JD Wetherspoon puts 32 English pubs up for sale

JD Wetherspoon has put 32 pubs across England on the market.

The group, which operates around 800 pubs in the UK and Ireland, said it was a “commercial decision”.

CBRE and Savills have been appointed to market the pubs, which are in town and city centre locations. More than half are located in London and the south-east.

The sites are a mix of 10 freehold and 22 leasehold units and are being considered for sale either individually, in small packages or as a portfolio.

Wetherspoon warned earlier this year that it could plunge to a loss of around £30m after raising staff wages and investing in repairs.

Wetherspoon spokesman Eddie Gershon said: “On occasion Wetherspoon does put some of its pubs up for sale.

“This is a commercial decision. We understand that customers and staff will be disappointed with it. The pubs will continue to operate as Wetherspoon outlets until they are sold.”

Toby Hall, senior director at CBRE, said: “The excellent mix of locations in this portfolio is rarely seen in the market. With more than half of the portfolio located in London and the south-east and other strong locations in the south-west, Midlands and [north of England] we believe the pubs represent an excellent opportunity for existing pub operators and new entrants”.

**The pubs for sale are as follows: **

Barnsley – Silkstone Inn

Beaconsfield – Hope & Champion

Bexleyheath – Wrong ‘Un

Bournemouth – Christopher Creeke

Cheltenham – Bank House

Durham – Water House

Halifax – Percy Shaw

Hanham – Jolly Sailor

Harrow – Moon on the Hill

Hove – Cliftonville Inn

London Battersea – Asparagus

London East Ham – Miller’s Well

London Eltham – Bankers Draft

London Forest Gate – Hudson Bay

London Forest Hill – Capitol

London Hornsey – Toll Gate

London Holborn – Penderel’s Oak

London Islington – Angel

London Palmers Green – Alfred Herring

Loughborough – Moon & Bell

Loughton – Last Post

Mansfield – Widow Frost

Middlesborough – Resolution

Purley – Foxley Hatch

Redditch – Rising Sun

Sevenoaks - Sennockian

Southampton – Admiral Sir Lucius Curtis

Stafford – Butler’s Bell

Watford – Colombia Press

West Bromwich – Billiard Hall

Willenhall – Malthouse

Wirral – John Masefield

Full details of the properties are available at www.jdwdisposals.co.uk