Twelve freehold pubs set to go to auction with Sidney Phillips
The pubs, priced from the £120,000 Walnut Tree in Bridgend, Mid Glamorgan, up to the £285,000 Wheel Inn in Worfield, Bridgnorth, Shropshire, are to be sold to the highest bidder at the Celtic Manor resort in Newport, south Wales, on Tuesday 4 June.
Sidney Phillips managing director Robin Mence said previous auctions have proved successful, as most sellers tend to make a decisive move to sell at a very competitive price.
“The auctions over the last four years have achieved a success rate of 65% to 80%,” said Mence. “Pubco and brewery sales always generate a healthy level of interest as it’s often the first time that a particular pub has been available to a private investor for generations.”
Mence cited the Slak Bar (formerly the Garricks Head) in Cheltenham, Gloucestershire, as one such example. “Located in the very centre of Cheltenham, the Slak Bar is probably on the open market for the first time in approaching a century.”
The other pubs available at the auction are: the Travellers Well, Neath, West Glamorgan (guide price: £125,000); Dunes, Aberavon, West Glamorgan (guide price: £125,000); the Anchor Hotel, Cardiff (guide price: £195,000); the Bowling Green, Hereford (guide price: £245,000); the King Alfred, Masteg, Mid Glamorgan (guide price: £125,000); the Red Lion, Arlingham, Gloucestershire (guide price: £245,000); St Ives inn, Neath, West Glamorgan (guide price: £180,000); White Hart Inn, Cinderford, Gloucestershire (guide price: £225,000); Ashgrove Inn, Neath, West Glamorgan (guide price: £165,000).
According to Mence, Sidney Phillips holds at least one auction every three months. “We expect this to continue for the next few years, but it will be dictated by demand,” he added.
