Enterprise Inns has sold the freeholds of eight out of ten central London pubs at auction, raising more than £11m, writes Gemma McKenna. The tenanted operator followed the format of its auction sales to date — the freeholds will be subject to a 35-year lease, with a break clause at 25 years. Those that sold included: • Osteria Del Ponte, Kilburn, annual rent £70,000, guide price £900-£950,000, yield 6.67%, sold for £1.05m; • The Grand Union, Islington, annual rent £75,000, guide price £1-£1.1m, yield 7.14%, sold for £1.05m; • The Junction Tavern, Kentish Town, annual rent £75,000, guide price £975,000-£1.08m, yield 7.32%, sold for £1.03m; • Dartmouth Castle, Hammersmith, annual rent £70,000, guide price £950,000-£1.05m, yield 6.83%, sold for £1.03m; • Prince of Teck, Earl’s Court, annual rent £160,000, guide price £2.25-£2.35m, yield 6.84%, sold for £2.34m; • The Builders Arms, Chelsea, annual rent £150,000, guide price £2.3M-£2.5m, yield 5.17%, sold for £2.9m; • The Hob, Forest Hill, annual rent £70,000, guide price £875,000 - £975,000, yield 7.49%, result £935,000; • The Constitution, Marylebone, annual rent £70,000, guide price £1-£1.1m, yield 6.83%, result £1.03m; Those not yet sold include: • The Prince of Wales in Clapham did not sell during the auction and is still available off a guide price of £825,000. The annual rent is £60,000. • The Stage Door, Waterloo, is also still available for £1.03m. Enterprise has sold a total of 59 London pubs at public auctions so far this financial year, raising £95m in the process. Its last auction, held by Cushman & Wakefield, took place on 24 May, when six pubs were sold, raising more than £7m.