The property provides retail units at ground floor level and Grade A offices over four floors above, accessed from a prestigious self-contained entrance lobby.
- Ref: 2042494
- Tenure: Freehold
- Types: Investment
- Size: 41,344 sq ft (3,841 sq m)
- Freehold: £14,000,000 (€15,867,619) for the freehold
- EPC: C
The Haymarket Hub , Haymarket, Newcastle Upon Tyne, Tyne And Wear, NE1
Newcastle upon Tyne is located in the North East of England, approximately 275 miles north of London, 100 miles north of Leeds and 120 miles south of Edinburgh. The city is the dominant commercial administrative, cultural and tourist centre of the North East region.
The Hub is an iconic building situated over the redeveloped Haymarket Metro Station at the heart of Newcastle City Centre's retail quarter, at the top of Northumberland Street and in close proximity to the main entrance of the Intu Eldon Square Shopping Centre.
Northumberland Street is the historic prime retail pitch within Newcastle upon Tyne, with the current rental tone of circa £230 per sq ft ITZA rebased significantly from the peak of £330 per sq ft ITZA. Nearby retailers include Pret a Manger, Marks & Spencer, Argos, Sainsbury's, Costa, Outfit, JD Sports and Superdrug.
The Haymarket Metro Station is situated equidistant from Newcastle upon Tyne's two universities, which together educate a total student body of 50,000. As the Haymarket lies on both lines of the Metro and serves the popular residential and student areas of Jesmond, Gosforth and Heaton, total annual passenger usage of the station is c. 6 million persons (Nexus), all of whom pass the ground floor retail elements of the subject property.
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