JD Wetherspoon confirms location of additional seven pubs for sale
JD Wetherspoon has confirmed the locations of seven pubs it put up for sale last week.
It comes after the chain, which operates 847 pubs in the UK and Ireland, put 32 sites on the market in September.
The seven extra properties are located in England and Scotland and are being considered for sale individually, in small packages, or as a portfolio.
All pubs will remain open and continue to trade as Wetherspoon sites until they are sold.
The full list of seven pubs for sale is as follows:
Coronet, Holloway, London
Cross Keys, Peebles, Scottish Borders
General Sir Redvers Buller, Crediton, Devon
Lord Arthur Lee, Fareham, Hampshire
Plough & Harrow, Hammersmith, London
Saltoun Inn, Fraserburgh, Aberdeenshire
Thomas Leaper, Derby, Derbyshire
Savills and CBRE have been appointed to market the sites.
Toby Hall, senior director at CBRE, said: "These additional properties are all substantial, well-located pubs which are fitted to a high standard. Most of the properties are coming to the market for the first time in many years which should give them a broad appeal to both local and national buyers".
Last month Wetherspoon chairman Tim Martin (pictured) warned the pub sector faced a challenge to attract back customers who had become used to buying cheaper supermarket beer during lockdown.
The chain posted a £30.4m loss in its 2022 financial year but said like-for-like sales had risen 9.6% over the last 14 weeks.
