Eleven former Laurel Group pubs up for sale

Eleven former Laurel Group pubs are up for sale.

Fleurets and DTZ are marketing the properties, which are trading as Yates's, are owned by in-administration Yates Propco.

The 11 sites are in: Barrow-in-Furness, Bournemouth, Croydon, Durham, Huddersfield, Leeds, Nottingham, Reading, Weston-super-Mare, Weymouth, and Woking.

The sites are let to the Hops Pub Company and guaranteed by Barley Pub Company and Town & City Pub Company.

Rents for the sites range from £86,161 to £394,544 per year, subject to an annual uplift of 2.5% throughout the term.

The guide prices range from £850,000 to £3.5m. The guide price for the entire portfolio is £21.6m.

Laurel Group went into administration in 2008. Its brands included Slug & Lettuce, La Tasca and Yates's bars, along with Ha Ha Bar & Grill and Litten Tree restaurants.

Hops Pub Company bought the leasehold in a number of the bars and restaurants in 2008.

Laurel rescued from administration >>

Tchenguiz wins race to buy Laurel pubs >>

Laurel Pub Company creditors face £130m loss >>

Laurel looks to put up to 100 pubs into administration >>

By Neil Gerrard

E-mail your comments to Neil Gerrard here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs

Looking for a new job? Find your next job here with Caterersearch.com jobs