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The property is situated on Benton Terrace which forms part of Sandyford Road (B1307), a major arterial route from the City Centre eastwards to the A1058 Coast Road. The immediately surrounding area is in mixed use with offices, residential and student accommodation predominating.
Benton Terrace benefits from excellent transport links with the A167(M) Central Motorway being immediately to the west and Jesmond Metro within a five minute walk.
The property comprises a three storey mid terraced Victorian office building. The refurbished accommodation is arranged over ground, first and second floors and is available as a whole or on a floor by floor basis.
The office space is finished as follows:
• Laminate floors • Fluorescent strip lighting • Perimeter electrical and IT points • Kitchen, staff and WC facilities • Papered and plastered walls & ceilings.
Car parking is available at the front of the building and there is a single lock up garage at the rear.
LOCATION Broadacre House sits in a highly prominent location at the junction of Market Street and John Dobson Street.
The surrounding area is undergoing significant regeneration with the adjoining property under development for a new residential block and Plummer House having been developed into contemporary student housing. The planned regeneration of Pilgrim Street will further enhance the area with new retail, leisure, office and hotel provision.
The surrounding area is a successful commercial area especially with technology companies and is only a short walk from Grey Street, Northumberland Street, the Quayside and Monument Metro Station.
DESCRIPTION Broadacre House provides office modern, flexible, open plan accommodation over ground and four upper levels. The ground and first floors are to be occupied by Citibase, providing serviced office accommodation in the building.
The ground floor provides a reception area for the building and security is provided by means of a door access security system.
Two passenger lifts provide access to the upper levels as well as ease of access to the basement car park.
Broadacre House, Market Street, Newcastle upon Tyne, NE1 6HQ
The portfolio comprises 18 self-contained flats within brick built terrace properties. Within the portfolio 17 units are currently vacant. These units require refurbishment and modernization. This presents the unique opportunity to actively manage the properties and increase the occupancy rate across the portfolio.
- Residential development/investment opportunity. - Comprises 19 units and 1 freehold reversionary interest. - Two occupied properties within the portfolio producing a rental income of £7,680 per annum. - Excellent opportunity for asset management and renal growth. - Estimate that the portfolio has the potential to generate a rental income of £86,736 per annum - Subject to undertaking works to bring the properties into a reasonable condition.
Development/Investment Opportunity of 19 Residential Units
Type: Residential, Land, Commercial Land
105 Colston Street, Newcastle Upon Tyne, NE4 8UNGBNewcastle upon TyneNorthumberlandNE4 8UN105, Colston Street
LOCATION Jesmond Three Sixty is a high profile new development adjacent to Jesmond Metro Station. The scheme is on Jesmond Road (A1058) which leads directly to the A167(M) central motorway.
The property is therefore within easy walking distance of Newcastle City Centre, both Universities and the retail and leisure facilities in Jesmond. The scheme currently incorporates the established As You Like It restaurant and the Holy Hobo.
DESCRIPTION Jesmond Three Sixty is undergoing a comprehensive redevelopment, conversion and refurbishment to provide a significant mixed use scheme providing the following:-
• 300 residential apartments. • High specification office space covering 37,476 sq ft across four floors. • A 4/5 star hotel. • Ground floor retail space. • 8 bar and restaurant units. • Health and Fitness/D2 leisure place. • A proposed 355 space multi story car park.
Jesmond Three Sixty, Jesmond, Newcastle upon Tyne, NE2 1DB