British pub and hotel operator Marston’s has decided to sell 61 freehold pubs in England and Wales from its estate.
For this sale, Marston’s has appointed the business property adviser and pub specialist Christie & Co.
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The property adviser noted that the selected pub portfolio includes a mix of leased, tenanted, retail and managed pubs.
Marston’s Estates head Judith Rafique said: “Following a routine review of our estate we have taken the decision to offer to market a varied range of property types. This enables us to focus on our strategic objectives and maximise returns from our core estate.”
The pubs that are part of the deal will be sold individually, in small groups or as a group package.
Christie & Co Pubs and Restaurants corporate senior director Noel Moffitt said: “This is a fantastic opportunity for individuals and multiple operators to acquire established successful public houses across England and Wales.
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By GlobalData“The pub sector has been very resilient over the last few years and has adapted well to the challenges, and despite interest in the sector, there is a lack of properties on the market.
“This portfolio offers new entrants and existing operators a wonderful opportunity to acquire investments or operate their own businesses.”
The complete list of the pub locations has not been disclosed. The Shropshire Star reported that it will include eight pubs in the West Midlands, specifically in the Wolverhampton and Dudley areas.
