Albanwise Limited, the property investment company, is looking to sell three of its eight-strong pub estate on a freehold investment basis. The group has instructed Davis Coffer Lyons (DCL) to sell the Bull Inn in Stanford Dingley, Berkshire; the Bull Hotel in Wroughton, Kent and the Crown in Broughton, Cambridgeshire, which have a combined asking price of £1.75m, although individual sales will be considered. The pubs, which are located in attractive countryside locations, are run by independent tenants on free-of-tie leases and rents range from £25.5k to £52.5k per annum. All three are set in extensive grounds with garden and car park facilities. The five pubs that have been retained by Albanwide, include the Berney Arms in Barton Bendish, Norfolk and the Stone Trough Inn in Malton, Yorkshire. William Lee, chief executive of Albanwise Ltd comments: “The company has built for improvement a small portfolio of destination rural pub/restaurants, targeting those in exceptional settings and large grounds with long term as well as income potential. It is selling those less far from its core farmed rural estates, for ease of management, and having secured good businesses on the pubs now on offer.” Chris Bickle, associate director at DCL, said: “The portfolio comprises attractive investment opportunities with a combination of set uplifts and turnover rent and these pubs have already generated some early interest from a variety of investors and regional brewers. Two of the pubs have several letting bedrooms available and one is run by award winning operators.”