Punch portfolio comes to market

Twelve Scottish venues expected to attract strong interest

The Lossie Inn

PROPERTY agent Christie & Co is marketing 12 Scottish pubs on behalf of Punch Taverns.

The properties, which are located across the country, are part of a package of 65 in the UK the agent is selling for the pubco.
Two of the Scottish pubs for sale, the Clifton Hotel and the Lossie Inn, are in Lossiemouth on the Moray Firth.
The Lossie Inn, which is on the market at £250,000, has a public bar with games area, lounge bar and restaurant. The nearby Clifton Hotel has a price tag of £300,000 and offers public and lounge bars as well as five letting bedrooms.

The appetite for pubs is as strong as it’s been for some years.

In Fife, the East Neuk Hotel in Crail is for sale at £300,000; it has five en suite letting rooms, a lounge bar and a public bar with separate access.
Six of the outlets up for sale are located across the central belt.
The Bellfield Tavern in Kilmarnock is on the market at £215,000; Hagg Bar in Johnstone has a price tag of £195,000; the Circle Bar in Ballieston is being marketed at £200,000; offers in the region of £120,000 are sought for Broomfield Tavern in Airdrie; the Old Original Bar in Blantyre is for sale at offers in the region of £250,000; and, in the east, the Gorebridge Inn is on the market with a price tag of £200,000.
Further south, the Whip and Saddle in the Borders town of Duns is for sale at £260,000; the Cross Keys Inn in Selkirk has a price tag of £250,000; and, in the south west, £180,000 is sought for the Pheasant Hotel in Dalbeattie.
Neil Morgan, director and head of pubs at Christie & Co, said almost all of the 65 UK pubs are available freehold, a few are long leasehold and most are available with vacant possession.
“The appetite for pubs amongst private equity investors and experienced pub operators alike is as strong as it has been for some years — encouraged by the availability of some good assets at excellent prices,” he said.

East Neuk Hotel

Images – The Lossie Inn and the East Neuk Hotel are among pubs for sale.