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

12

13

11

10

10

25

8

7

5

21

619

1

23

24

20

262

223

15

16

4 9

18

17

14

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 466211iana@atretail.co.uk

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 872141mark.convery@sw.co.uk

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