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Just added
£75,000 pa
(£18.33/sq. ft. pa)
Leisure/hospitality to let
Market Lane, Newcastle Upon Tyne NE14,092 sq. ft
Local area information
Property location
Nearby amenities
- Manors 0.3 miles
- Newcastle 0.3 miles
- Christ Church CofE Primary School 0.4 miles
- Our Lady and St Anne's RC Primary School 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- City Centre Location
- Size: 4,092 sq ft (380.15 sq m)
- Rent: £75,000 pax
- Subject to Contract
Description
The subject property comprises a three storey leisure unit of traditional brick construction which most recently traded as Horticulture and El Guapo. The building benefits from having two access points one of which faces directly onto Pilgrim Street and the other on Market Lane. The property is within the city’s established hospitality zone sitting opposite the upcoming leisure destination stack Newcastle. As the accommodation is arranged over three floors, this offers flexibility for multiple uses or levels of operation. The opportunity is available ideally as a whole unit giving a single operator full control over the property or alternatively it can be let to two separate leisure operators, subject to covenant strength and operational fit out requirements.
The property benefits from a late licence until 2am unlocking strong evening and night time value aligning with the city centre’s night time economy dynamics. The property also benefits from an external terrace area at first floor level and fitted kitchen ready for immediate use.
Location
The property is prominently positioned at 1-3 Market Lane in a prime city centre leisure location. Situated just off Pilgrim Street, the property sits directly opposite the landmark Bank House development and The stack Newcastle, one of the city’s most popular food, drink and entertainment destinations. This vibrant area has become a key part of Newcastle’s leisure and hospitality circuit, surrounded by a mix of bars, restaurants, cafes and cultural venues. The property benefits from strong pedestrian footfall throughout the day and evening, supported by nearby offices, residential developments and visitor attractions.
The location offers excellent connectivity with Grey Street, Dean Street and the Quayside all within a short walking distance, while Monument Metro Station and major bus routes provide easy access across the city and wider region. The Tyne Bridge and Central Motorway (A167M) are also close by.
Terms
The property is available by way of an Effective Full Repairing & Insuring lease for a term of years to be agreed at an asking rent of £75,000 per annum exclusive of VAT, subject to contract.
Use/Planning
We understand that the property has consent for Sui Generis Use Class under the Town & Country Planning Use Classes Order as amended 1 September 2020.
Alternative uses may be considered subject to obtaining the necessary planning consent from the Local Planning Authority, Newcastle City Council.
The subject property comprises a three storey leisure unit of traditional brick construction which most recently traded as Horticulture and El Guapo. The building benefits from having two access points one of which faces directly onto Pilgrim Street and the other on Market Lane. The property is within the city’s established hospitality zone sitting opposite the upcoming leisure destination stack Newcastle. As the accommodation is arranged over three floors, this offers flexibility for multiple uses or levels of operation. The opportunity is available ideally as a whole unit giving a single operator full control over the property or alternatively it can be let to two separate leisure operators, subject to covenant strength and operational fit out requirements.
The property benefits from a late licence until 2am unlocking strong evening and night time value aligning with the city centre’s night time economy dynamics. The property also benefits from an external terrace area at first floor level and fitted kitchen ready for immediate use.
Location
The property is prominently positioned at 1-3 Market Lane in a prime city centre leisure location. Situated just off Pilgrim Street, the property sits directly opposite the landmark Bank House development and The stack Newcastle, one of the city’s most popular food, drink and entertainment destinations. This vibrant area has become a key part of Newcastle’s leisure and hospitality circuit, surrounded by a mix of bars, restaurants, cafes and cultural venues. The property benefits from strong pedestrian footfall throughout the day and evening, supported by nearby offices, residential developments and visitor attractions.
The location offers excellent connectivity with Grey Street, Dean Street and the Quayside all within a short walking distance, while Monument Metro Station and major bus routes provide easy access across the city and wider region. The Tyne Bridge and Central Motorway (A167M) are also close by.
Terms
The property is available by way of an Effective Full Repairing & Insuring lease for a term of years to be agreed at an asking rent of £75,000 per annum exclusive of VAT, subject to contract.
Use/Planning
We understand that the property has consent for Sui Generis Use Class under the Town & Country Planning Use Classes Order as amended 1 September 2020.
Alternative uses may be considered subject to obtaining the necessary planning consent from the Local Planning Authority, Newcastle City Council.
More information
Listed by
Sanderson Weatherall
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