JD Wetherspoon puts five pubs on the market

JD Wetherspoon, the managed pub operator, has placed five pubs on the market with Christie + Co.

The package consists of three freeholds and two closed leaseholds and are available individually or as a group.

Three of the five are freeholds, all available with vacant possession upon completion. They are: the Eastgate in Northampton (asking price of £975,000); the White Swan in Portsmouth (asking price of £700,000); and the Picturedrome in Liverpool, a former cinema and television centre, which has a guide price of £495,000.

The leaseholds, which are available at nil premium, are the Printworks in Farringdon, London, and the Lodestar in Neston, Merseyside.

Neil Morgan, director and head of pubs at Christie + Co, 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.”