Young’s, the London-based pub operator, has placed a 14-strong package of pubs on the market. The freehold pubs, which in the majority are located inside the M25, range in price from £340,000 to £775,000, and represent the residue of the c.30 sites the company placed on the market last year. Of that package, five pubs were sold. All but one pub is in the tenanted estate; Horts in Bristol is a managed house. The package has a total value of just under £7m. It is thought that the majority of the 14 pubs, which are being sold through Christie + Co, are suitable for alternative use. M&C Report understands that the group will use proceeds from the sale of the sites to invest in expanding its managed estate. David Turner, Young’s property and tenancy director, said: “Whilst we are under no pressure to dispose of these pubs, a sale of some or all of them would create additional scope for us to invest in our expanding managed estate, in line with our stated strategy.” Andrew Robinson of Christie + Co’s corporate pubs team, adds: “Bringing pubs to the open market is a rare excursion for Young’s and, as you would imagine, these 14 freeholds benefit from excellent locations and good trading performance. We are naturally expecting a great deal of interest in this instruction.” Young’s currently operates a c90-strong tenanted estate and a c150-strong managed estate.