Retail premises to let in Nelson Street, Newcastle Upon Tyne NE1

Key Points

Description

The property comprises a traditional sandstone end terrace building dating back to approximately 1899 and is of Grade I listed status. The property adjoins the ever popular Grainger Market, one of Newcastle’s best loved historic sites which continues to provide the city with fresh and affordable produce.

11-13 Clayton Street provides a well configured retail sales area with a sizeable kitchen area at basement level. The unit benefits from having all main services connected, extraction system and of course return frontage facing directly onto both Clayton Street and Nelson Street. The glazed frontage also draws in copious amounts of natural light. The footfall levels in this location are consistent throughout on a daily basis with millions of customers passing the unit on an annual basis.

The Grainger Market is scheduled to undergo a multi-million pound redevelopment whereby Newcastle City Council are proposing to invest circa £2million into the redevelopment of the market on top of the £7million received from the Levelling Up Fund. The Grainger market is quoted as being the ‘Jewel in the crown’ of Newcastle’s historic retail offer and will only be seen as a huge positive to operators in and around the market.

Location

The property is located on the east side of Clayton Street where it meets Nelson Street in the centre of Newcastle upon Tyne. The property lies within the heart of the City Centre within close proximity to Monument Metro, Central Station and Haymarket as well as having plentiful car parking available at The Gate, Pilgrim Street and Dean Street amongst others. The ever-popular Grainger Market sits directly adjacent providing a contrast of local operator retailing.

Occupiers in the immediate vicinity include Olive & Bean, Poundland, Tesco Express, Burger King, British Heart Foundation, The Alchemist, Black Sheep Coffee amongst numerous other national and local operators. Mowgli Street Food are also scheduled to open their doors soon at the former Café Royal site on Nelson Street which will increase footfall further in this location. The entrance to Eldon Square Shopping Centre also sits directly opposite the property providing direct access to St Andrews Way which accommodates occupiers such as Apple, Hollister, Mango, All Saints, H&M, New Look etc.

Terms

The premises is available by way of a Full Repairing and Insuring Lease for a term of years to be agreed at an asking rent of £28,500 per annum exclusive, subject to contract.

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The accommodation comprises the following areas: