Wetherspoon puts five pubs up for sale

Pub company JD Wetherspoon has put five pubs up for sale.

The pubs, a mixture of freehold and leasehold, are all located in towns and cities in England and are available individually or collectively.

Three of the five are freeholds, They are:

● The Eastgate in Northampton, which has open-plan bars on two floors and is on the market at an asking price of £975,000
● The White Swan in Portsmouth (pictured), a large open-plan bar in the city centre, available at a £700,000 asking price
● The Picturedrome in Liverpool, a former cinema and television centre, which has a guide price of £495,000

The two leasehold pubs – the Printworks in London's Farringdon Road and the Lodestar in Neston, Merseyside – are both currently closed and are available for nil premium on a free-of-tie lease.

Neil Morgan, director and head of pubs for Christie & Co, which is marketing the pubs, said: "We are delighted to bring these pubs to market on the company's behalf.

"The quality of the bars, together with the prime location they each enjoy, will undoubtedly result in a great deal of interest in a market where demand is more than keeping pace with the rate of pub disposals."

By Neil Gerrard

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