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Authentic Alehouses portfolio to be sold out of administration

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Authentic Alehouses portfolio to be sold out of administration

The seven-strong Authentic Alehouses pub portfolio has been brought to market after falling into administration.

Property adviser Christie & Co is marketing the pubs, which are located in the north of England, on behalf of joint administrators at Quantuma. The group fell into administration after defaulting on a loan to refurbish the portfolio.

The group comprises of the Albert hotel in Hull, Countess of Rosse in Shipley, Bradford; Crown Inn in Addingham, West Yorkshire; Fountain Inn in Barnoldswick, Lancashire (pictured); Ponty Tavern in Pontefract, West Yorkshire; Red Lion in Driffield, Yorkshire; and the Wakey Tavern in Wakefield, West Yorkshire.

All of the sites are operated under management. The Red Lion, Wakey Tavern, and Crown are closed to undergo refurbishment, whilst the remaining four are open and trading.

Neil Morgan, managing director – pubs and restaurants at Christie & Co, who is handling the sale said: “The sale represents a good opportunity to acquire a wet-led portfolio in the north of England. We expect to receive strong interest from a range of buyers, including regional operators looking to strengthen their current portfolio, or investors looking to create a presence in the north of England.”

Offers are being invited for the freehold interest of the portfolio, with offers for subgroups or individuals pubs also considered. The deadline for all bids is midday on 15 April.

 

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