Watling Real Estate appointed to market 25 pub portfolio in the North-East and Yorkshire

The joint administrators of Milton Portfolio Op Co 3 Ltd have appointed agents to market the 25 pub portfolio.

The portfolio of 25 pubs across the North-East and Yorkshire is set to hit the market in the New Year.

Watling Real Estate and Avison Young have been appointed to market the licensed premises by joint administrators Ryan Grant and Howard Smith of Interpath Advisory.

Peter Constantine, managing director of the Leisure team at Avison Young, said: “We are delighted to be able to bring this portfolio to the market. This presents a rare opportunity for an operator to take on an established portfolio of strong performing pubs within a fairly tight geographic area. We anticipate strong demand for the pubs, both as one or a couple of lots and on an individual basis.”

Ryan Grant, joint administrator and managing director at Interpath Advisory, said: “The joint administrators continue to trade all 25 pubs while we seek a buyer for the business and its assets. We look forward to working with the teams at Avison Young and Watling Real Estate to bring this high-quality portfolio to market at the optimum time to realise maximum value for creditors.”

The 25 pubs are located across the North-East and Yorkshire, and comprise 21 freeholds and four long leaseholds.

The full list of pubs includes: Black Bull, East Boldon, Black Bull, Morpeth, Britannia, Houghton-Le-Spring, Cross Keys, Washington, The Crown, Wickham, Dirty Habit, Whitley Bay, Elephant, Ashington, Greens, Sunderland, Guide Post Inn, Springwell Village, Lambton Arms, Chester Le Street, Lloyds Arms, Grimsby, Millstone Hotel, Gosforth, New Inn, Wetherby, Old Courthouse, Barnsley, Ox Inn, Oxhill, Porter Cottage, Sheffield, Prior, Doxford Park, Priory, York, Red Lion, Wakefield, Ship & Royal, South Shields, Smiths Arms, Billingham, Sun Hotel, Shipley, Victoria, Whitley Bay, Whistle Stop, Beeston, White Bear, Barnsley.