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A Landmark Property Within the Heart of Newcastle City Centre

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A Landmark Property Within the Heart of Newcastle City Centre A Landmark property within the heart of Newcastle City Centre TO LET / MAY SELL Fenkle Street, Newcastle upon Tyne NE1 5XU Location The location is very accessible via public transport with Haymarket Newcastle Central Station and Metro Stations being A167M NORTHUMBERLAND ST within a short walking distance away. T JOHN DOBSON S CY S ER P ST JAMES’ To the north of the site is the Newgate Development B AR PARK RA CK Intu Eldon Square which occupies the 4 Star Maldron Hotel and Unite RO T AD Shopping Centre Student accommodation. T W St James T BLACKETT STREET EE EL Monument E LINGT E TR G A R LLO ATE T WG S ON S GREY’S The opportunity is also in close proximity to The Gate E CHINA T MONUMENT A DIANA S TR TOWN G T A167M EE T W T S Leisure complex which is home to the Empire Cinema SCIENCE E E THEATRE T ARK CENTRAL EE N M ROYAL Manors TR P in addition to numerous leisure establishments THE IL GATE THE G D R G I R M MALDRON R A E S including late night bars and Aspers Casino. Indigo V T HOTEL Y E 55 STOWELL S L S U T DEGREES O UNITE STUDENT R Hotel sits directly adjacent to the subject property E NORTH B ACCOMMODATION E ’ CLAYTON ST T S E HOTEL BIGG MARKET and the historic Bigg Market and ‘Diamond Strip’ on M MALMAISON DEAN ST A J INDIGO W PITCHER T ESTGA S T Collingwood Street accommodating the cities more E ROAD & PIANO ST NICHOLAS’ ST GRAINGER ST LAW COURTS THE BALTIC popular leisure destinations. CENTRE FOR COLLINGWOOD ST A186 CONTEMPORARY W SIDE MILLENNIUM ES ART T TGA BRIDGE A186 REE T ST E R ILLE D Newcastle City Centre is a regional leisure/retail NEV YSIDE NEWCASTLE QUA W CASTLE destination for the North East of England with the ESTM ORLAND ROAD TYNE SAGE nearest competing cities being Edinburgh some Central Station BRIDGE GATESHEAD CENTRE SWING 100 miles to the North and Leeds circa 100 miles FOR LIFE BRIDGE THE HILTON to the South. NEWCASTLE HIGH LEVEL GATESHEAD A Landmark BRIDGE A167M property within the GREY’S MONUMENT, GREY STREET heart of Newcastle City Centre FORTH BANKS FENKLE STREET AND WESTGATE ROAD NEWCASTLE CENTRAL STATION AND METRO MALDRON HOTEL, NEWGATE STREET Fenkle Street, Newcastle upon Tyne NE1 5XU THE GATE LEISURE COMPLEX Description The whole property has previously been owner occupied over the past 40 years with BONBAR and 467 VIP Club at ground floor and Assembly Rooms function suites to the upper parts hosting corporate functions, banquets and conferences. The upper parts can accommodate up to a capacity of circa 450 guests. The ground floor and upper floors have two separate premises licences in place until 4am which provides a very rare opportunity in the market with no alternative opportunities currently offering this type of license. Also, the external forecourt to the front elevation also has a 4am license comprising circa 5,300 sq ft. The property has the opportunity to be carved up seeking two operators. One for the ground floor and another for the upper parts. If one operator wishes to acquire the whole property this option would also be The external considered subject to contract. forecourt to the The upper parts front elevation also can accommodate has a 4am license up to a capacity comprising circa of circa The property comprises a 450 guests. Grade II Listed Georgian building 5,300 sq ft. constructed back in 1776 and is full of character/aesthetically pleasing features throughout. Fenkle Street, Newcastle upon Tyne NE1 5XU Forecourt Area Ground Floor BONBAR Rateable Value Anti-Money Laundering With effect from the 1st April 2017 we understand In accordance with Anti Money Laundering that the property is assessed for rating purposes Regulations, two forms of identification and as follows: confirmation of the source of funding will be Rateable Value £160,000 required from the successful purchaser. Our client reserves the right not to accept Interested parties should verify the accuracy of the highest or any offer received this information and rates payable with the local rating authority, Newcastle City Council. Services VAT We understand that the property has all mains services connected however any interested All rents/prices quoted are deemed exclusive parties should make their own enquiries with of VAT where chargeable regard to this matter. Legal Costs Each party is responsible for their own legal costs incurred throughout any transaction. Lease Terms/ Asking Prices The whole property is available by way of a full repairing and insuring lease for a term of years to agreed subject to contract. Rent available upon application. Alternatively the ground floor would be available at an asking rent of £150,000 per annum exclusive and the upper floors at an asking rent of £200,000 per annum exclusive with terms to be agreed subject to contract. Our client may also consider selling the freehold interest in the property of which further information is available upon request. Ground Floor BONBAR Accommodation We understand that the property comprises the following Gross Internal Floor areas: FLOOR SQ M SQ FT GROUND FLOOR 1,070 11,517 FIRST FLOOR 1,001 10,774 SECOND FLOOR 351 3,785 TREE TREE REMOVEABLE BASEMENT 95 1,026 TRAILER SMALL PARASOLS AND NON EXTERNAL FORECOURT 492 5,300 FIXED SEATING TOTAL 3,009 32,389 OFFICE OFFICE THE REGENCY SUITE RECEPTION ACCESS ROAD THE FALSTAFF OFFICE WC SUITE WC GALLERY BAR WC WINE STORE WC WC BAR THE BAR WC WC MELDON SUITE THE CHANDELLER SUITE BAR WC WC WC WC THE LOUNGE WC WEDGEWOOD LOWER BALL- SUITE ROOM STORE STORE KITCHEN STAFF THE ROOM HALTON SUITE KITCHEN STORE KITCHEN STORE STORE STORE BASEMENT GROUND FLOOR FIRST FLOOR SECOND FLOOR Reception Area CONTACT DETAILS Mark Convery MRICS T: 0191 269 0103 M: 07525 872141 E: [email protected] sw.co.uk Kevin McGorie MRICS T: 0191 269 0174 M: 07901 710 671 0191 261 2681 Fenkle Street, Newcastle upon Tyne NE1 5XU E: [email protected] IMPORTANT NOTICE: Every reasonable effort has been made to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. (i) No description or information given about the site or its value, whether written or verbal or whether or not in these particulars (‘information’) may be relied upon as a statement of representation or fact. (ii) Any areas, measurements or distances given are approximate only. (iii) Any reference to alterations to, or use of any part of the site is not a statement that any necessary planning, building regulations or other consent has been obtained. These matters must be verified by any intending buyer / lessee. (iv) Any buyer / lessee must satisfy himself by inspection or otherwise as to the correctness of any information given. October 2019. Produced by www.creativestreakdesign.co.uk Ref: CSD/1515.
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