2-12 Grey Street

Former Leila Lily's, Newcastle upon Tyne, NE1 6AE

5,909 sq ft

Prominent City Centre Leisure Opportunity

Summary

City Centre Leisure Opportunity
Size: 549.00 sq m (5,909 sq ft)
Rent: On Application
EPC Rating C
Subject to Contract

Location

The property occupies a highly prominent and prestigious position on Grey Street, widely regarded as one of Newcastle upon Tyne's premier city centre destinations and renowned for its exceptional Georgian architecture and vibrant leisure, retail and hospitality offer.

Situated in the heart of the city's prime commercial core, the premises benefit from substantial levels of pedestrian footfall throughout the day and evening, generated by a diverse mix of office workers, residents, students, tourists and visitors to the city's thriving night time economy.

Grey Street forms one of Newcastle's principal thoroughfares, linking the retail and leisure amenities of the city centre with the wider business district and cultural quarter. The property enjoys excellent connectivity, being within easy walking distance of Newcastle Central Station, which provides regular rail services throughout the North East and national connections to major UK cities.

In addition, the city's comprehensive Metro network is readily accessible via nearby Monument and Central Station interchanges, providing convenient access across Tyne and Wear and Newcastle International Airport.

The surrounding area is established as one of Newcastle's most sought-after leisure and hospitality locations, with a strong concentration of bars, restaurants, hotels and cultural attractions. Nearby occupiers include The Botanist, Miller & Carter, Zizzi, Banyan, The Alchemist, Pitcher & Piano, Dog & Parrot and Flat Iron Steak House, together with a range of independent operators that contribute to the area's vibrant character.

The property is also situated close to Newcastle Theatre Royal, Grainger Market, Monument and the city's principal retail pitches, further enhancing its appeal as a venue capable of attracting customers from across the region.

Overall, the property offers a rare opportunity to secure a landmark leisure venue in one of Newcastle City Centre's most recognised and well connected destinations.

Get directions from Google Maps

Mainline Stations

Manors

5 mins
Newcastle

6 mins
Dunston

37 mins
MetroCentre

45 mins

Underground Station

Chesham

4430 mins
Amersham

4472 mins
Chalfont and Latimer

4487 mins
Broxbourne

4487 mins

Further Information

Rates Payable Upon Enquiry

EPC Rating This property has been graded as C (72)

Description

The property comprises a substantial former bar and restaurant premises occupying part of a prominent period building within Newcastle city centre's historic core. Extending to approximately 5,909 sq ft over ground floor and basement levels, the accommodation forms part of the renowned Grey Street streetscape and benefits from Grade II listed status, offering an attractive blend of historic character and operational functionality. The building incorporates a variety of interconnected trading areas, creating a distinctive and flexible configuration capable of supporting a broad range of hospitality, leisure and entertainment concepts.

A key attribute of the property is its dual access arrangements from both Grey Street and Mosley Street, providing excellent customer accessibility, servicing opportunities and flexibility of occupation. The varied layout offers scope for operators to create multiple customer environments within a single venue, making the premises particularly well suited to food and beverage, experiential leisure, late-night entertainment or destination hospitality uses.

The property further benefits from an established premises licence permitting trading until 2:00am, representing a significant advantage within Newcastle city centre's highly regarded leisure and hospitality market. The combination of its prominent location, substantial floor area, character features, flexible accommodation and late-night consent presents a rare opportunity to secure a landmark venue in one of the city's most sought-after commercial destinations.

Terms

New lease is available on an Effective Full Repairing and Insuring basis with terms to be agreed subject to contract.

Rent available upon application.

Use / Planning

We understand that the property benefits from consent for its current use that falls under Use Class E of the Town & Country Planning Use Classes Order as amended 1 September 2020.

Alternative uses may be considered subject to obtaining the necessary planning consent via the Local Planning Authority, Newcastle City Council.