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20 Pubs and Bars sites on sale with Christie+Co

Start a new threadBy John Harrington, M&C Report , 30-Jan-2013

Related topics: Property News

Twenty sites that were previously part of the Pubs ‘n’ Bars estate have been placed on the market with Christie + Co for a combined asking price of c£6.25m, M&C Report has learnt.

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 the pubs are as far afield as Loughborough, Brighton, Southend-on-Sea and the Rhondda. They are available as a portfolio, in clusters or as individual asset purchases.

Simon Chaplin, director of Christie+Co, said: “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 with Grant Thornton UK LLP.

At its height the company operated c90 sites. It’s likely that more Pubs ‘n’ Bars sites could be placed on the market at a later date.

The 20 sites placed on the market are: 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.

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