£25,000 pa

Leisure/hospitality to let

  1. Property photo 1 of 1.

£25,000 pa

£2,083 pcm

Leisure/hospitality to let

Castle Stairs, Newcastle Upon Tyne NE1

Local area information

Property location

Nearby amenities

  • Manors 0.2 miles
  • Christ Church CofE Primary School 0.4 miles
  • Newcastle 0.4 miles
  • Our Lady and St Anne's RC Primary School 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Newcastle and Gateshead to find out more about the local area.

Features and description

  • Café / F&B Opportunity
  • Highly visible corner unit
  • Full height glazing to the south overlooking the Tyne Bridge
  • External landscaped terrace
Location
This new development which extends to 120,000 sq ft of grade A offices forms part of a wider ongoing regeneration project which will comprise mixed uses including office, retail and leisure.
Practical Completion is now imminent (April 2023) and tenants will include dac Beechcroft and Lycetts Insurance Brokers with solicitors instructed and terms being negotiated on an ongoing basis with other interested parties.
There are a number of bars and café’s in the vicinity and the adjoining Worswick Chambers is currently undergoing redevelopment to provide 40,000 sq ft accommodation for The Stack, a mixed use leisure venue which will open in Autumn 2024.

The opportunity

The premises comprise a highly visible corner unit at the south west corner of Bank House with full height glazing to the south overlooking the Tyne Bridge and to the West overlooking Pilgrim Street.
Due to level changes, there is significant height within the unit and therefore scope to incorporate a mezzanine on terms to be agreed. The unit physically adjoins the main reception area and whilst it has been built as a self-contained space for a café, there is scope to open up part of the sub dividing wall to provide visibility and access for visitors and office users alike subject to the requirements of the end user.
Additionally there is an external landscaped Terrace with existing hard seating and with scope for further seating as required.

Accomodation

The gia of the Café as built is as follows:

Ground Floor Gross Internal Area
1,195 sq ft
111 sq m

External Terrace Area
To be agreed

Additional Mezzanine level facilities can be added subject to negotiation with the prospective end user.

There is scope to open up part of the sub-dividing wall to provide visibility and access for visitors and office users alike subject to the requirements of the end user.

Terms
The premises are available on the basis of a new lease for a term to be agreed at a rent of£25,000pa.
Reconfiguration discussions are welcomed and the rent will be adjusted to reflect changes agreed.

Business rates
The premises have not yet been assessed for Business Rates purposes.

Service charge
The service charge for the retail unit will equate to circa £2.49 sq ft.

Viewing

For further information please contact:
Ian Angus
T:

Or joint agent:
Steve Henderson
T:

More information

Report this listing

Property descriptions and related information displayed on this page are marketing materials provided by - @retail. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact @retail for full details and further information.

  1. Zoopla
  2. Commercial to let
  3. Tyne & Wear
  4. Newcastle upon Tyne
  5. Newcastle City Centre
  6. Castle Stairs

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

Zoopla Limited is an appointed representative of Uswitch Limited which is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide the mortgage calculator tool and incorporated with company registration number 06074771 and registered office at The Cooperage, 5 Copper Row, London SE1 2LH. Uswitch Limited is authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 312850.

Zoopla.co.uk is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions. Zoopla.co.uk and Mojo Mortgages are part of the same group of companies. Zoopla may receive an introduction fee from Mojo Mortgages on completion of successful mortgage applications. This fee is based on a percentage of your loan amount. Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376) and is authorised and regulated by the Financial Conduct Authority and is on the Financial Services Register (478215). Mojo's registered office is The Cooperage, 5 Copper Row, London, SE1 2LH. To contact Mojo by phone, please call 0333 123 0012.