A SOUTHAMPTON pub has been sold for almost £1m.

City Pub Group PLC has announced that it has sold the London Road Brewhouse for £900,000.

The sale was completed on March 18 and the pub was sold to Portobello Starboard Ltd.

City Pub Group PLC said on Tuesday it is selling six of its 46 pubs in two separate transactions worth about £17.1 million.

The pub operator sold five of the six pubs to Somerset-based Portobello Starboard Ltd for £16.2 million.

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London Road Brewhouse was sold separately.

"The proceeds from the disposal pubs will be used to invest and expand the group in other geographies across the UK," the London-based company said.

Chair Clive Watson added: "We have achieved a good price for these assets.

"The capital realised makes us debt-free and in an excellent position to take advantage of the current market dislocation to further premiumize our estate and deliver long-term growth through selected acquisition."