Pub firm JD Wetherspoon has explained which pubs are for sale and under offer as it continues to sell off sites. Earlier this month the pub giant reported that like-for-like sales increased by 5.8% in the 10 weeks to July 7, despite unseasonably wet weather.
In the year-to-date, Wetherspoons has opened two pubs but sold or surrendered the lease on 26 pubs. There are four currently up for sale and 14 under offer, according to CBRE and Savills, who have been appointed to handle the sale of public houses which have been identified for disposal.
The companies said: “The properties include high quality freehold and leasehold public houses in busy locations across the UK. This represents a rare opportunity to acquire substantial, landmark public houses with a high standard of fit out in high profile locations. The properties, which are being considered for sale either as a portfolio, in small packages, or individually, are located across the UK and will appeal to existing operators, new entrants or those seeking alternative use subject to obtaining the appropriate consents.”
Pubs currently available for sale
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The Pontlottyn, Abertillery, Somerset Street – Freehold
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Ivor Davies, Cardiff, Crowbridge Road East – Leasehold
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Market Cross, Holywell, High Street, Freehold
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Bingo Club, North Shields (undeveloped site)
Full list of JD Wetherspoon under offer currently according to CBRE and Savills:
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Asparagus, Battersea, Falcon Road, Freehold
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Wrong ‘Un, Bexley Health, Broadway, Leasehold
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Gate House, Doncaster, Priory Walk, Freehold
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Jolly Sailor, Hanham, Bristol, High Street, Freehold
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Mock Beggar Hall, Moreton, Hoylake Road, Freehold
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Alfred Herring, Palmers Green, London, Leasehold
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Cross Keys, Peebles, Northgate, Freehold
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Sir Normal Rae, Shipley, Victoria House, Freehold
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White Hart, Todmorden, Station Approach, Freehold
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Spa Lane Vaults, Chesterfield, St Mary’s Gate, Freehold
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Lord Arthur Lee, Fareham, West Street, Freehold
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Regent, Kirkby in Ashfield, Diamond Avenue, Freehold
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Sir Daniel Arms, Swindon, Fleet Street, Leasehold
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Hain Line, St Ives, Treganna Place, Freehold
To view CBRE and Savills Wetherspoon pubs for sale click here.
Earlier this month Tim Martin made overtures to Rachel Reeves, as he blamed the previous government for failing to relieve the tax burden on the struggling hospitality sector. He said: “The last government failed to implement tax equality between pubs and supermarkets, leading to pub closures and underinvestment.
“Wetherspoon hopes that the current chancellor, with a Bank of England pedigree, will understand how many beans make five, and rectify this inequality.”According to the financial figures in the year-to-date, Wetherspoons has opened two pubs but sold or surrendered the lease on 26 pubs.
It added that a further 10 trading pubs are either on the market or under offer. The group, which currently has an estate of 801 pubs, said it has largely disposed of venues which are “smaller and older”, or where it has another site in close proximity.
At its peak, the pub firm had around 950 venues in 2015. Earlier this year, the company said it still hoped to meet long-term ambitions of growing to 1,000 venues despite shrinking the size of its estate. The group highlighted that it has new openings in Waterloo and Fulham Broadway stations in London, and in Marlow in Buckinghamshire planned for the coming months.
Wetherspoon Pubs known to have closed in recent years
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The John Masefield, New Ferry
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Angel, Islington
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The Silkstone Inn, Barnsley
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The Billiard Hall, West Bromwich
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Admiral Sir Lucius Curtis, Southampton
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The Colombia Press, Watford
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The Malthouse, Willenhall
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The John Masefield, New Ferry
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Thomas Leaper, Derby
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Cliftonville, Hove
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Tollgate, Harringay
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Last Post, Loughton
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Harvest Moon, Orpington
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Alexander Bain, Wick
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Chapel an Gansblydhen, Bodmin
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Moon on the Square, Basildon
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Coal Orchard, Taunton
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Running Horse, Airside Doncaster Airport
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Wild Rose, Bootle
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Edmund Halley, Lee Green
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The Willow Grove, Southport
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Postal Order, Worcester
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North and South Wales Bank, Wrexham
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The Sir John Stirling Maxwell, Glasgow
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The Knight’s Templar, London
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Christopher Creeke, Bournemouth
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The Water House, Durham
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The Widow Frost, Mansfield
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The Worlds Inn, Romford
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Hudson Bay, Forest Gate
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The Saltoun Inn, Fraserburgh
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The Bankers Draft, Eltham, London
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The Sir John Arderne, Newark
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The Capitol, Forest Hill
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Moon and Bell, Loughborough
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Nightjar, Ferndown
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General Sir Redvers Buller, Crediton
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The Rising Sun, Redditch
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The Butler’s Bell, Stafford – this has since reopened up Davenports
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Millers Well, East Ham
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The Coronet, London
Meanwhile Wetherspoon said it was making a major change at hundreds of its pubs next week. The vast majority of its 801 pubs across the country will be screening the 2024 Paris Olympics, which starts on Friday, July 26.
A spokesman for the boozer said: “Wetherspoons pubs will be showing the Olympics. So wherever your local is, you won’t miss out on the events in Paris.”
While the 33rd Summer Olympic Games officially begins next Friday with the opening ceremony, events such as football will begin on July 24, while archery starts on July 25.
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