TWO pubs in Gwynedd are up for sale as part of a chain’s decision to sell 61 establishments across England and Wales.

Pub chain Marston’s currently operates more than 1,700 pubs and bars across England and Wales, with around 300 tenanted and 500 leased.

However, 61 of these have gone on the market, with Marston’s wishing to “focus on our strategic objectives and maximise returns from our core estate.”

Tafarn Pennionyn and Twthill Vaults in Caernarfon are among these pubs, two of seven across North Wales, with one in South Wales.

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Christie & Co has been instructed to market the selection of ‘non-core properties’ in England and Wales from the company’s estate, which include leased, tenanted, retail and managed pubs that are available to purchase individually, in small groups or as a group package.

Noel Moffitt, senior director – corporate pubs & restaurants at Christie & Co, who is managing the sales process, said: “This is a fantastic opportunity for individuals and multiple operators to acquire established successful public houses across England and Wales.

"The pub sector has been very resilient over the last few years and has adapted well to the challenges and despite interest in the sector there is a lack of properties on the market.

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“This portfolio offers new entrants and existing operators a wonderful opportunity to acquire investments or operate their own businesses.”

Judith Rafique, head of estates at Marston’s, added: “Following a routine review of our estate we have taken the decision to offer to market a varied range of property types.

“This enables us to focus on our strategic objectives and maximise returns from our core estate.”