Substantial retail and office property offering flexible commercial potential in a prominent Newcastle location. Formerly occupied as a supermarket, the premises provide a spacious ground-floor retail sales area, first-floor offices and ancillary accommodation, plus useful basement storage with ramp loading access. A goods lift connects the basement and ground floor, supporting practical servicing and stock movement. The property benefits from Use Class E, providing scope for a variety of commercial uses, while alternatives such as a bar, events venue or gym may be possible subject to planning. The first-floor offices have independent access, offering potential for separate letting or continued ancillary use. Dedicated parking is included, with additional public parking nearby.
- Freehold Price:
- £600,000
- Leasehold Price:
- £50,000 per annum
- Turnover:
- Undisclosed
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Available as freehold and leasehold
- Lease Terms:
-
Available to let at £50,000 per annum.
- Location:
-
Located in Newcastle upon Tyne, the property occupies a prominent position with convenient access to public transport. The premises provide retail, office and storage accommodation over multiple levels, together with dedicated parking and additional public parking nearby.
- Premises Details:
-
Former supermarket premises comprising ground-floor retail sales space, first-floor ancillary accommodation including offices, and basement storage with rear ramp loading access. A goods lift connects the basement and ground floor. The offices benefit from separate access. Dedicated parking is provided.
- Size in square feet:
- 10,460 sqft
- Planning Consent:
-
Suitable for a variety of uses under Use Class E. Alternative uses such as a bar, events space or gym are subject to planning.
Business Operation
- Expansion Potential:
-
The flexible accommodation could support a variety of uses under Use Class E. Alternative uses such as a bar, events space or gym may also be possible, subject to planning. The separately accessed offices could potentially be let independently.
Other Information
- Leasehold asking price:
- £50,000 per annum
