Former Sheffield restaurant on sale for £3 million

The formerLoch Fyne restaurant on Glossop Road has gone on sale for 3 million.
The formerLoch Fyne restaurant on Glossop Road has gone on sale for 3 million.
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A former Sheffield seafood restaurant has gone onto the market for around £3 million - and could be turned into student flats.

The former Loch Fyne restaurant on Glossop Road went on sale earlier this month, with owners inviting offers of between £1 million and £3 million.

The Grade II listed building has come onto the market after the popular seafood restaurant closed its doors in February.

According to James A Barker chartered accountants, the building 'is an imposing, three storey, Grade II listed, brick built property and sits under a pitched slate roof'.

The brochure states: "This site offers purchasers considerable scope to operate or let the ground floor and basement as a restaurant and develop the upper floors for an alternate use, subject to gaining the necessary planning permissions.

"The property also offers an opportunity for residential and / or student accommodation development throughout, subject to permissions.

"This is a rare freehold opportunity with a potential for a range of uses, subject to the granting of relevant permissions, and is likely to be of interest to national or local operators, investors and developers."

The brochure adds that the property previously benefitted from full planning permission and listed building consent for the conversion of the first and second floors to create a 20 bedroom student development scheme, but the planning permission lapsed at the beginning of this month.