Brains to sell 99 pubs

An investment portfolio of 99 pubs in Wales has been put on the market by SA Brain & Co.

Comprising 93 freehold and six long leasehold properties, the full portfolio is let to Marston’s Estates Ltd on 25-year leases.

The pubs are primarily located around Cardiff, Newport and Swansea, with clusters in west, mid and north Wales. Offers are being invited for in excess of £87.3m for the portfolio, subject to contract and exclusive of VAT.

Real estate advisor Avison Young has been instructed by Cardiff-based SA Brain & Co to sell the pubs. The package is split between managed and tenanted outlets, with a mix of town and city centre, suburban and rural locations.

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