Seafood Pub Co properties up for sale
Ten pubs owned by the Seafood Pub Company, which went into administration earlier this year, have been placed on the market.
The portfolio of properties was well-regarded and had won several industry awards, but closure due to the coronavirus pandemic caused the business fold. Ryan Grant and Kerry Bailey of BDO LLP were appointed as administrators in June.
Mostly known for the quality of their food, the sites each offer strong wet sales and high-margin accommodation, offering of 62 luxury letting rooms across seven of the properties.
Specialist business property adviser Christie & Co will handle the sales, and is open to offers for the portfolio either as a whole, as distinct sub-groups or for individual assets.
Noel Moffitt, senior director of corporate pubs and restaurants, said: "Initial feedback from prospective purchasers has been overwhelmingly positive, demonstrating the strength of demand for well invested managed houses across the UK.
"Despite being currently closed, these sites can be reopened immediately post completion, with significant potential for growth across food, wet and accommodation revenues. This is a fantastic opportunity for buyers of all sizes to increase their portfolios with as many of these well-positioned assets as they have the appetite for."
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