Forty-six are being offered for sale on behalf of PricewaterhouseCoopers, the joint administrators of Pubfolio and Goldtry, both of which collapsed in September 2009. The remainder are thought to have been owned by Pubfolio subsidiaries.
All but 10, which are long-leasehold with fixed low rents for the duration of the term, are freehold. The sites are spread across the UK and range in price from offers invited to £325,000.
Noel Moffitt, director of Christie+Co, which is handling the sale, said: “The properties are available to purchase individually or in groups and are offered as vacant possession. Many offer real opportunities for alternative use.”
Pubfolio established itself at the beginning of 2005 after completing on a deal to buy 545 pubs in the old Innspired estate from Punch for £162m.
The pubs, which were managed by County Estate Management, were mostly wet-led. The business model was to sell chunks of the estate to property investment outfits — a strategy that suffered in the downturn.
A smaller operator, Goldtry, was placed into administration at the same time as Pubfolio.
Management of the sites had been handed to Pebble Management, headed by Ted Kennedy.
