Enterprise Inns auctions 11 more pubs
Enterprise Inns hopes to raise as much as £11.3m through the auction of another 11 pubs.
Ten of the properties are in London, while one is in Windsor, Berkshire. All of the pubs are being sold on a 35-year leaseback and all have rent reviews in 2015. The London pubs are:
The Prince Arthur, Camden Town, NW1
Guide price: £750,000-£800,000
Rent reserved at: £60,000pa
The White House, Highbury, N5
Guide price: £850,000-£900,000
Rent reserved at: £65,000pa
The Archers, Whitechapel, E1
Guide price: £775,000-£825,000
Rent reserved at: £60,000pa
Elgin Bar & Grill, Maida Vale, W9 Guide price: £1.15m-£1.25m
Rent reserved at: £90,000pa
The Beaconsfield, Haringey, N5
Guide price: £900,000-£950,000
Rent reserved at: £70,000pa
Northumberland Arms, Kings Cross, WC1
Guide price: £1m-£1.1m
Rent reserved at: £80,000pa
The Princess of Wales, Primrose Hill, NW1 Guide price: £950,000-£1m
Rent reserved at: £75,000pa
The Mall Tavern, Kensington, W8 Guide price: £1.15m-£1.25m
Rent reserved at: £90,000pa
The Chesterfield, Bayswater, W2
Guide price: £1.1m-£1.2m
Rent reserved at: £80,000pa
Dartmouth Arms, Forest Hill, SE23 Guide price: £775,000-£825,000
Rent reserved at: £60,000pa
Outside London:
51, Windsor, Berkshire
Guide price: £1.1m-£1.2m
Rent reserved at: £90,000pa
The auction, held by Allsops, is due to take place on 19 October.
Enterprise Inns makes good progress in shedding underperforming pubs >>
Enterprise Inns refinances as income per pub decline slows >>
Enterprise Inns seeks £12.6m from auction of eight London pubs >>
By Neil Gerrard
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