Retail premises to let 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 recently announced 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 an attractive Grade II Listed office building which is arranged over six floors. The property benefits from classic Victorian architecture with features including original sash windows, grand staircases, ironwork balustrades, architraves and a golden sandstone exterior.

The ground floor suite offers a prominent traditional retail frontage and may be suitable for a range of uses, subject to planning permission.

Accommodation

Ground floor 160.6m² 1,748ft²

EPC rating

D99

Rating assessment

We understand that the rateable values will need to be assessed at occupation and interested parties should confirm the current position with the Local Authority.

Terms

The space is available by way of a new lease with terms to be agreed with the rent available on application.

A service charge will be payable with further details available on request.

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.

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.