No longer on the market
This property is no longer on the market
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Property
Features and description
- Commercial Investment Opportunity
- Property Extends to 7000 sq.ft.
- Popular Quayside Location
The property occupies a prominent position on The Close on Newcastle’s popular quayside area a short distance from a wide restaurant and bar offering. The quayside area remains an extremely popular part of Newcastle with the relatively recent By The River Brew Co. located on the Gateshead quayside enhancing the appeal further.
Newcastle continues to be a popular leisure destination and also an attractive and appealing place to live and work. The city has witnessed significant development including the Stephenson Quarter and Helix with significant regeneration planned for Pilgrim Street and other areas of the city. It benefits from being within close proximity to the A1 whilst being on the East Coast mainline which offers regular connections to London, Edinburgh and all other major UK cities. Newcastle International Airport also provides regular and easy domestic and international links.
The property extends to approximately 7,000 sq. ft. GIA and comprises a three storey brick built former bar and restaurant building under a series of pitched and flat roofs. The site extends to 0.126 acres and is relatively flat.
It is bounded by the public highway to the south, adjacent apartments to the east and footpaths to the north and west, where there are also 3 no. parking bays.
The surrounding area comprises a mixture of apartments to the east, west and north, with the new Innside by Melia hotel and Gino D’Acampo restaurant and the Copthorne Hotel directly opposite. The quayside walkway is located in close proximity to the south which facilitates access to a range of waterfront bars and restaurants a short walk along Newcastle’s picturesque Quayside to the east.
Under the Core Strategy and Urban Core Plan the site is allocated as being within a sustainable mixed use area and is identified by Newcastle City Council as being viable for mixed use.
It is therefore our view that a wide range of development types for the site should be acceptable including leisure, hotel, residential, retail, business and other unique uses, subject to statutory planning permission. The site provides developers with a unique opportunity to deliver a high quality and attractive scheme within Newcastle’s popular Quayside area.
We are advised that services are available; however, interested parties should make their own enquiries of the utilities companies.
Property information from this agent
About this agent
With years of experience in the North East property market we are widely regarded as the leading estate agent within the North East. If you are looking to buy, sell or let property anywhere in the North East, Sanderson Young is the place to find professional property management. 'In 1999, I was delighted to open the first office of Sanderson Young, in Gosforth. We now have four branches offering a diverse range of services throughout the North East of England. I am very proud of the reputation that we have formed as Sanderson Young, where the company is recognized for its maturity and wealth of knowledge, with many of my colleagues having worked in estate agency since 1985. Our focus and mission is to provide exceptional service when dealing with the sale and letting of your property. I am confident that we show a great deal of care and attention, to provide the requirements you need when moving home, and to support our excellent knowledge and discrete service with professional marketing material, which will be tiered to your profile & personal requirements. Sanderson Young principally focuses on the sale and letting of properties throughout Northumberland, Tyne and Wear and Co Durham. We are supported by professional surveyors and mortgage experts with a wealth of knowledge, to guide you through the maize, and to give you the very best levels of service and the most competitive packages that are available at that time. We believe in strong marketing techniques and we are very privileged to be working with so many beautiful homes, where professional photography, beautiful brochures, and high profile websites, enable us to reach out to the maximum number of prospective buyers and tenants. We are experts in the sale and letting of high value properties and beautiful homes, but we also have the experience to be able to support and market brand new developments with house prices to suit all pockets, and proven marketing techniques, which enable us to sell from £80,000 to £5 million. We are a caring family run business, exceeding the expectations of our clients in everything we do. I very much look forward to being able to help you with your home move, and please do not hesitate to contact me personally if I can assist you in any way. With my kindest regards and best wishes.' -Duncan Young, Dip.Est.Man. FNAEA, Managing Director