Sheffield Spearmint Rhino building on sale for Â£1.7m
The building housing Sheffield's only strip club has gone on sale for Â£1.7 million.
International real estate advisor Savills is dealing with the sale of the property in Brown Street, next to Sheffield Hallam University’s student union buildings.
The building is currently let to Sonfield Development Ltd, which pays £165,000 a year in rent. The lease is guaranteed by Spearmint Rhino for 10 years, with no suggestion the lapdancing club is going to close as a result of the sale.
The Savills listing says the building is close to ‘numerous other leisure operators’, mentioning The Leadmill, The Howard the students’ union.
Pete Scholes, surveyor in the licensed leisure team at Savills, said: “This established city centre business offers a good rental income and we therefore expect it to generate significant interest among potential investors.”
The Star asked Spearmint Rhino for a comment but got no response.
The venue is the only licensed lapdancing club in Sheffield, but that could change. Rockwave Leisure Ltd hopes to open club called Villa Mercedes in nearby Suffolk Street, not far from the railways station and a few doors down from The Leadmill.
The deadline for comments on the firm’s sexual entertainment venues licence application passed earlier this month and, according to Sheffield Council, 181 comments had been received - with just one in favour.
According to the licence application, the club would open from midnight to 8am, seven days a week. Alcohol would be on sale until 7am.
A previous Villa Mercedes, in Charter Square, shut down several years ago. A Harrogate club, also called Villa Mercedes, run by the firm was shut down in August 2015. It was stripped of its licence for reasons including physical contact with the dancers and allowing audience participation.
When Spearmint Rhino applied to extend its own licence earlier this year was passed despite 70 objections.
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