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Investment Team Complete Prime Newcastle Retail Acquisition
The Investment Team have acquired the freehold of 55-57 Northumberland Street in Newcastle upon Tyne on behalf of clients.
The property occupies a 100% prime retailing pitch on Northumberland Street, between entrances to Eldon Square and Monument Mall. The holding comprises circa 7,000 sq ft, is arranged over ground, basement and two upper floors and is secured to Sportswift Limited until June 2025.
The city ranks third of all UK centres, in terms of 'Primary Catchment Population' and 'Per Capita In Store Comparison Retail Expenditure'.
The property was purchased for £4.885m.
For further information please contact Ed Smith.
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Matt Beardall PartnerAgency
Adam Bindman PartnerAgency
Chris Bourchier SurveyorLease Advisory
Anita Briant SecretaryAdmin
Darren Coleman PartnerLease Advisory
Paul Cooper PartnerAgency
David Freeman PartnerInvestment
Olly Gardner Senior SurveyorAgency
Beth Jaggs SecretaryAdmin
Harry Jeffery SurveyorAgency
Simona Malinova SurveyorInvestment
Patrick Over Associate PartnerInvestment
Stephen Parker PartnerLease Advisory
Simon Quick PartnerLease Advisory
Caroline Rose AccountantAdmin
Elaine Scanlon SecretaryAdmin
Harry Silcock SurveyorLease Advisory
Ed Smith PartnerInvestment
Mike Willoughby PartnerAgency
