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FOR SALE Opportunity to Acquire a Prominent Redevelopment Asset in One of Newcastle’S Premier Locations

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FOR SALE Opportunity to Acquire a Prominent Redevelopment Asset in One of Newcastle’S Premier Locations FOR SALE Opportunity to Acquire a Prominent Redevelopment Asset in one of Newcastle’s Premier Locations 201 Jesmond Road, Jesmond, Newcastle upon Tyne Tyne & Wear, NE2 1LA Illustrative Drawings & Plans provided by Nicholson Nairn Architects SUMMARY 201 JESMOND ROAD • A rare opportunity to acquire a substantial property within Opportunity to Acquire a Substantial Jesmond the prime suburb of Jesmond Asset for Redevelopment • Located in a prominent position on Jesmond Road OPPORTUNITY • Excellent access to Jesmond’s On behalf of our client we are appointed to sell the including students, young professionals and families amenities, Newcastle city centre premises at 201 Jesmond Road, Newcastle upon Tyne. alongside a variety of business and leisure offerings. and the national road network Jesmond, one of the most affluent suburbs of Newcastle, The subject property extends to approximately • Hugely popular area for both is a thriving community attracting a wide demographic 11,420 sq ft (1,061 sq m), on a site of approximately residents and occupiers 0.303 acres (0.123 hectares). • Sale for redevelopment purposes • No current associated planning permission • Freehold • Onsite parking provisions • The property extends to c. 11,420 sq ft (1,061 sq m) • The site extends to c. 0.303 acres (0.123 hectares) We are instructed to seek offers in excess of £1,500,000 (One Million, Five Hundred Thousand Pounds) for our Client’s Freehold interest, subject to contract. Knightfrank.co.uk 2 LOCATION The subject property is located in the wealthy suburb Jesmond, approximately 1 mile to the north east of Newcastle city centre. Jesmond is an upscale suburb with a population of c. 12,000 and amenities including clothing boutiques, cafes, pubs/ bars, retail, doctors/ dentist surgeries, a park, petting zoo and various gyms/ sports clubs. Occupiers in Jesmond include Waitrose, Tesco, Sainsbury’s, Osbornes, Bar Blanc, Spy, Pizza Express, Greggs, Starbucks, Jesmond Dene House & Peace & Loaf. The property fronts onto Jesmond Road which runs parallel to the A1058 (Coast Road), providing access to Newcastle city centre (1.5 miles) to the south west and Tynemouth (8 miles) to the east. The A1058 links to the A167(M) which provides access to the national road network with Edinburgh 110 miles to the north and Leeds 100 miles to 9 4 7 4 9 2 5 2 1 2 7 7 1 2 3 1 3 the south. 2 9 9 1 5 5 1 1 1 7 5 6 Jesmond is very well connected by a wide range of 2 6 2 1 6 3 2 6 2 transport options, including two stations on the Tyne & 5 5 7 2 5 2 9 1 3 63 24 5 25 Wear Metro (Jesmond & West Jesmond), Cradlewell bus 73 2 85 5 89 103 4 7 97 99 2 4 9 101 1 107 2 4 stop is 50m from the front of the subject property and 05 2 40.7m OS Newcastle International Airport is 8 miles to the north west. 43.9m BORNE AVENUE 0 6 6 6 39.3m 8 6 6 7 0 8 2 8 LB 4 8 6 8 8 8 3 3 9 0 4 5 2 1 D 4 A 2 O 7 3 R 9 D 2 3 2 N 3 O 3 2 5 M 3 S 5 7 2 2 7 2 E 5 2 8 6 J 5 2 9 2 1 2 3 2 1 J 2 2 2 e 2 3 4 s 2 2 m 5 o 2 2 n 2 d 7 C B 1 u 2 9 2 ou s 1 0 i rt ne 2 ss T E E R T S R A Shelter H C U 1 3 E 3 3 1 D 0 2 8 Shelter t s a M C Posts ra dle 1 3 w 1 ( 1 P e H l ) l ) n tio a ic n u This Plan is based upon the Ordnance Survey Map with the sanction of the This Plan is based upon the Ordnance Survey Map with the sanction of the This Plan is based upon the Ordnance Survey Map with the sanction of mthe m o c Controller of H.M. Stationery Office. Crown Copyright reserved. (ES763454). Controller of H.M. Stationery Office. Crown Copyright reserved. (ES763454). Controller of H.M. Stationery Office. Crown Copyright reserved. (ES763454).le e T ( This Plan is published for the convenience of Purchasers only. Its accuracy is This Plan is published for the convenience of Purchasers only. Its accuracy is This Plan is published for the convenience of Purchasers only. Its accuracyst is a not guaranteed and it is expressly excluded from any contract. NOT TO SCALE. not guaranteed and it is expressly excluded from any contract. NOT TO SCALE. not guaranteed and it is expressly excluded from any contract. NOT MTO SCALE. rt u o C 1 3 n o 1 to 24 g t i 1 re e 3 v 45.4m Knightfrank.co.uk 1 o The Minories 2 S 9 3 1 1 4 1 1 5 3 3 1 1 7 3 1 Ordnance Survey © Crown Copyright 2019. All rights reserved. Licence number 100022432. Plotted Scale - 1:175000 Ordnance Survey © Crown Copyright 2019. All rights reserved. Licence number 100022432. Plotted Scale - 1:7500 DESCRIPTION The property is of solid brick construction to the front elevation (facing onto Jesmond Road), with stone feature surroundings to the main entrance and timber windows with a combination of fixed and opening units. The rear elevation comprises of assumed solid brickwork with a cement render finish, double glazed windows and profile metal cladding to the roof gables above. There is also a further extension to the rear comprising painted brickwork elevations, with a flat roof covering. The roof to the front section of the property is of flat construction with a brickwork parapet wall. The primary footprint of the building comprises a steel framed structure supporting a profile metal roof, with roof lights divided over 5 bays. In total the floor area is approximately 11,420 sq ft (1,061 sq m), with the site extending to approximately 0.303 acres (0.123 hectares). Internally, the property currently encompasses a health & fitness centre, with a gym, private classrooms, hair saloon, beauty salon, physiotherapy and spa. Knightfrank.co.uk 4 PLANNING The property is not subject to any form of planning We advise that those parties interested permission, Outline or Reserved Matters, and sits within in the asset for redevelopment purposes the ward of South Jesmond. make their own enquires with the relevant department within Newcastle City Within Newcastle’s Core Strategy & Urban Core Plan Council. the property is not designated for any particular use, however, it is a Local Centre (CSUCP CS7) which details: The illustrative drawings & plans have “Maintaining a wide range of good quality retail and been provided by Nicholson Nairn related facilities, readily accessible to residents, is the Architects and can be provided on Council’s principal objective for local shopping. Most request. new development will be directed to local centres, and when possible, improvements.” Knightfrank.co.uk 5 Knightfrank.co.uk Indicative Architectural Plans Accommodation Schedules GIA Floor Area (m2) Ground 707 First 730 Second 730 Third 730 Total 2897 APARTMENT ACCOMMODATION SCHEDULE Apartment Area No. of Total Type (m2) apartments Lettable Area (m2) 1B2P 55 6 330 65 6 390 2B4P 80 15 1200 Total 27 1920 RETAIL UNIT SCHEDULE Retail Units Area (m2) Unit 1 132 Unit 2 499 Total 613 APARTMENT ACCOMMODATION SCHEDULE Floor 1B2P 2B4P Total Ground 0 0 0 First 5 4 9 Second 5 4 9 Third 5 4 9 Total 15 12 27 Knightfrank.co.uk 6 METHOD OF SALE FURTHER INFORMATION The Freehold interest in the property is offered for sale as a whole. Further information is available to interested parties on request. Our client is willing to dispose of the asset on the following basis: AML 1. Vacant Possession Development Disposal – Sale of the vacant property for The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the redevelopment purposes, via either a conditional or unconditional offer. Payer) Regulations 2017 (MLR 2017) introduced the requirement for the completion of due diligence on both the Vendor & Purchaser. TITLE PLAN We are required to conduct Client Due Diligence (CDD) in accordance with MLR 2017. Only indicative boundaries are provided within this sales brochure, copies of the Title We will require proof of ID and proof of address for the Purchaser. Documents & Plans (TY99246) are available on request. VIEWING Viewing strictly by appointment, only to be arranged with the selling agents. We are instructed to seek offers in excess of £1,500,000 (One Million, Five Hundred Thousand Pounds) for our Client’s Freehold interest, subject to contract. Knight Frank CONTACT 124 Quayside Jamie Wilson, MRICS James Platts, MRICS St Ann’s Quay Knight Frank LLP Knight Frank LLP Newcastle upon Tyne T: 0191 594 5002 T: 0191 594 5026 NE1 3BD E: [email protected] E: [email protected] Knightfrank.co.uk Connecting people & property, perfectly. Important Notice 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (”information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s)or lessor(s).
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