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£1,667 pcm
BUSINESS FOR SALE - LEASE ASSIGNMENT
38-40 Pilgrim Street (NE1 6SE) is centrally located in Newcastle upon Tyne, within walking distance of key city landmarks like the Tyneside Cinema and Grey Street. It sits in a vibrant area close to large amounts of shops, restaurants, and historic architecture.
The location is exceptionally well connected: Monument Metro Station is just a 2-minute walk away, with several nearby bus stops offering routes across the city and region. It’s also within 10 minutes’ walk of Newcastle Central Station, providing access to national rail services.
The property comprises a total of 2,409 sq ft, arranged over six floors. The basement, ground, and first floors form the retail component, while the second, third, and fourth floors are currently utilised for office and storage purposes.
Finished to an exceptionally high standard, the property has been well maintained throughout. It also benefits from a prominent glass frontage, providing excellent natural light and strong street presence.
Rateable Value (2023 List) – £15,750
We advise all interested parties to confirm their position with the Local Authority.
Term: 10 Years
Lease Commencement: 1st January 2019
Rent: £20,000 per annum
Premium: Offers invited
For all enquiries and viewing arrangements please contact Bradley Hall Limited.
William Reavley
william.reavley@bradleyhall.co.uk
07955 280978
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