Investment acquisition of the Turing Tap, Manchester

Dam Investments Ltd have acquired the freehold investment in the Turing Tap, Manchester. The property comprises a public house trading over ground and first floors with ancillary accommodation and a manager’s flat on the second floor. The basement includes a beer cellar, WC’s, office and storage areas.

The property is let in its entirety to Barley Pub Company Ltd (trading entity of Stonegate Pub Company) on a full repairing and insuring lease expiring 24th December 2034. The passing rent is £72,122 pa, subject to annual uplifts of 2.50% with the next uplift due in March 2022.

Michael Penfold of AG&G acted for the purchaser and Jack Silvani of Coffer Corporate acted for the vendor.