Langleys Solicitors has advised on the purchase of Lincoln Theatre Royal by an Isle of Man property investment company.
The freehold of the theatre, in Clasketgate, Lincoln, which has a Grade II listed auditorium, was purchased at auction by Aps Holdings (Iom) ltd.
The current leaseholder, Moonstone Entertainments Ltd who assigned the lease from the Pantomime Partnership Limited in September 2015, will continue to operate the theatre under the existing terms of the lease which has seven years remaining.
“Aps Holdings would like to wish the current leaseholder the best of luck and continued success with the theatre’s role in the community,” said a spokesman for the company.
Sarah Miles, partner in commercial property at Langleys in Lincoln, said: “The theatre is a well-known building in the centre of Lincoln and we are pleased to support Aps Holdings (Iom) Ltd in its acquisition as an investment purchase.”