An investment portfolio of 99 pubs in Wales has been put on the market by SA Brain & Co.
Comprising 93 freehold and 6 long leasehold properties, the full portfolio is let to Marston’s Estates Ltd on 25-year leases.
Real estate advisor Avison Young has been instructed by Cardiff based SA Brain & Co 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 says, ”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.”
The sale is being handled by Peter Constantine and John Coggins of the Avison Young Leisure Team and Chris Gore, Andrew Gibson and Alex John of the Avison Young Investment Team.
Offers are invited for the whole portfolio of freehold and leasehold interests.