T: 0191 487 8566

Menu

Offices / Development Opportunity

Summerhill Square £950,000 Freehold REF: NE1649

Introduction

This substantial three storey, four floor mid terrace property was originally the Diocesan Home for Girls which was converted into a Synagogue in 1924.  The Synagogue closed in 1969 and the building was then converted into offices and a design studio in 1981.

Location

The property forms part of a terrace within the Summerhill Conservation Area which is based around a late Georgian residential suburb and climbs the hill westwards out of Newcastle City centre.  The Square is an unique environment within easy walking distance of the City centre and there are also good public transport links nearby. 

The terraced properties within the Square overlook a central green space which comprises a public park, a bowling green and private gardens for the houses.

Newcastle grew from Roman (or possible earlier) origins, at an important defensive and bridging point in the Tyne Valley, to become the regional capital.  The wealthy coal, manufacturing and ship-building industries brought huge population growth and physical expansion during the late 18th and 19th centuries.

Location contd.

Newcastle upon Tyne is located approximately 285 miles north of London and approximately 100 miles south of Edinburgh and is the commercial and administrative capital of the North East. 

Newcastle is the seventh largest City in the UK with a population of circa 280,000 and 1.4 million people live within 12 miles of the City centre.

Newcastle benefits from excellent road, rail and air connections with Newcastle Central Station serving the East Coast mainline and providing a fastest journey time of 2hrs 50mins to London Kings Cross and 1hr 30mins to Edinburgh Waverley. 

The Central Station provides the main interchange for the Tyne & Wear Metro rapid transit railway network which supports 60 stations connecting Newcastle with Gateshead, Sunderland and throughout Tyneside.

Newcastle International Airport is situated approximately 7 miles west of City centre proving regular flights to key domestic and international destinations including Dubai.

Description

The property comprises a three storey, four floor mid terrace building overlooking Summerhill Park to the west of the City centre.  The property is in excellent order throughout with benefits that include LED lighting, a raised timber floor and a Fibre Optic data line in.  Whilst currently providing a modern office facility, the property could be considered for other alternative uses including a residential conversion. Accommodation comprises;

Lower Ground Floor

Half Landing      Toilets

Offices             2,000 sq.ft. (186 sq.m.).

Ground Floor

Offices             2,050 sq.ft. (190 sq.m.)

Disabled W.C.

First Floor

Half Landing      Toilets

Offices             1,950 sq.ft. (182 sq.m.)

Second Floor

Offices             900 sq.ft. (83 sq.m.)

Toilets / Shower

Outhouse (with internal access)

Boiler Room / Store

W.C.

External

There is car parking to the front and opposite of the main building with space for up to 14 cars.

Services

There is mains water, sewerage and electricity into the property.  Heating is by way of a gas boiler which also serves the hot water supply.

Rateable Value

RV £28,250

EPC

The property has an E rating

Occupational Lease

There is a lease in place expiring in August 2022.  Current rental income is £78,000 per annum.

Asking Price

Offers in the region of £950,000 are sought for the freehold interest.

Viewings

Strictly be appointment with this office.

Money Laundering

In accordance with current Anti-Money Laundering Regulations, the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, always happy to help.

Commercial Property For Sale

Find an Offices property

Use this field to find results from a specific location or a particular property type
+ Show advanced search options