Pubs sale as firms go into administration

The Kings Arms in Thrapston
The Kings Arms in Thrapston

The freeholds and leases of five town pubs across the north of the county are up for sale after their owners went into administration.

Pubs in Wellingborough, Rothwell, Thrapston, Raunds and Burton Latimer are all on the market after the two Northamptonshire-based pub businesses went into administration two weeks ago.

The Olde Victoria in Burton Latimer

The Olde Victoria in Burton Latimer

Licensed property brokers Fleurets has been instructed to market the five freeholds from Clementines Taverns and four free-of-tie leases from Churchill Inns on the instruction of financial solutions advisor Zolfo Cooper.

The Churchill Inns pubs on the market are the Kings Arms, in High Street, Thrapston; the Rowell Charter Inn, Sun Hill, Rothwell; and the Globe, Grove Street, Raunds.

The Clementines Taverns Sites include Raffertys, in Market Street, Wellingborough, and the Olde Victoria, Bake House Lane, Burton Latimer.

The Kings Head, Brixworth Road, Spratton; the Plume of Feathers, Weedon; Sun Inn, Kislingbury; and the Bold Dragoon, High Street, Weston Favell, are also on the market.

The Globe in Raunds

The Globe in Raunds

Paul Newby, director at Fleurets, said: “Collectively the sites are very different, therefore may suit individual purchasers, however, as a group, they may well appeal to a multiple operator with a good proposition and ambition to grow quickly in the region.

“This eclectic group of pubs range from wet-led town based pubs, to traditional village Inns with a reputation for food – they also come to market at a wide range of price points.

“The one thing that holds all of these properties together is the fact that they are all attractive buildings that are generally in good order.”

Offers are invited for the properties on a group or individual basis. For further information contact Andy Frisby at Fleurets London office on 0207 2804705 or andy.frisby@fleurets.com, or Paul Newby at Fleurets Birmingham office on 0121 2365252 or paul.newby@fleurets.com. For further details visit www.fleurets.com/pubs/pubs-for-sale.asp.