Enterprise Inns to auction three more freeholds
Enterprise Inns is hoping to raise around £2.6m by selling the freeholds of three pubs at an Acuitus auction on 22 February in London.
The pubs are offered on a 35-year sale and leaseback deal. The total rent roll across the three pubs is £190,000.
They are:
The Lord Clyde in Essex Road, Islington, London N1. Current rent: £65,000pa. Guide price: £850,000-£900,000
The Walrus Social in Westminster Bridge Road, London SE1. Current rent: £60,000pa. Guide price: £775,000-£825,000
The Coach & Horse, Clapham Park Road, London SW4. Current rent: £65,000pa. Guide price: £850,000-£900,000
In addition to the three Enterprise pubs at the auction there is also the freehold of the Railway Bell in New Barnet, which is currently let to JD Wetherspoon at a rent of £104,932pa. The guide price is £1.6m+.
The auction will be held at the Millennium Hotel in London W1.
