Bradys, acting on behalf of Blackwater Bars Limited, have assigned the lease of PanAm on the Albert Dock to Incabrook Limited, the operators of Panama Hattys Restaurants.
The bar/restaurant, which provides a ground floor of 7,300 sq.ft. (678 sq.m.), first floor of 5,950 sq.ft. (553 sq.m.) and basement 1,527 sq.ft. (142 sq.m.), is held on a 35 year lease from June 2001 at a rent of £130,000 per annum.
An undisclosed premium was achieved for the sale of the business.