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Newcastle upon Tyne, Unit 2 Newgate Street
Newcastle upon Tyne, Unit 2 Newgate Street
Newcastle upon Tyne, Unit 2 Newgate Street
Newcastle upon Tyne, Unit 2 Newgate Street

Rent: £Price on Application

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


LOCATION
Unit 2 comprises part of a landmark development in the heart of Newcastle City Centre. The location is very accessible by public transport with both Newcastle Central Station and Metro Stations within 5 minutes’ walk, whilst Newgate Street is one of the main bus routes through the city.

To the immediate West of the site is The Gate Leisure complex, home to a 12 screen Empire Cinema in addition to a variety of restaurants including, Nando’s and TGI Friday plus several late night bars and an Aspers Casino.  Newcastle’s historic Bigg Market has recently been refurbished offering al fresco eating and drinking.

St James’ Park Football Stadium, a 52,000 seat capacity Premier League Venue, and the City’s Business District are located nearby to the North West.  Also, in immediate proximity is the Debenhams entrance to Intu Eldon Square; Newcastle’s premier shopping centre, providing 1.6 million sq ft of retail accommodation.  Other nearby retail occupiers and landmarks include Debenhams, The Gym, Burger King and Tesco.

 

THE MASTERPLAN
McAleer & Rushe have demolished the former 1960’ shopping centre which was accompanied with theNewgate Hotel and have recently completed the new development on a circa 2 acre site creating an award winning development within the heart of the city centre.  The landmark scheme includes a 575 purpose built student rooms operated by Unite Group.  The subject
opportunity sits directly underneath the student accommodation. A 265 bed Maldron Hotel has also been developed on the upper parts within the same scheme with both operations benefitting greatly from good occupancy levels from the outset.

 

THE PROPERTY
Unit 2 provides a very spacious retail/leisure opportunitycomprising circa 7,198 sq ft at ground floor level which is serviced via BOH area at basement level providing ancillary storage, refuse and delivery access along withsecure car parking. We understand that all mains service are connected to the property however interested parties should make their own investigations with regard to this matter. The retail unit is in shell specification ready for a suitable operator to carry out proposed fit out works.

 

TERMS
Expressions of interest are invited for part or the whole of Unit 2 with terms to be agreed on an effective full repairing and insuring basis subject to contract.

 

RENT
Rent available upon application.

 

PLANNING
Consent has been granted for retail and/or leisure uses (Use class A1, A2 and/or A3) under application 2014/0568/01/DET and 2017/1227/01/DET.

Property type: Leisure, Retail

Rateable value: £TBC

Planning use: A1, A2 & A3

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