Price on application
The subject property is located on Westgate Road in newcastle upon Tyne city centre. The property is prominently located at the junction which joins with neville street and collingwood street and is only 0.1 mile from central Train and metro stations.
The property is situated within a popular business, retail and leisure location with surrounding occupiers including hampton by hilton, county hotel, Revolution, Jalou and head of steam, as well as being adjacent to Vita student accommodation.
The subject property comprises a detached, 19th century building which is arranged over ﬁve ﬂoors. The basement, part ground, part ﬁrst and part second ﬂoors are currently operating as a public house. There is the opportunity to develop the upper ﬂoors which may be suitable for a variety of uses, including hotel use, subject to obtaining necessary planning permission.
ACCOMMODATION AND TENANCY INFORMATION
|Tenant||Occupied area||Rent||Lease terms||Size
|Cyclone (Newcastle) Limited||Basement, Group, First and Part Second Floors||£200,000 pax||15 years, commencing on 2 January 2019 and expiring on 1 January 2034.
Rent review on 2 January 2024 and 2 January 2029 on an upwards only, open market basis.
Tenant’s break option exercisable on 2 January 2029
|Vacant space on upper floors||
The accommodation is available by way of freehold with the price available on application.
all rents, premiums and purchase prices quoted herein are exclusive of VaT. all oﬀers are to be made to Bradley hall upon this basis, and where silent, oﬀers will be deemed net of VAT.
MONEY LAUNDERING REGULATIONS
in accordance with the anti-money laundering Regulations the purchaser/Tenant will be required to provide two forms of identiﬁcation and proof of the source of income.
For general enquiries and viewing arrangements please contact Nicholas Bramwell at Bradley Hall.
Tel: 0191 232 8080