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Cuthberthouse Newcastle Upon Tyne Ne1 2Et CUTHBERTHOUSE NEWCASTLE UPON TYNE NE1 2ET LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL CUTHBERTHOUSE NEWCASTLE UPON TYNE NE1 2ET LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL Newcastle Central Station Newcastle University CITY CENTRE QUAYSIDE Monument Northumberland Street Manors Sage Tyne Bridge Trinity Gardens CUTHBERT HOUSE Metro Radio Intu Eldon Central Gateshead Quayside Arena Square Library Development 55˚ North Residential Grey Street Development Northumbria University LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL CUTHBERTHOUSE NEWCASTLE UPON TYNE NE1 2ET LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL INVESTMENT CONSIDERATIONS PROPOSAL ■ Prominent City Centre office with excellent ■ Excellent development opportunities including Offers sought in excess of£3,750,000 (Three Million, asset management and development potential potential for hotel, refurbished offices, student Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level ■ Well located adjacent to Tyne Bridge, a short or traditional residential uses (STP) would reflect a very lowcapital value of £61.15 psf. walk from Newcastle Central Station ■ Currently producing a passing rent of ■ Freehold £133,967 per annum, reflecting £11.02 psf over the office accommodation DATAROOM Central ■ The property comprises 61,326 sq ft of office Library accommodation with an onsite café and ■ Potential to gain vacant possession in For access to the Allsop dataroom, please use the following link: under-croft parking for 53 cars December 2018 https://datarooms.allsop.co.uk/register/cuthberthouse LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL CUTHBERTHOUSE NEWCASTLE UPON TYNE NE1 2ET LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL DEMOGRAPHICS With a total population of approximately 280,000 people, the City is home to approximately 169,000 employees, making it the largest employment centre in Tyne and Wear. According to PROMIS, 23.9% of all employees are employed in professional office based roles. Newcastle upon Tyne is a thriving student city, home to both the University of Newcastle and Northumbria University. The universities attract a combined total of approximately 51,000 students each year from over 100 countries. As one of the prime tourism destinations in the UK, it is estimated that approximately 17 million people visit Newcastle upon Tyne each year, spending around £1.4 billion. Over 18,000 people are employed in the tourism sector in Newcastle and Gateshead. Whitley Bay Newcastle A1056 A192 International A19 Airport East A193 North Brunton Gosforth A191 A189 A1 North Gosforth Longbenton Shields A696 South Gosforth A1058 South Shields LOCATION A188 A187 A186 Newcastle upon Tyne is the regional capital of the North East and the A69 principle focus of economic activity within the region. Located 105 miles A6085 Wallsend A167 NEWCASTLE (168 km) south of Edinburgh and 270 miles (434 km) north of London, A191 Newcastle upon Tyne is the largest employment centre in Tyne & Wear as UPON TYNE A183 Arthur's Hill A193 Hebburn well as an important hub of tourism and culture in the UK. A186 A185 A1018 Newcastle upon Tyne benefits from excellent road and rail links. Newcastle CUTHBERT has excellent access via the A1 south to Leeds and north to Edinburgh. Road HOUSE Byker Jarrow communications via the A19 to the south have been significantly improved A695 A1300 by the recent duelling of the Tyne Tunnel which was completed in 2012 and Blaydon South has involved the introduction of a second tunnel. A194 Tyneside Gateshead A184 Newcastle Central Station is situated at a key point on the UK rail network A1 Dunston A19 with direct access to many major cities. The East Coast Mainline has a travel time to London of approximately 2 hours 50 minutes and less than 1 hour 30 minutes to Edinburgh. The City also benefits from an extensive Metro system. A194(M) A167 LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL A195 A1231 Jesmond CUTHBERTHOUSE NEWCASTLE UPON TYNE NE1 2ET C L AD A D RO LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL R FOR P E DY O M AN R O S T N L T A R N O D A C R D E O D N A A T D O R R A D L UNIVERSITY D A M R NORTHUMBRIA O O O R OF T F UNIVERSITY O A E Y I G R NEWCASTLE D R D W I N CAMPUS O R A T CAMPUS A B Y C S CITY CENTRE I S V A A S 1 N R 6 T E R 7 O REGENERATION E A Civic Centre ( D U B M D Q ) A R D T EAST PILGRIM STREET OA R AND S L T BER HUM R T E Haymarket OR MASTERPLAN N E T T N E O Situated a 2 minute walk to the north from Cuthbert E R R 10 mins T T S H House, the East Pilgrim Street Masterplan area is S C Y U T L walk L M O C A E D the premier strategic commercial development site R B A R E J D Newcastle E E Z P O A R E N R in Newcastle upon Tyne. This 40 acres area is to United S L H C T ET A N RE P ST E N S ER Football Club A D K T Y become the primary gateway to the City Centre, D B S R O R T K S B B EAST PILGRIM E A R R T E R R S with plans to enrich the retail and office offering A R E T C O O K E E R A N STREET T O E A whilst significantly improving the public realm. T D D S T R MASTERPLAN Central to the regeneration is Bank House Square, E E NEW BRIDGE STREET T which fronts Swan House Roundabout, is set to K TE BLACK N GA ETT STREET A C B W provide up to 450,000 sq ft of office, retail and LO Monument R R T St James AL Manors A E G E K intu Eldon N leisure space. E Y W B Square T R T S T H E S K Shopping R A Importantly, part of the Masterplan is improvements A N M L O L Centre S to the pedestrian access between Quayside and B T Manors Station I E G ’ T E the City Centre, which includes improvements S S R T EE E L T TR S S M L G E SCIENCE E E RN to the public realm and subways in and around A T R U A O J E B W D G L OA Y E Y R T M CENTRAL O W CIT E T D Cuthbert House. S T S A N S RO S T Y R T T R 5 mins CI E E E E E G E T walk R N T I S A WES CI TGAT N R TY E R RO O G T O AD T S AD STEPHENSON QUARTER Y Y A E L L C OS M Stephenson Quarter is a mixed use 10 acre T S D regeneration site Phase 1, which completed in WES O TGA O TE GW IN CUTHBERT 2016, included a 35,000 sq ft Grade A office and LL O T C S a 251 room Crowne Plaza Hotel. Phase 2 is set to W HOUSE O E Gateshead O ET S L RE T ST GA include 260,000 sq ft of office space along with R LLE T Millennium E EVI E T N RD residential, leisure and retail accommodation. A E Bridge SID AD W Y RO UA RE Q HO S H WEST UT MORLAND RD LL SO HI Newcastle ND D SA Tyne R Central Station Sage SCIENCE CENTRAL A Bridge V Gateshead E L A 24 acre landmark development for science, U O B education and business. The University of ’ S D E E R S Newcastle’s brand new £58million134,000 sq M O D L A O C J O ft Urban Sciences Building, which opened in T W S S T T EE September 2017, is a flagship development which O R F C T O S S R T Y H typifies the research and science focus of Science A B A W N L K Central. In addition, planning is underway to I S A STER PHENSON develop a Newcastle Laboratory, specifically geared QUARTER River Tyne D OA towards science based commercial activities. W R KE AS Planning permission has also been granted for two Grade A office buildings, which will provide N a total of 240,000 sq ft of new build office Metro Radio Arena E W H I G accommodation. These buildings will be developed G R A E H D T S E in partnership with Legal and General Capital, W Gateshead H T D S E R U E H A Interchange E S G E who have already committed £65 million to the O T E H A R T B S D R T T scheme, creating approximately 2,000 jobs. R R ID O E G S E E E N T N LA R O RK O C A P A D E D A O C N R I ST W R SON E P CK K JA S T A S NT GE RE LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL Cuthbert House, NE1 2ET s e h c r A y a w il a El Sub Sta R CUTHBERTHOUSE NEWCASTLE UPON TYNE NE1 2ET Tower 23.8m l 5 a . 6 pit os P LANDMARK OFFICE WITH DEVELOPMENT POTENTIAL ' H l 4 us ita 1 M Jes osp H 2 sus Je m) oly seu H (Mu y FB 7 wa 8 1 1 to 165 24.1m 3 4 SITUATION 1 Cuthbert House occupies a highly prominent position fronting 27.1m 55 Degrees North 21.3m the Swan House Roundabout.
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