Newcastle upon Tyne, Pilgrim’s Quarter

Rent: £Price on Application

Region: Tyne and Wear

Town/City: Newcastle upon Tyne

Pilgrims Quarter is located in the heart of Newcastle City Centre on Pilgrim Street at its junction with Northumberland Street and Blackett Street.

The Location
The development will comprise of 600,000 sq ft of offices let to the Department of Work and Pensions.  Planned works of re-surfacing and street furniture will enhance the location and provide an attractive public realm on Completion in 2025.  The development will include six new retail units located at ground floor which will be of interest to Financial Services, Retail and ‘lite’ Food and Beverage type uses.

 

The Opportunity
Being within the prime retail core diagonally opposite the iconic Monument Mall and within the newest and largest development in the City Centre, the opportunity to secure representation is an exciting one.

 

Accommodation

The units are available by way of a new effective full Repairing and Insuring lease for a term to be agreed incorporating 5 yearly rent reviews.

RETAIL UNITS (GIA)	SQ M	SQ FT	RENT
Unit 1	202	2,174	UNDER OFFER
Unit 2	114	1,227	£65,000 pax
Unit 3	192	2,067	£110,000 pax
Unit 4	125	1,345	£70,0000 pax
Unit 5	240	2,583	£95,000 pax
Unit 6	92	990	£32,500 pax
TOTAL RETAIL AREA	966	10,398

Service Charge
Annual Service Charge TBC but estimated at £3.00 sq ft.

 

Business Rates
The units have not yet been assessed for Rates purposes.

 

CONTACT JOINT AGENTS TO DISCUSS THE OPPORTUNITIES IN FURTHER DETAIL:

IAN ANGUS
T: 07960 466211
E: iana@atretail.co.uk

 

or

STEVE HENDERSON
T: 07870 999618
E: shenderson@savills.com