienced operators return to the pub sector with acquisitions, as well as the rise of local and regional entrepreneurs. These 20 pubs are certain to arouse the interest of both experienced investors and those seeking to gain a foothold in the sector.”
Pubs ‘n’ Bars went into administration in December 2009 and David Thurgood, Trevor O’Sullivan and Nick Wood of Grant Thornton UK LLP were appointed to manage the portfolio.
The full list of sites is:
• Angel Hotel, Coleford, Gloucestershire
• Hand & Squirrel, Talbot Green, Rhondda
• Harry’s Bar, Yeovil, Somerset
• The Cambridge, London SE19
• Carramore, London NW10
• Innisfree, Wembley, London
• Royal Standard, London SE1
• Eddystone, Plymouth, Devon
• Blue Boar, Southend-on-Sea, Essex
• Clouseaus, Westcliff-on-Sea, Essex
• Lamb & Lion (aka Sherlock Holmes), Westcliff-on-Sea, Essex
• Royal Albion, Walton-on-the-Naze, Essex
• The Ship, Tiptree, Essex
• Three Stars (aka Black Bean), Chelmsford, Essex
• Fox on the Downs (aka Winner), Brighton, East Sussex
• Hobgoblin, Loughborough, Leicestershire
• Foresters Arms, Bagshot, Surrey
• Royal Oak, West Molesey, Surrey
• Imperial Arms, Farnborough, Hampshire
• Gamekeeper (aka Inn for All Seasons), Charminster, Dorset