Walkabout building up for sale

David McCourt

The Quay Street home of the Walkabout sports bar in Manchester will be put up for auction later this month.

The freehold property investment will be one of the lots at the Acuitus commercial property auction on 14 February in London, and will be offered with a guide price of £1.5m.

The 35,000 sq ft property is entirely let to Intertain Group at a rent of £150,000/year until 2033.

Richard Auterac, auctioneer at Acuitus, said: "This is an imposing building in a good location which offers a buyer the potential of a 10% initial yield on their investment. We expect strong investor interest."

Intertain Group operates 36 bars and comedy venues throughout the country.

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