A portfolio of five freehold pubs formerly managed and operated by the Northamptonshire-based HK Taverns, which went into administration last month, has been placed on the market.
Colliers International has been instructed on behalf of Baker Tilly Restructuring and Recovery LLP, Joint Administrators of HK Taverns Limited to dispose of the portfolio, which includes one of Rutland’s finest gastro pub and hotels, the Admiral Hornblower.
The sites are located in Grantham, Nottinghamshire; Rothwell in Northamptonshire; Boston and Dyke in Lincolnshire; as well as Ruthland in Leicestershire. All properties in the portfolio are still currently trading.
HK Taverns, headquartered in Corby, managed and operated approximately 50 pubs in the East Midlands ranging from small community pubs to large food- led operations, when it went into administration.
Paul Hands, director at Colliers International, said: “We expect a good level of demand for these properties, whereby potential buyers may wish to purchase the pubs individually or as a group. We anticipate that these sites all have the potential to develop trade with the right operator and investment behind them.”