JD Wetherspoon has hired CBRE to advise on the sale of 34 of its pubs.
The pubs are being marketed as a single portfolio, in sub-portfolios or as single assets.
They generate £38m pa in sales, with an average weekly turnover per pub of more than £22,000.
Of the 34, 27 are owned freehold or held on a long lease at a nominal rent, with the remaining seven outlets held on leases with an average unexpired term of 18 years.
Paul Breen, senior director in CBRE’s specialist markets team, said: “We anticipate strong interest from existing operators and new entrants keen to create a platform which can be used to build a successful managed estate.”
The 34 properties are in addition to the 20 units that were put onto the market by JD Wetherspoon earlier this year.
The properties are as follows:
Bedford – Banker’s Draft
Blackpool – Auctioneer
Chelmsford – Sir Thomas Mildmay
Chester – Forest House
Derby – Thomas Leaper
Didsbury – Milson Rhodes
Doncaster – Old Angel
Dundee – Capitol
Enfield – Picture Palace
Glasgow – Society Room
Gloucester – Water Poet
Grangemouth – Earl of Zetland
Hammersmith, London – Plough and Harrow
Heanor – Red Lion
Kingston Upon Hull – Zachariah Pearson
King’s Lynn – Lattice House
Lanark – Clydesdale Inn
Liverpool – Lime Kiln
Long Eaton – Twitchel Inn
Mansfield – Courthouse
Milton Keynes – Secklow Hundred
Pontypool – John Capel Hanbury
Portsmouth – Trafalgar
Putney, London – Rocket
Rotherham – Corn Law Rymer
Sheffield – Swim Inn
Stourbridge – Edward Rutland
Stourport-on-Severn – Ye Old Crown Inn
Stirling – 43-51 King Street
Swindon – Groves Company Inn
Trowbridge – Albany Palace
West Kirby – Dee Hotel
Wimslow – Bollin Fee
Worthing – Sir Timothy Shelley
