Investment.

Newcastle.

91-97 Northumberland Street, NE1 7AG

Map View

Status.

Available

Accommodation.

Ground Floor Sales 1,971 sq ft 183.18 sq m
Ground Floor Ancillary 238 sq ft 22.12 sq m
Basement Ancillary 2,320 sq ft 215.61 sq m
First Floor Ancillary 2,926 sq ft 271.93 sq m
Second Floor Ancillary 1,254 sq ft 116.54 sq m
Third Floor Ancillary 210 sq ft 19.52 sq m

Price.

£3,200,000 (Subject to Contract and Exclusive VAT)

Location.

Newcastle upon Tyne is a city located in the North East of England, within the county of Tyne and Wear. It lies on the northern bank of the River Tyne, approximately 280 miles (450kilometres) north of central London.

Newcastle is well-connected by road, with the A1 motorway serving as a major north-south route. If you're traveling by car from London, you can take the A1(M)motorway, which provides direct access to Newcastle, making it a convenient route for travellers from various parts of the UK.

Newcastle is served by Newcastle Central Station, one of the key railway stations in the region. Trains run regularly from London King's Cross, in a fastest journey time of circa 3 hours. Edinburgh, Leeds and Manchester are also easily accessible.

Newcastle International Airport is the primary airport serving the city and surrounding areas. The airport offers both domestic and international flights.

Description.

The property is situated adjacent to M&S and opposite Primark, both high footfall generating occupiers. The property is also situated within a short distance from Newcastle and Northumbria Universities and a number of office developments, including the Pilgrim’s Quarter, which is set to open in 2027.

The property benefits from a prominent glazed frontage, under canopy, fronting Northumberland Street and is arranged over basement, ground and three upper floors. The ground floor is utilised as sales space, with basement ancillary. The upper floors are unutilised albeit are included within the lease demise.

Rent.

221844.55 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 6.5%.

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

Jonny Gooch.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson