Prime Newcastle City Centre Retail Unit with Offices
107-109 Northumberland Street, Newcastle upon Tyne, NE1 7AG
3,073 sq ft Enquire NowTo Let / May Sell - Prime City Centre Retail Premises with Offices
Summary
- 3 Storey Mid Terrace Property
- Size: 285.47 sq m (3,073 sq ft)
- Rent On Application
- Offers in the region of £2.5M
- Subject to Contract
Location
Newcastle upon Tyne is located in the north east of England and has an urban area population of some 190,000 persons. Newcastle is principally accessed via the A1, A19 and A69. Newcastle International Airport is 7 miles north west of the city centre, providing international and domestic services. Sunderland is situated 14 miles to the south east, South Shields 14 miles to the east and Carlisle 58 miles to the west.
The subject property is situated on the northern end of Northumberland Street, the principal shopping street in Newcastle City Centre. Surrounding occupiers include Costa Coffee, Marks and Spencer’s, Jollibee, Sainsbury’s Local, CeX Entertainment, Dawson & Sanderson Travel Agency, Starbucks, Primark and a variety of other national retailers.
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Mainline Stations
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Manors8 mins
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Newcastle11 mins
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Dunston42 mins
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MetroCentre47 mins
Underground Station
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Chesham4437 mins
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Amersham4479 mins
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Chalfont and Latimer4494 mins
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Broxbourne4494 mins
Further Information
Price Offers in the region of £2,500,000
Rates Payable Upon Enquiry
Description
The subject property comprises a 3 storey, mid terrace building of brick construction under a flat felted roof covering dating back to the early 20th century. KFC currently occupy the ground floor of which their existing lease is due to expire in December 2025. The unit is in a prominent position facing directly onto Northumberland Street and benefits from rear delivery access and consistently high levels of footfall throughout the majority of the day.
The ground floor has been fitted to a high specification by the current tenant, however, the unit will likely be stripped to shell once the tenant has vacated. The upper floors provide office accommodation which present an operator/investor with the opportunity to redevelop or refurbish the space. The upper parts benefit from a separate access from Northumberland Street and provide copious amounts of natural light internally.
The opportunity would be suitable for a variety of occupier requirements and viewings are highly recommended. Newcastle City Council are also investing significantly into the core of Northumberland Street by improving the pedestrianised areas along with accommodating adequate seating provision. Works are ongoing and due to be completed early 2026. Please see link provided below providing further information regarding the improvements to Northumberland Street:
The future of Northumberland Street coming to life | Newcastle City Council
Terms
The property is available by way of a Full Repairing and Insuring (FRI) Lease for a term of years to be agreed, subject to contract.
Rent available upon application. The property has the ability to be carved allowing the ground floor to be rented separately to the upper floors and vice versa.
Alternatively, our client may consider selling the Freehold interest with offers invited in the region of £2.5 Million, subject to contract.
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