DESCRIPTION
A prime, trophy Grade II* listed landmark on Grey Street in Newcastle, acquired on behalf of an overseas investor. The building forms part of a prominent island site with a 91 ft frontage and extends to over 31,000 sq ft. The property features an impressive double-height banking hall with a full-height atrium and occupies a highly sought-after retail and leisure location close to the Theatre Royal, Eldon Square and Monument Mall. The freehold asset is securely let to Lloyds Bank Plc for a further 6.7 years, generating £420,000 per annum, with a forthcoming rent review. It also offers potential to repurpose the upper floors, subject to planning consent.
