JD Wetherspoon has engaged the services of Savills and CBRE to sell the pub group's Irish regional portfolio of licensed properties in Cork, Waterford, Galway and Carlow.
Three of the properties are trading and are An Geata Arundel in Arundel Square in Waterford, The Linen Weaver in Paul Street, Cork and The Tullow Gate in Tullow Street, Carlow.
The fourth property is the former Carbon Night Club in Galway's Eglington Street which is not trading but has recently been granted planning permission to permit licensed premises and restaurant use.Stephen McCarthy of Savills said the the Wetherspoon portfolio offers a rare opportunity to buy an exceptional collection of landmark licensed properties in some of the most coveted locations in the country.
"We anticipate the portfolio will 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," Mr McCarthy added. John Hughes of CBRE said the trading properties in Cork, Waterford and Carlow are presented in excellent condition offering a rare opportunity to acquire the businesses individually or as a portfolio.
"The property in Galway city centre presents a unique opportunity to develop a landmark licensed premises or alternative uses, in the heart of the city," he added.
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