Pubs 'n' Bars sites put up for sale
The community pubs are predominantly situated in the south east of England — including four sites in London. They are available as a portfolio, in clusters or as individual asset purchases.
“The pubs are in good locations with the potential for excellent trading,” said Simon Chaplin, director of Christie & Co, which is acting on behalf of the pub group’s administrators Grant Thornton.
“Over the last year or so, we’ve seen a number of experienced operators return to the pub sector with acquisitions, as well as the rise of local and regional entrepreneurs.
“These 20 pubs are certain to arouse the interest of both experienced investors and those seeking to gain a foothold in the sector.”
The pubs comprise a mixture of freeholds with vacant possession, long leaseholds, tenanted investment opportunities and managed houses.
Full list of pubs for sale:- Angel Hotel, Coleford, Gloucestershire
- Hand & Squirrel, Talbot Green, Rhondda
- Harry’s Bar, Yeovil, Somerset
- The Cambridge, London SE19
- Carramore, London NW10
- Innisfree, Wembley, London
- Royal Standard, London SE1
- Eddystone, Plymouth, Devon
- Blue Boar, Southend-on-Sea, Essex
- Clouseaus, Westcliff-on-Sea, Essex
- Lamb & Lion (aka Sherlock Holmes), Westcliff-on-Sea, Essex
- Royal Albion, Walton-on-the-Naze, Essex
- The Ship, Tiptree, Essex
- Three Stars (aka Black Bean), Chelmsford, Essex
- Fox on the Downs (aka Winner), Brighton, East Sussex
- Hobgoblin, Loughborough, Leicestershire
- Foresters Arms, Bagshot, Surrey
- Royal Oak, West Molesey, Surrey
- Imperial Arms, Farnborough, Hampshire
- Gamekeeper (aka Inn for All Seasons), Charminster, Dorset
Pubs 'n' bars demise
Pubs ‘n’ Bars went into administration in December 2009,with Grant Thornton appointed to manage the portfolio of 87 sites, predominantly in the south east.
The administrators claimed that the demise of the pub group, which saw a pre-tax loss of £690k in the six months to June 2009, was due to the effects of the smoking ban, the decline of machine income, and reduced consumer spend as a result of the credit crunch.
A few months previous, Moorgate Taverns - a subsidiary of Pubs ‘n’ Bars operating 10 freehold pubs on the south coast – had also fallen into administrationafter failing to pay back £7m of debt.
