Well-known Sheffield bar The Wick At Both Ends has been sold for more than £500,000
A bar on one of Sheffield’s most prominent streets has been bought for more than £500,000 in a transaction that bodes well for the city's leisure trade after lockdown.
The Wick At Both Ends, on West Street, was sold on a freehold basis by property firm Nicholson & Co – and the buyer is a local investor.
The venue – once the Mail Coach Inn, and later Muse and Dogma – opened in its current guise a decade ago, and is known for its extensive cocktail menu.
“It’s been a very difficult sale, because of the lockdown and closure of pubs back in March,” said Nicholson & Co’s managing director Martin Nicholson.
“Several parties were interested in a purchase once pubs and bars were open and able to trade again, but not closed for an uncertain period. However, we got two offers at guide price – offers over £500,000 – and were successful in negotiating the sale to local investors, who saw the potential of the site, between the city centre and the university campus, who will tenant the pub with the existing operator, it’s hoped.”
Nicholson & Co acted as sole agents for owner Mitchells & Butlers plc. The bar has historic links to The Harley and the Tramlines music festival, which began in 2009 on Devonshire Green and in the nearby pubs.
“The Wick possibly has a good claim on being a location for the birth of Tramlines,” Martin said.
“The sale shows there remains interest in the right pub, in the right location and we are sure the Wick will open and trade well again, particularly once the student population returns in the early autumn.”
The buyer wishes to remain anonymous at this stage.
Ministers have said July 4 is the earliest date that pubs, bars and restaurants will be able to reopen their premises to customers. The Foreign Secretary, Dominic Raab, said this week that any further easing of lockdown restrictions would have to be approached ‘in a safe and responsible way’.