Land at St John Street, Newcastle upon Tyne
Price On Application
The site is located on St John Street within Newcastle City Centre. Newcastle is situated on the River Tyne approximately 18 miles north of Durham. The city is highly accessible benefitting from excellent road and rail links including the A1 and A19 arterial routes. The site is located within convenient walking distance of Newcastle Central Station which provides access to the Tyne and Wear metro service along with regular links to London and other major city destinations via the East Coast Mainline.
Newcastle is a top 10 University City and major tourist attraction. The city is nationally renowned for its nightlife, as well as having an excellent leisure and retail offer. Newcastle has seen significant private and public sector investment over recent years including projects such as the Stephenson Quarter and the current development of the Science Central site. The city has also seen significant student development over the past three years which has had a positive impact on the local economy.
Newcastle benefits from being within relatively close proximity to Tynemouth and the coastline, along with offering easy access to Northumberland and Cumbria and the Lake District to the west via the A69.
The site extends to 0.148 acres and is currently undeveloped. It is bounded by St John Street to the south, an access road to the east and existing buildings to the north and Yates’ Bar to the west. Access is via St John Street linking to Granger Street to the west which in turn connects to Westgate Road and the wider local road network.
We are advised that services are available; however, interested parties are advised to make their own enquiries of the utilities companies.
The Core Strategy and Urban Core Plan is the strategic planning framework against which applications for development and future land use are assessed. The Newcastle and Gateshead Community Infrastructure Levy (CIL) was adopted in November 2016. Redevelopment for A1, C3, C4 and Sui Generis uses may therefore be subject to CIL charges.
It is our view that the site is suitable for a range of uses, subject to statutory planning permission. Interested parties are advised to make their own enquiries of the Local Planning Authority.
An information pack is available on request which includes the following:
• Title Information;
• Previous planning application information; and
• Site Plans.
In the event of a sale, the site is to be sold freehold with vacant possession.
METHOD OF DISPOSAL
We are instructed to invite offers for our client’s freehold interest. Offers should detail the proposed use and should be accompanied by proof of funds as well as timescales for exchange and completion.
Please note that our client is not obliged to accept the highest or any offer.
Our client may also consider disposing of the site on a long leasehold basis.
LEGAL AND SURVEYING COSTS
Each party is to be responsible for their costs incurred.
All offers will be deemed to be exclusive of VAT.
The site can be clearly viewed from St John Street. Interested parties are not permitted to enter the site without prior approval from us or our joint agents GVA.
Nicholas Bramwell BSc (Hons)
0191 232 8080
David Craig BSc (Hons) MRICS
0191 269 0510