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£3,200,000 (Subject to Contract and Exclusive VAT)
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.
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.
221844.55 per annum exclusive
Freehold
A net initial yield of 6.5%.
Surveyor | Investment
Associate Partner | Investment
Partner | Investment
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abrdn
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La Salle Investment Management
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M & G Real Estate
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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
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