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TO LET LAST REMAINING UNIT - Cloud Object Storage | Store ... · Marks & Spencer, Fenwicks, John...
Transcript of TO LET LAST REMAINING UNIT - Cloud Object Storage | Store ... · Marks & Spencer, Fenwicks, John...
NEWCASTLE UPON TYNECITY CENTRE RETAIL/ LEISURE OPPORTUNITY
TO LET - LAST REMAINING UNIT389 SQ M (4,187 SQ FT) Plus Storage
UNIT 2A NEWGATE STREET NEWCASTLE UPON TYNE NE1 5RE
INSIDER NORTH EAST PROPERTY AWARDS COMMERCIAL DEVELOPMENT OF THE YEAR 2019
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1 The Property2 The Gate
3 St Andrews Way, Intu Eldon Square
4 Intu Eldon Square Shopping Centre
5 Northumberland Street
6 Grey Street
7 Fenwick Department Store
8 M & S
9 John Lewis
10 Newcastle University
11 Motel One Hotel
12 Everyman Cinema
13 St James’ Park
14 Science Central
15 Grainger Market
16 Showcase Cinema
17 Indigo Hotel
18 St James’ Park Metro Station
19 Bigg Market
20 Central Station (East Coast Mainline & Metro)
21 Monument Metro Station
22 Newgate Co-op Building & Premier Inn
23 Sandman Hotel
24 County Hotel
25 Haymarket Bus / Metro Station
26 Blackfriars / China Town
SITUATION
THE GATE
O2 ACADEMY NEWCASTLE
NEWCASTLE CASTLE
RIVERSIDE NEWCASTLE
NEWCASTLECITY MARINA
GRAINGER MARKET
NORTH EAST ART COLLECTIVE
NEWCASTLEUNIVERSITY
NEWCASTLEUNIVERSITY
LIBRARYCASTLE LEAZES
SUMMERHILL PARK
ST. JAMES’ PARK
CHINATOWN
DISCOVERY MUSEUM
TIMES SQUARE
RIVER TYNE
GREAT NORTHMUSEUM: HANCOCK
GALLERY NORTH
NEWCASTLE CITY HALL
NORTHUMBRIAUNIVERSITYNEWCASTLE
CITY CAMPUS
OLD ELDONSQUARE
LEAZES PARK
TYNE BRIDG
E
NEVILLE STREET
A186
A193
WESTGATE ROAD
ST J
AM
ES’ B
LVD
BARRACK ROAD
A189
RICHARDSON ROAD
B131
8 G
REAT
NO
RTH
ROAD
ST MARY’S PLACE
STOD
DA
RT STREET
SANDYFORD ROAD
A167(M)
A167(M)
CLAYTON ST
NEW
GAT
E ST
REET
BIGG MARKET
PILGRIM
STREET
BLACKETT ST
WELLINGTO
N STREET
LEAZERS TERRACE
STRAWBERRY PLACE
CLOSE
QUAYSIDE
SANDHILL
QU
EEN
VIC
TORI
A R
OA
D
WARWICK STREET
GREY STREET
ST NICHO
LAS’ ST
FORTH ST
WESTGATE RO AD
WAT
ERLO
O S
TST
OW
ELL
ST
ST THOMAS’ STREET
HIG
H B
RIDGE
NELSON ST
MANORS
NEWCASTLECENTRAL
Central
MonumentSt James
Haymarket
Manors
CITY CENTRE RETAIL/LEISURE OPPORTUNITY
WESTM ORLAND ROAD
WESTGATE ROAD
CLAYT
ON STRE
ET
DIA
NA
STRE
ET
CORPORATION ST
WELLINGTON STREET
PERC
Y ST
NO
RTHU
MBERLA
ND
ST
MARKET STGREY’S
MONUMENT
THEATREROYAL
QUAYSIDEDEAN
ST
FORTH BANKS
GRAI
NGE
R ST
ST JA
MES
’ BO
ULEV
ARD
INTU ELDON SQUARESHOPPING CENTRE
BARRACK ROAD
SCIENCECENTRAL
GREY STREET
CENTREFOR LIFE
NEVILLE STREET
BLACKETT STREETGALLOWGATE
STO
WEL
L STR
EET
JOH
N D
OBSO
N ST
Central StationPILGRIM ST
WESTGATE ROAD
HIGH LEVELBRIDGE
SWINGBRIDGE
MILLENNIUMBRIDGE
TYNEBRIDGE
THE BALTICCENTRE FOR
CONTEMPORARYART
SAGEGATESHEAD
LAW COURTS
HOTELINDIGO
A167M
ST JAMES’ PARK
A186
A167M
A167M
MALMAISON
PITCHER& PIANO
Haymarket
55DEGREESNORTH
ST NICHOLAS’ ST
SIDEWESTGATE RD
THE HILTONNEWCASTLEGATESHEAD
Monument
COLLINGWOOD ST A186
THEGATE
BIGG MARKET
CITY CENTRE RETAIL/LEISURE OPPORTUNITY
St James
Manors
CHINATOWN
NEW
GAT
E ST
REET
NEWCASTLECASTLE
LOCATION
Unit 2A 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:
DEMOGRAPHICSNewcastle City Centre is a regional retail destination for the North East of England and pulls from a wide geographical area. The nearest competing centres are Edinburgh some 100 miles to the North and Leeds the same distance to the south.
2.2M people live within a 45 minute drive time.
This catchment has a total retail spend of £8bn.
The city centre is dominated by Intu’s Eldon Square Shopping Centre comprising 150 shops and restaurants in 1.35M sq ft. Intu have spent in excess of £240M in the past 10 years extending, refurbishing and refreshing the scheme. Grey’s Food Quarter was created circa 3 years ago with Intu spending £25million. St Andrew’s Way anchored by Debenhams at the Newgate Street end of the scheme is now recognised to be Newcastle’s prime retail pitch.
Marks & Spencer, Fenwicks, John Lewis and Debenhams all have major department stores in the City Centre and all linked into Eldon Square.
34M shoppers visit Eldon Square alone annually, one of the highest footfall counts for a UK Shopping Centre and Trevor Wood has recently ranked Eldon Square as 15th in the UK hierarchy of schemes.
Fenwick, Northumberland Street
St Andrew’s Way
©Tony Hall
Northumberland Street
©Tony Hall
THE MASTERPLANMcAleer & Rushe have demolished the former 1960’ shopping centre which was accompanied with the Newgate 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 2A provides a spacious retail/leisure opportunity comprising circa 4,187 sq ft at ground floor level which is serviced via BOH area at basement level providing ancillary storage, refuse and delivery access along with secure 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 Unit 2A with terms to be agreed on an effective full repairing and insuring basis subject to contract.
RENT Ground Floor £75,000pa = £17.50 sq ftBasement £8,035pa = £5.00 sq ft
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.
Newgate Street
ENERGY PERFORMANCE CERTIFICATEThe property currently has an Energy Performance Asset Rating of Band B (26). A full copy of the EPC is available upon request if required. Landlord will update the EPC once
Tenant works have been undertaken.
BUSINESS RATES The Rateable Value is estimated at £72,500 however may be subject to change once the unit
has been assessed by the Valuation Office Agency.
VAT All rents quoted are deemed exclusive of VAT where chargeable.
LEGAL COSTS Each party is to be responsible for their own legal costs incurred throughout any transaction.
Newgate Street
CONTACT
Ian AngusDirect: 0191 280 4235Mobile: 07960 [email protected]
A development by:
FLOOR PLANS
Not to scale. For identification purposes only.
Basement
N E WG AT E S T R E E T
N E WG AT E S T R E E T
IMPORTANT NOTICE: Every reasonable effort has been made to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. (i) No description or information given about the site or its value, whether written or verbal or whether or not in these particulars (‘information’) may be relied upon as a statement of representation or fact. (ii) Any areas, measurements or distances given are approximate only. (iii) Any reference to alterations to, or use of any part of the site is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending buyer / lessee. (iv) Any buyer / lessee must satisfy himself by inspection or otherwise as to the correctness of any information given. January 2020
Produced by www.creativestreakdesign.co.uk ref: CSD/1495
Mark Convery Direct: 0191 269 0103Mobile: 07525 [email protected]
MRP Full Colour Version
Ground Floor
Unit B Basement Storage
Unit A Basement Storage
Unit A
Unit B UNDER OFFER
ACCOMMODATION
UNIT SQ M SQ FT
Unit 2A - Ground 389.00 4,187
Unit 2A - Basement 68.34 736
Unit B - Ground UNDER OFFER
Unit B - Basement 80.89 871
TOTAL 538.23 5,794