Christie + Co markets 150 pubs for Admiral Taverns

16th March 2010, 10:00am

Christie + Co has been instructed by Admiral Taverns, the UK’s third largest tenanted and leased pub company, to market 150 individual pubs, which are spread across England and Wales.

The sites, which have not previously been on the market, are almost all freehold and range in price from £75,000 to £600,000.

The pubs, which are spread from Newcastle in the North down to Plymouth in the South West, and from Lowestoft in Suffolk, across to Swansea, are available in small groups or individually.

Jonathan Paveley, chairman of Admiral Taverns, explained the decision: "The decision to sell these pubs follows a review of the Admiral Taverns estate and, while they no longer fit the requirements of our business, they offer good opportunities to a variety of potential buyers with the skills to achieve their potential."

Neil Morgan, Christie + Co's head of pubs, said: "We are delighted to have been appointed by Admiral Taverns to sell this group of predominantly freehold pubs, which we expect to generate significant interest from regional and local operators, individual buyers and developers."

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