Enterprise Inns has sold all seven pub freeholds it put up for auction this afternoon raising £11.58m. The company achieved a multiple of 16.8 times rent, equating to a yield of 6%, from the sale of the seven London freeholds, which the company was offering with a 35-year lease back to itself, with all the sites sold above their guide price at the Allsops auction. In a statement following the auction, the company said: "The result of the sale demonstrates the attractiveness to property investors of the Enterprise covenant, underpinned by quality property assets. "Enterprise retains an economic interest in these pubs through existing occupational lease arrangements which remain unaffected by these sales. "Sale proceeds will be used to repay group debt and following this continued success, we will consider further sales on this basis.” The company sold the following pubs: Edgar Wallace in Temple was sold for £1.82m from a guide price of £1.4 - £1.45m, showing a yield of 5.49%. The Pembroke Castle in Primrose Hill went for £2.33m from an asking price of £1.6 - £1.7m, with a yield of 5.15%. The Pelican in Fulham was sold for £1.62m from a guide price of £1.25 -£1.3m, a 5.56% yield. The Red Lion in St James was acquired for £1.41m from an asking price of £1.3m - £1.35m, a yield of 6.38%. The Uxbridge Arms in Notting Hill, which had a guide price of £1.45m - £1.5m, was sold for £1.52m, giving a yield of 6.58%. The Rising Sun in Westminster was sold for £1.54m from an asking price of £1.3m - £1.35m, showing a yield of 6.17%. The seventh pub, the Bell in the City of London, which was up for sale for £1.3 - £1.35m sold just after the auction finished for slightly less than the guide price. Duncan Moir, a partner at Allsop who led the auction, said: "In the end, Enterprise sold the portfolio of seven sale and leasebacks raising more than £11.5m. "We saw strong bidding as they were all superb bits of real estate in London and they were sold to a mix of bidders including private, property, UK and overseas investors." Last month, Enterprise raised £15m at an auction by selling six pubs.