Wetherspoons puts 11 more pubs up for sale as it updates list of those at risk of being closed down
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JD Wetherspoon has put 11 more pubs up for sale - following dozens more that have already been closed in the past year.
Eddie Gershonor, a spokesperson for Wetherspoons, told LADbible at the time: "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."
Now 11 more of its pubs have gone up for sale through CBRE and Savills on behalf of Wetherspoon - in case you fancy buying one.
A spokesperson for the Wetherspoon told the Mirror: "Wetherspoon confirms that it has decided to sell 11 of its 822 pubs which it has put on the market through property agents, Savills and CBRE.
"Details of the properties can be found on www.jdwdisposals.co.uk.
“The pubs are mainly freehold properties with one leasehold property. The company is also proceeding with plans for a number of new pubs and hotels as well as major upgrades to existing pubs involving a total investment of around £100 million."
Paul Breen, Director at Savills said: “These substantial and well invested pubs are likely to appeal to a broad range of potential buyers.”
And Toby Hall, Senior Director at CBRE added: “The pubs are all in long established and proven trading locations making them ideal for both existing pub operators and new entrants.”
The list of 11 pubs that are being sold is:
- The Pontlottyn, Abertillery
- The Ivor Davies, Cardiff
- Spa Lane Vaults, Chesterfield
- The Gate House, Doncaster
- The Market Cross, Holywell
- The Regent, Kirkby in Ashfield
- The Mockbeggar Hall, Moreton
- The Hain Line, St Ives
- The Sir Norman Rae, Shipley
- The Sir Daniel Arms, Swindon
- The White Hart, Todmorden
Wetherspoon boss, Tim Martin, has previously said that drinkers are opting to stay home and drink booze bought from the supermarket rather than head out to their local.
Speaking earlier this year, he said: “The aftermath of the pandemic and lockdown restrictions have been far more difficult than anyone thought. That is the picture for the whole pub and restaurant industry.
“People thought that after lockdown there would be a boom in people suffering from cabin fever but, instead, it has almost been the opposite situation as people have got in the habit of staying in.
“That's the big thing that means sales are down on 2019. Things are improving now but it's slow.”