Abe_froeman Wrote:
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> Greene King would not buy a sub lease though.
>
> They would buy a freehold pub with no lease at all
> on it - i.e. no lease to enterprise and no
> sub-lease to the pub manager.
>
> That seems to be the most likely scenario here. If
> the lease with Enterprise expires in June and the
> sub lease also expires the whole operation could
> be sold as one. I would guess that might be worth
> about £5m.
>
> If I could cash in for that (after 15 years of
> hard work!) then personally I would let my lease
> expire and take no action to 'save' the pub.
That would imply it reverts to the freeholder after June (and I note your last paragraph

).