Charles Wells sells four out of ten pubs at auction

Bedford brewer and retailer Charles Wells managed to sell only four of the ten pubs it placed in a Colliers CRE auction earlier this week. Of the four that did sell, the Greyhound, in Eye, Peterborough, sold for £256,000 while two pubs, the White Horse, Keysoe, Bedford and the Smith Arms, Kempston, near Bedford sold prior and the Swan, Radwell, Bedford sold after.

The six unsold pubs were: The Sun Inn, Broughton, Kettering (last bid was £220,000 while the reserve price was £225,000), The Globe, St Neots (last bid was £195,000 while the reserve price was £225,000), the Oddfellows Arms, Higham-on-the-hill,

Nuneaton (the last bid was £265,000 while the reserve price was £275,000), the Double Four, Ringway, Northampton (the last bid was £291,000 while the reserve price was £300,000), the Cuba Hotel, New Bradwell, Milton Keynes (the last bid was £197,000 while the reserve price was £200,000) and the fire-damaged King's Head, Morton, Bourne, Lincolnshire (the last bid was £116,00 while the reserve price was

£120,000).