JD Wetherspoon has appointed Savills and CBRE to sell 11 of its pubs.
The properties, which comprise a mix of 10 freeholds and 1 leasehold unit, are located in town and city centre locations across England and Wales and are being considered for sale either individually, in small packages or as a portfolio.
The package of pubs is in addition to pubs which have previously been announced as being marketed for sale.
Overall, there are currently Wetherspoon 19 pubs up for lease or sale. A further 15 pubs are under offer.
Last year the Tim Martin-chaired pub company put 32 pubs up for sale. As of August 2023, it had sold 26 sites, and had 21 up for sale.
Martin has previously complained that pub sell-offs have been misunderstood.
“The disposals outlined have been characterised in a small number of newspaper articles as a ‘money-raising’ exercise, provoked by the difficult trading circumstances for the hospitality industry in recent years. This is a misinterpretation,” he said.
Paul Breen, director at Savills commented: “These substantial and well invested pubs are likely to appeal to a broad range of potential buyers.”
Toby Hall, senior director at CBRE added: “The pubs are all in long established and proven trading locations making them ideal for both existing pub operators and new entrants”.
Full details of the properties are available at www.jdwdisposals.co.uk
The new properties are as follows:
- Abertillery – The Pontolottyn
- Cardiff – The Ivor Davies
- Chesterfield – Spa Lane Vaults
- Doncaster – The Gate House
- Holywell – The Market Cross
- Kirkby in Ashfield – The Regent
- Moreton – The Mock Beggar Hall
- St Ives – The Hain Line
- Shipley – The Sir Norman Rae
- Swindon – The Sir Daniel Arms
- Todmorden – The White Hart
