An investor or hospitality operator has the rare chance to develop a new bar destination in bustling High Bridge, within the heart of Newcastle’s leisure district. The well located 14 High Bridge has become available to lease with full planning permission to create a three storey bar within a medieval street that is enjoying substantial redevelopment.
Several months ago the £12m Motel One 222-bed hotel, which is located immediately opposite 14 High Bridge, opened its doors driving up footfall and spending power within this popular area in Grainger Town, between Grey Street and the Bigg Market.
The street, which connects the Georgian heart of the city to the historic Bigg Market – set to also undergo a major transformation – recently saw further investment when Ladhar Leisure expanded the stylish Pleased to Meet You gin bar with a restaurant and new basement area. Elsewhere there are cafés, restaurants and traditional pubs like the Old George.
The four storey terraced building is a unique investment opportunity due to accompanying planning permission with official A4 Drinking Establishment approval.
The property, which was previously occupied by Capology, is available to lease through leading North East property agent and chartered surveyors Bradley Hall, Grey Street.
Tim Aisbitt, associate director at Bradley Hall, said: “Opportunities like this don’t come along very often and planning permission like this, especially for a bar, is currently very rare within the city centre. This is a fantastic opportunity for an operator to develop an attractive business in one of the most up and coming areas of Newcastle.
“The footfall on High Bridge is significant as it is surrounded by already established businesses and is set to further become a popular leisure destination. The business will most certainly benefit from current and future neighbouring hotels and restaurants.” Number 14 High Bridge is a well maintained, extensive property which has the ability to be transformed into one of the leading night spots within Newcastle’s city centre. Proposed planning permission includes plans for three bars across the ground, first and second floor of the building and spacious seating areas which span across 2,556 sq ft. The building will also offer 846 sq ft of further storage and office space across the ground, first, third and fourth floor, as well as a proposed roof terrace and smoking area.
For further information, please call Grey Street on 0191 282 8080.