Doncaster pub among 34 put up for sale by Wetherspoon chain

The Old Angel in Doncaster, a Wetherspoon pub.
The Old Angel in Doncaster, a Wetherspoon pub.
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A popular Doncaster town centre pub is one of 34 across the country put up for sale by the Wetherspoons chain.

The Old Angel on Cleveland Street is on the market as part of a raft of watering holes across the UK which have been put up for sale.

JD Wetherspoon has more than 900 pubs across Britain, which also includes The Gate House in Priory Walk and Red Lion in the Market Place.

Commercial real estate services and investment firm CBRE will handle the disposal of the pubs.

CBRE said the units are generating total sales of in excess of £38m, with an average weekly turnover per pub of more than £22,000 per week.

According to the company the pubs, which are being considered for sale either as a portfolio, in small packages or individually, are located in strong town and city centre locations within England, Scotland and Wales.

Of the 34 pubs, 27 are owned either freehold or held on a long lease at a nominal rent with the remaining seven outlets held on leases with an average unexpired term of 18 years.

Paul Breen, Senior Director, CBRE’s Specialist Markets team, said: “The portfolio represents a rare opportunity to acquire substantial high volume businesses which have seen sales growth in each of the last five years.

“Food sales represent more than a third of total sales, having increased by 40 per cent over this period, which makes the pubs ideally positioned to benefit from the continued growth in eating outside of the home.

“We anticipate strong interest from existing operators and new entrants keen to create a platform which can be used to build a successful managed estate.”