A small package of pubs let to Greene King and Stonegate has been brought to the market through Savills.

The two properties are available individually or can be purchased as a portfolio.

The Rye House in Hoddesdon, Hertfordshire, is currently let to Greene King, with a lease expiring in 2044. The current rent is £126,410 per annum with fixed annual rental increases of 2.5% per annum and is available at a guide price of £2.5m reflecting a net initial yield of 4.75%.

The Walkabout in Lichfield is held on a lease expiring in 2039 at a current rent of £113,140 per annum and is available at a guide price of £1.9m which reflects a net initial yield of 5.46%.

Stuart Stares, associate director in the licensed leisure team at Savills, said: “Both the Rye House and Walkabout are let to extremely strong covenants and benefit from long leases with fixed rental increases. We therefore expect to generate significant interest from a range of different investors.”