Office for sale in Pilgrim Street, Newcastle Upon Tyne NE1

Location

The subject property is located at the bottom of Pilgrim Street, next to the Swan House Roundabout in Newcastle upon Tyne city centre. Pilgrim Street links the A167(M) and the Tyne Bridge with Newcastle city centre and is popular with local bus routes.

Pilgrim Street provides access to Northumberland Street, which is the main retail street in the city and it also runs parallel to Grey Street which is one of the main leisure and business destinations. Intu Eldon Square, which is the main shopping centre in Newcastle is just 0.2 miles away and Northumberland Street, is situated 0.2 miles away at the top of Pilgrim Street.

The property is easily accessible by road and public transport as it benefits from being 0.2 miles from Monument Metro Station and 0.4 miles from Central Train and Metro Stations. The A167(M) is 160 yards away and the Tyne Bridge is approximately 0.5 miles away.

The property sits opposite the Bank House office development, comprising 120,000 sq. Ft. Of newly constructed Grade A office and retail accommodation provided over 14 storeys.

Description

The subject property comprises a terrace office building which is arranged over 6 floors.

The property benefits from classic Georgian architecture with features including original sliding sash windows, grand staircases, ironwork balustrades, balustraded balconies to first floor windows, architraves to the second floor and golden sandstone exterior. Internally, the property has been modernised and benefits from gas central heating, cat 5 cabling, raised floors and A/C throughout.

Accommodation

Floor Size (M²) Size (Ft²)
Basement 203.6 2,215
Ground floor 200.8 2,185
1st Floor 199.1 2,166
2nd Floor 164.9 1,794
3rd Floor 97.9 1,065
4th Floor 84.1 915
Total 950.4 10,340

Rateable value

We understand that the rateable value for each floor will need to be reassessed and interested parties should confirm the position with the local authority.

EPC rating

D99

Terms

The freehold of the property is available with a guide price of £1,500,000 (One Million Five Hundred Thousand Pounds).

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.