Pubs facing last orders as more developers cash in

High property prices mean they are increasingly attractive to developers who can often turn one pub into several homesThe Black Lion in Bayswater is a standard central London pub. Halfway between Marble Arch and Notting Hill Gate, its old-fashioned gold fascia boasts of the whiskies and brandies available inside. According to Tripadvisor, it sells a more than decent plate of fish and chips. Last year it made a profit of £700,000 – and was sold for £27m.This vast sum, paid by a prop