More ex-R&L pubs on the market


PROPERTY agent Christie & Co is marketing a further three Scottish pubs that formed part of the now defunct R&L pubs estate.

The Cycle Tavern in Auchtermuchty, the Bridge Inn in Tillicoultry and the Kirkton Inn in Dalrymple are being sold, along with 34 down south, on behalf of Pricewaterhouse Coopers, administrator for R&L Properties No 6 Ltd.
It comes after Christie & Co marketed 126 pubs (76 in Scotland) from R&L Properties No 1, R&L Properties No 2 and R&L Properties No 5, which went into administration in January.
The three pubs new to Christie & Co’s books are all for sale freehold with tenants in place.
Located on Tillicoultry’s High Street, the Bridge Inn is described as an “established locals’ inn”; it has a public bar, restaurant, games room and nine letting bedrooms.
The Cycle Tavern in Auchtermuchty has a lounge bar and public bar, and is described as a traditional village inn.
And the 12-bedroom Kirkton Inn is said to occupy a prominent Main Street location in the Ayrshire village of Dalrymple; it has a 50-cover restaurant, a dining and breakfast room, snug bar and a public bar with pool table.
Speaking about the wider 37-strong estate that’s come onto the market, Christie & Co’s director of pubs Neil Morgan said there are many high quality outlets in the group.
“Our recent experience tells us that these pubs will be of significant interest to pubco investors and to tenants looking to make the transition to owning their freehold,” he said.
“We’re delighted to have received the instruction and extremely confident that the 37 pubs will generate great interest.”