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