JD Wetherspoon puts 11 more pubs up for sale – is your local at risk of closure?
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JD Wetherspoon currently has 822 pubs
JD Wetherspoon has put 11 more pubs up for sale, with the pub operator appointing CBRE and Savills to sell the sites.
Pubs in Chesterfield, Cardiff and Doncaster are on the list of affected sites.
The pubs will remain open pending their sale.
A spokesman for the chain said: “Wetherspoon is continuing to invest in its business and has recently reopened The Square Peg in Birmingham and The Lord Palmerston in Southsea, after major refurbishment, costing approximately £1.5million.
JD Wetherspoon currently has 822 pubs
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"The company is also currently redeveloping and extending pubs in Wakefield, central Cardiff and central Glasgow at a total cost of approximately £8million.
"The company is also proceeding with plans for a number of new pubs and hotels as well as major upgrades to existing pubs involving a total investment of around £100million."
The properties, comprising a mix of 10 freeholds and one leasehold, are being considered for sale either individually, in small packages or as a portfolio.
Paul Breen, director at Savills, commented: “These substantial and well invested pubs are likely to appeal to a broad range of potential buyers.”
Toby Hall, senior director at CBRE, said: “The pubs are all in long established and proven trading locations making them ideal for both existing pub operators and new entrants.”
JD Wetherspoon announced it was putting 32 pubs up for sale last year. Many of these locations have since closed.
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These 11 JD Wetherspoon pubs which have been put up for sale are a mix of 10 freeholds and one leasehold
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JD Wetherspoon currently has 19 pubs available to buy, including the aforementioned 11 new sites, and 15 under offer.