Pilgrims Quarter is located in the heart of Newcastle City Centre on Pilgrim Street at its junction with Northumberland Street and Blackett Street.
The Location
The development will comprise of 600,000 sq ft of offices let to the Department of Work and Pensions. Planned works of re-surfacing and street furniture will enhance the location and provide an attractive public realm on Completion in 2025. The development will include six new retail units located at ground floor which will be of interest to Financial Services, Retail and ‘lite’ Food and Beverage type uses.
The Opportunity
Being within the prime retail core diagonally opposite the iconic Monument Mall and within the newest and largest development in the City Centre, the opportunity to secure representation is an exciting one.
Accommodation
The units are available by way of a new effective full Repairing and Insuring lease for a term to be agreed incorporating 5 yearly rent reviews.
| RETAIL UNITS (GIA) | SQ M | SQ FT | RENT |
| Unit 1 | 202 | 2,174 | UNDER OFFER |
| Unit 2 | 114 | 1,227 | £65,000 pax |
| Unit 3 | 192 | 2,067 | £110,000 pax |
| Unit 4 | 125 | 1,345 | £70,0000 pax |
| Unit 5 | 240 | 2,583 | £95,000 pax |
| Unit 6 | 92 | 990 | £32,500 pax |
| TOTAL RETAIL AREA | 966 | 10,398 |
Service Charge
Annual Service Charge TBC but estimated at £3.00 sq ft.
Business Rates
The units have not yet been assessed for Rates purposes.
CONTACT JOINT AGENTS TO DISCUSS THE OPPORTUNITIES IN FURTHER DETAIL:
IAN ANGUS
T: 07960 466211
E: iana@atretail.co.uk
or
STEVE HENDERSON
T: 07870 999618
E: shenderson@savills.com
| Town/City: | Newcastle upon Tyne |
| Property type | Retail |
| Planning use | E Class |
Rent: £45,000
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Attractive historic Northumberland market town
Close to popular tourist attractions Alnwick Castle and Garden
Most prominent unit in the town centre with significant frontage
Suitable for a variety of uses, subject to consent
Ground floor NIA 131.90 sqm (1,420 sqft)
Nearby occupies include Newcastle Building Society, Card Factory, Yorkshire Trading Co, Trespass, Greggs alongside a number of established local retailers.
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