Offices in the heart of Newcastle are set to undergo significant investment and refurbishment following a multi million pound purchase.
The Grade II listed office space in 18-24 Grey Street will undergo the refurbishment to prepare the space for its next occupying tenants.
Landlord Adam Thompson of local investment firm Stessa Commercial, which recently purchased the building in a multi-million pound deal for the company, invested in the refurbishment of the office to create an updated space.
The offices, which will be marketed by leading North East chartered surveyor and estate agents Bradley Hall, are close to Central Railway Station, Monument Metro Station and Eldon Square shopping centre; all of which are within walking distance.
Neil Hart, managing director at Bradley Hall, said: “Thanks to this investment the landlord is set to create an attractive office space for prospective tenants. Its location is fantastic with excellent transport links and a well presented interior and exterior.
“The landlord is also set to reduce rents, making it excellent value. We don’t expect the property to be vacant for very long.”
Surrounding occupiers include a number of national businesses including Royal Bank of Scotland, NRG Recruitment and Sanderson Weatherall, alongside a range of popular retail and leisure facilities playing host to many well known restaurants such as Harry’s Bar, Las Iguana’s and Browns as well as Grey Street Hotel and The Theatre Royal.
Adam Thompson, Director of Stessa Commercial Limited, said; “We are delighted to bring the offices on the iconic Grey Street to the market.
“The office suites we have available offer predominantly open plan suites over part raised flooring and allow for a variety of configurations including open plan, modular and cellular formation. We have already had interest from a variety of different businesses and expect to fill the suites soon.”
The building has seven floors and each vacant floor is available separately. The suites also boast modern fixtures and fittings, an impressive ground floor atrium, a grand direct street entrance offering access to reception, seating areas and two 10 passenger lifts which serve all floors.
For more information please call the Bradley Hall Hood Street office on 0191 232 8080.