Watling Real Estate selling 25 pubs in Yorkshire and North East

Following the appointment of joint administrators Ryan Grant and Howard Smith of Interpath Advisory to the Milton Portfolio Op Co 3 Ltd in November last year, the joint agents Watling Real Estate and Avison Young have launched a widespread marketing campaign of the 25 pub portfolio.

The 25 pubs located across the North-East and Yorkshire have remained open following the appointment and have benefitted from a busy trading period over the festive season.

The agents report a significant level of interest from national, regional and individual operators in response to the widely publicised appointment of administrators.

Alex Sweetman, director at Watling, added: “We look forward to progressing our campaign over the coming weeks and have developed a supporting website and accompanying data room to provide prospective parties with key property and trading information. Please contact either Avison Young or Watling Real Estate for access to the online portal.”

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

Courthouse, Barnsley

Cross Keys, Washington

Crown, Wickham

Elephant, Ashington

Greens, Sunderland

Guide Post Inn, Springwell Village

Lambton Arms, Chester Le Street

Millstone Hotel, Gosforth

New Inn, Wetherby

Old Lloyds Arms, Grimsby

Ox Inn, Oxhill

Porter Cottage, Sheffield

Prior, Sunderland

Priory, York

Red Lion, Wakefield

Ship & Royal, South Shields

Smiths Arms, Billingham

Sun Hotel, Shipley

Townhouse, Whitley Bay

Victoria, Whitley Bay

Whistle Stop, Beeston

White Bear, Barnsley

Ends

Issued by Andy Skinner – ASAP PR – 07990 978257

For information, contact; Alex Sweetman, Director, Watling Real Estate, One The Embankment, Leeds, LS1 4DW

Watling Real Estate

Watling Real Estate was created on 1 June 2023 by a management buyout of the real estate restructuring division of Avison Young. The business is headquartered in London with a network of offices in Birmingham, Manchester, Leeds and Bristol, providing national coverage with the benefit of local and regional expertise.  It has a team of 20+ professionals offering a multi-disciplinary real estate advisory business and will immediately become one of the UK’s largest real estate restructuring consultancies.

The team, originally part of the GVA business and more recently Avison Young post-merger in 2019, is one of the most highly regarded and experienced real estate advisors operating within the restructuring and recovery marketplace. Over the past decade, the team has advised or transacted on real estate with a total value of over £11 billion, having worked on some of the most significant real estate restructuring projects in the UK.

Watling Real Estate is backed by Bassi Capital, a private family office with extensive core investments in the real estate sector including publicly listed companies, private limited companies, and joint partnerships. https://bassicapital.com/