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Enterprise Inns auctions 11 more pubs

28 September 2010 by
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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