Sheffield city centre pub sells for more than £300,000 after 'strong interest' from buyers

A Sheffield city centre pub has sold for more than its asking price after “strong interest” from people willing to take it on.

Monday, 2nd November 2020, 12:30 pm

The Three Cranes Hotel on Queen Street, which is believed to date back to 1820, was put on the market when its elderly owner didn’t want to reopen after lockdown restrictions were eased.

Nicholson and Co, who sold the pub for more than its £300,000 price tag, said they had multiple people view the premises and four offers in the first three weeks of it being on the market.

In the 80s and 90s the pub was frequented by Sheffield’s solicitors, accountants and estate agents.

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Three Cranes Hotel on Queen Street, Sheffield.

It was closed in March along with many other pubs in Sheffield after Covid-19 forced the country into its first lockdown.

The place was also known for its range of real ale, karaoke and its traditional pub atmosphere.

Martin Nicholson, managing director of Nicholson and Co, said: “The property closed at the start of lockdown and the present owner being in his 70s didn’t wish to be burdened with reopening in uncertain times and so he decided to sell.

“We had seven viewing parties and four offers in the first three weeks. There was strong interest from people who were possibly looking at the property for an alternative use, including student or hostel accommodation at the first and second floor and possibly a smaller bar or restaurant at the ground floor.

“We asked for the best and final offers and the property has been sold for above the £300,000 asking price.”

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