Wed, 08 Jun 2011 | COMMERCIAL PROPERTY
Welsh pub operator SA Brain & Co Ltd has put seven pubs from its portfolio onto the market.
The brewer and pub operator has already disposed of eight of its tenanted pubs between 2009 and 2010, and is now marketing the freeholds of seven more, according to the Morning Advertiser.
Amongst the closed pubs up for sale include the Cardiff Arms in Splott, which has a price tag of £255,000; the Mitre Inn in Canton, with a price tag of £195,000; the Talbot in Pwll, Llanelli, Dyfed - £150,000 - and the White Horse in Llanelli, Dyfed - £165,000.
The other SA Brain pubs currently being marketed for sale by commercial letting agents Sidney Phillips include Bar Charlie in Haverfordwest, Dyfed - for £115,000; the Mardy Hotel in Gorseinon, West Glamorgan - £255,000 - and the Sawyers Arms in Maesteg, Mid Glamorgan, on the market for £165,000.
Chief executive of SA Brain, Scott Waddington, had previously said that the company was 'cautious' about 2011 trading prospects, and that it would 'continue to focus on controlling costs within the business.'
The pub operator's profit after tax fell from £6.4 million in 2009 to just £1.5 million last year, but this was partly due to the sale of its free-trade division to Heineken in 2009, which pushed up profits.
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