The Old Monk Norfolk Street Sheffield South Yorkshire S1 2JE

The Old Monk
Norfolk Street
Sheffield
South Yorkshire
S1 2JE

Freehold Public House & Office Investment

  • Entirely Let to The Restaurant Group (UK) Ltd, guaranteed by The Restaurant Group plc until 2027
  • Benefits from self-contained offices with residential redevelopment potential (subject to consents)
  • Prime City Centre Location
  • Nearby occupiers include The Crucible & Lyceum Theatre, Marks & Spencer, WH Smith and Next
  • Six Week Completion
  • Lot
    20
  • Auction
    11th July 2013
  • Rent
    £148,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,700,000
  • Sector
    Public House
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
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* More information on the term "guide" can be found here

Freehold Public House & Office Investment

  • Entirely Let to The Restaurant Group (UK) Ltd, guaranteed by The Restaurant Group plc until 2027
  • Benefits from self-contained offices with residential redevelopment potential (subject to consents)
  • Prime City Centre Location
  • Nearby occupiers include The Crucible & Lyceum Theatre, Marks & Spencer, WH Smith and Next
  • Six Week Completion
  • Lot 20
  • Auction 11th July 2013
  • Rent
  • Status Sold
  • Price £1,700,000
  • Sector
    Public House
  • Auction Venue
    Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
14 miles north of Chesterfield 39 miles east of Manchester 35 miles south of Leeds
Roads
M1 (Junctions 33 & 34), M18, M62
Rail
Sheffield Mainline Railway Station
Air
Manchester Airport
Situation

The property is situated on Norfolk Street within the City Centre Conservation
Area and within Sheffield’s prime leisure district. The property benefits from its proximity to Fargate, Sheffields main pedestrianised retail thoroughfare, and nearby occupiers including The Crucible & Lyceum Theatre, Marks & Spencer, WHSmith and Next.

Tenure

Freehold.

Location
Miles
14 miles north of Chesterfield 39 miles east of Manchester 35 miles south of Leeds
Roads
M1 (Junctions 33 & 34), M18, M62
Rail
Sheffield Mainline Railway Station
Air
Manchester Airport
Situation

The property is situated on Norfolk Street within the City Centre Conservation
Area and within Sheffield’s prime leisure district. The property benefits from its proximity to Fargate, Sheffields main pedestrianised retail thoroughfare, and nearby occupiers including The Crucible & Lyceum Theatre, Marks & Spencer, WHSmith and Next.

Tenure

Freehold.

Description

The property, an attractive Grade II Listed building, comprises a ground floor
public house with ancillary accommodation on the basement and first floors.
Additionally, to the rear of the property fronting onto Tudor Square is a self-contained office over second, third and fourth floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, an attractive Grade II Listed building, comprises a ground floor
public house with ancillary accommodation on the basement and first floors.
Additionally, to the rear of the property fronting onto Tudor Square is a self-contained office over second, third and fourth floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Basement
Ground
First
Second
Third
Fourth

Ancillary
Public House
Ancillary
Office
Office
Office
60.04 sq m
381.60 sq m
186.10 sq m
225.00 sq m
108.70 sq m
118.10 sq m
(650 sq ft)
(4,108 sq ft)
(2,003 sq ft)
(2,422 sq ft)
(1,170 sq ft)
(1,271 sq ft)
THE RESTAURANT GROUP (UK) LTD guaranteed by The
Restaurant Group plc (1) (2)
30 years from 30/12/1997 until 29/12/2027 on a full repairing and insuring lease
£148,500
30/12/2017 &
30/12/2022
Totals  
1,079.54 sq m
(11,624 sq ft)
    £148,500

(1) For the year ending 1st January 2012, The Restaurant Group (UK) Limited reported a turnover of £376,438,000, pre-tax profits of£48,796,000 and a total net worth of £61,193,000. (Source: www.riskdisk.com 13/06/2013). For the year ending 30th December 2012, The Restaurant Group plc reported a turnover of £532,541,000, pre-tax profits of £64,561,000 and a total net worth of £157,415,000. (Source: www.riskdisk.com 13/06/2013) The Restaurant Group plc operates over 400 restaurants and pub restaurants. Their principal brands are Frankie & Benny’s, Chiquito, Coast to Coast, Garfunkel’s, Home Counties Pub Restaurants and Brunning & Price. They also operate a concessions division which trades at over 50 outlets primarily in UK airports. (Source: www.trgplc.com 13/06/2013)
(2) The entire property has been sublet to Drystone Inns Limited

Property Documents

  • Site Plan
    Updated Date
    04.03.21
    File Size
    132 KB
    View PDF
  • Catalogue Page
    Updated Date
    04.03.21
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Hewlett Swanson Centurion House, 129, Deansgate
Manchester
M3 3WR
Nick Trowell 0161 312 5000nick.trowell@hewlettswanson.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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