Nearby Stores, the convenience store operator, has gone into administration.

KPMG has been instructed as administrator and leisure and retail advisor Christie + Co has been instructed to sell the 33 leasehold convenience stores located across the south and south west England.

Annual sales, net of VAT, for the 33 stores, which range in size from 688 sq ft to 2,690 sq ft are in excess of £25.4m.

Offers are invited for the entire estate, parcels of sites or individual stores and a deadline to bid is 16 December.