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
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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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

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

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

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