SA Brain and Co to sell off 99 pubs for £87.3m
Comprising 93 freehold and six long leasehold properties, the full portfolio is currently let to Marston’s Estates Ltd on 25-year leases
SA Brain and Co has brought to market its portfolio of 99 pubs in Wales with initial offers invited in excess of £87.3m.
Comprising 93 freehold and six long leasehold properties, the full portfolio is currently let to Marston’s Estates Ltd on 25-year leases.
Real estate advisor Avison Young was instructed by the group to sell the investment interest, which comprises fully occupied properties in a range of locations in and around Cardiff, Newport and Swansea with clusters also in West, Mid and North Wales.
The package is split between managed and tenanted outlets, with a mix of town and city centre, suburban and rural locations.
Peter Constantine, managing director of the Avison Young Leisure team said: ”This is a rare opportunity to acquire a large, high-quality package of public houses located in strong trading positions across Wales.
“They benefit from a secure income stream let to an excellent covenant. We anticipate significant levels of demand as packages of this quality rarely come to the market.”
