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Mon 11th Nov 2013 - Agent releases Bramwell sites to market
Christie + Co releases list of Bramwell sites for sale: A list of 35 Bramwell Pub Company sites now on the market has been released by agent Christie & Co, with three-year turnover figures. The sites are: Gravity, High Cross Buildings, Hinckley (£748,844: FY 2011; £560,782: FY 2012; £483,899: 11 months to August 2013); Barracuda, Lowgate, Hull (£619,605, £463,258, £311,547); Hornblower Tavern, Ripon (£402,721, £381,526, £291,639); Pow Burn, North Shields (£401,228 £409,905 £417,353); Trillians Rock Bar, Princess Square, Newcastle (£448,494, £404,770, £339,821); Penny Black, Cheadle Hulme (£0, £0, £0;); Phoenix, Southport (£475,196, £492,817, £517,492); Sanctuary, Didsbury (£453,162, £497,850, £455,665); Varsity, Manchester (£598,609, £507,366, £368,361); Waldron Crewe (£402,348, £357,825, £320,982); Wyre Light, Fleetwood (£714,484, £630,891, £542,783); Buccleuch, Dalkeith (£848,724, £759,364, £531,717); Cambus, Cambuslang (£274,289, £280,817, £362,091); Cooperage, Elgin, Scotland (£469,675, £498,276, £510,295); Logie Baird, Helensburgh (£486,013 £376,275 £45,000), Malt Cross, New Bridge Street, Ayr (£555,604, £469,491, £452,479); Queensberry, Dumfries, Scotland (£728,515, £746,497, £597,079 (open and trading); Lanyard, Portsmouth (£705,817, £594,028, £463,000); Oak Tree, Sevenoaks (£741,926, £548,276, £403,789); Phoenix, Ashford (£645,049, £598,681, £494,208); Pilgrim, Caterham (£516,851, £459,609, £347,835); Silkworm, Braintree (£729,947, £550,666, £411,280); Town Hall, Staines (£0, £0, £0) Wey Bridge, Alton, Hampshire (£724,819 £417,318 £350,122); Clipper, Weymouth (£729,089, £625,673, £462,585); Varsity, Plymouth (£900,557, £720,982, £588,463); Academy, Port Talbot Wales (£0, £0, £0); Bidding, Llanelli ,Wales (£578,143, £458,321, £323,269); Buccaneer, Barry (£541,676, £503,862, £419,186); Academy Uttoxeter (£0, £0, £0); Courtyard, Cannock (£427,970, £327,640, £471,350); Glass Works, Rugeley (£679,236, £559,191, £526,337); Goodridge, Burton on Trent (£925,913, £945,441, £580,574); Maskery, Congleton (£590,918, £526,720, £365,011). A spokesman for Christie + Co said: “The majority of the businesses on the list ceased trading on Friday 1 November, therefore we are only able to provide net turnover figures which neither Christie + Co or the joint Administrators can warrant. Christie + Co have already received high levels of interest and are therefore requesting all seriously interested parties to submit premium offers by Wednesday 20 November.”

Flagship Living Room site closed: The flagship Living Room site in London’s Heddon Street has closed after the landlord declined to assign the lease to its new operator Stonegate Pub Company. One industry source suggested that 3,000 Christmas bookings are now in jeopardy. A spokesperson for Stonegate Pub Company said: “The Living Room, Heddon Street, London has been returned to landlords who have exercised their Right of Pre-Emption (RP-E) option to take back ownership of the lease of the premises. All other Living Room sites remain under the ownership of Stonegate Pub Company.” Stonegate Pub Company bought the 13-strong Living Room estate from Premium Bars & Restaurants in August. The precise value of the deal was not known but it has been suggested the Living Room estate is worth around £10m, subject to successful assignment of leases. Meanwhile, two Living Room sites are to be relaunched this month after conversion to Stonegate brands - The Living Room at The Hub in Milton Keynes will become a Missoula on the weekend of 28 November. The Living Room at Tower Bridge is to be converted to a Slug & Lettuce with a view to re-opening the site in mid-November. A spokeswoman for Stonegate said: “The Living Room sites are being viewed independently as to whether they will remain a Living Room or converted.” The redesigned Milton Keynes venue will include a brand new food menu, a bar upstairs as well as expanded floor space.

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