Administrators put group of seven pubs in the north of England on the market

The Fountain Inn, Authentic Alehouse
A group of seven freehold pubs which operate within the Authentic Alehouse brand have been brought to market on behalf of joint administrators Quantuma LLP.
The group are all based in the north east and north west of England and include the Albert Hotel in Hull, Countess of Rosse in Shipley, Bradford, Crown Inn in Addingham, West Yorkshire, Fountain Inn in Barnoldswick, Lancashire, Ponty Tavern in Pontefract, Red Lion in Driffield, and the Wakey Tavern in Wakefield.
All of the sites are operated under management and all apart from the Fountain Inn and The Crown, which are rural village pubs, are situated in busy town centre or suburban locations.
Currently, the Red Lion, Wakey Tavern, and The Crown are closed to undergo refurbishment, whilst the remaining four are open and trading.
Predominantly open plan sites, the pubs feature spacious ground floor trading areas and offer a mix of manager’s accommodation and letting rooms, providing potential for additional revenue streams.
Due to their proximity to each other, ranging broadly along the M62 corridor, this group of pubs is ideal as a portfolio purchase to establish or bolster a significant presence in the north of England, according to Christie & Co, which is handling the sale.
Neil Morgan, managing director – pubs & restaurants at Christie & Co, said: “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 2019.

Tags : administratorsAuthentic AlehousePubs
Andrew Seymour

The author Andrew Seymour

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