JD Wetherspoon puts up Irish regional pubs for sale

The entire portfolio is being offered at €10m

JD Wetherspoon is selling its regional portfolio in Ireland, including premises in Cork, Waterford, Galway, and Carlow. After almost a decade in the Irish market, the entire portfolio is offered at €10m. 

An Geata Arundel in Waterford, The Linen Weaver in Cork and The Tullow Gate in Carlow are all currently in operation, with each of these pubs having undergone refurbishment and are available for sale. The other available property is the late Carbon nightclub situated in Galway, which is not currently operating at the moment. Although, it has secured planning permission for licensed premises and restaurant use. 

While selling its regional portfolio, JD Wetherspoon will continue operating in Dublin with key establishments, including The Old Borough Hotel, The Forty Foot, The Great Wood, Keavan’s Port Hotel and The Silver Penny.

Potential buyers are encouraged to reach out to the joint selling agents, Savills and CBRE, for details on individual pricing.

According to the Irish Times, Stephen McCarthy, Savills, said: “This is a rare opportunity to acquire an exceptional collection of landmark licensed properties in some of the most coveted locations in the country. We expect this sale to appeal to a broad cross-section of hospitality groups seeking to scale their existing operation and benefit from the extensive investment which has already being committed to these assets.”