H&W tenanted sites offered as leasehold

Hall & Woodhouse is converting some of its tenanted estate into leasehold.

The Dorset-based brewery has instructed Christie+Co to market 11 tenanted pubs in Devon, Dorset, Hampshire and Sussex as leasehold opportunities.

Investment and development programmes are plann-ed for many of the pubs.

Hall & Woodhouse director Andrew Younger said: "The potential of these individual pubs has been carefully considered, and we have decided that a number of units are worthy of extensive investment - between £200,000 and £500,000.

"We are excited about the opportunity to attract many more operators to our estate and help build strong businesses in these pubs."

The premiums for the

15-year leases range from £15,000 to £45,000, depending on the pub and rent.

"We have identified outlets that would benefit from longer term operators with a significant amount of capital, but we are not planning on changing our whole estate," added Younger.

The brewery has a tenanted estate of 200 pubs and a managed estate of around 65. The majority of the leases offered for the 11 conversions are with partial or full ties.

"Pubs that are heavily food- led, for example, will not have ties but the others will vary from full to partial ties," added Younger.

Christie+Co director Simon Chaplin said: "Many of the pubs are well-established, with a good local following.

"They all offer opportunities in terms of expanding food trade, developing the function business or adding letting accommodation. By leasing these properties, Hall & Woodhouse is encouraging new lessees to create a quality business from which they can benefit in the future."