Pilgrim Street, Newcastle Upon Tyne, NE1

Location and Description:
Bank House is a brand new BREEAM excellent office building centrally located on the eastern side at the southern end of Pilgrim Street, close to the principal access and egress to the Tyne Bridge.

This new development which extends to 120,000 sq ft of grade A offices forms part of a wider ongoing regeneration project which will comprise mixed uses including office, retail and leisure.

Practical Completion is now imminent (April 2023) and tenants will include DAC Beechcroft and Lycetts Insurance Brokers with solicitors instructed and terms being negotiated on an ongoing basis with other interested parties.

There are a number of bars and café's in the vicinity and the adjoining Worswick Chambers is currently undergoing redevelopment to provide 40,000 sq ft accommodation for The Stack, a mixed use leisure venue which will open in Autumn 2024.

The Opportunity:
The premises comprise a highly visible corner unit at the south west corner of Bank House with full height glazing to the south overlooking the Tyne Bridge and to the West overlooking Pilgrim Street.

Due to level changes, there is significant height within the unit and therefore scope to incorporate a mezzanine on terms to be agreed.

The unit physically adjoins the main reception area and whilst it has been built as a self-contained space for a café, there is scope to open up part of the sub-dividing wall to provide visibility and access for visitors and office users alike subject to the requirements of the end user.

Additionally there is an external landscaped Terrace with existing hard seating and with scope for further seating as required.

The Accommodation:
The GIA of the cafe as built is as follows:-

Ground Floor 1,195 sq ft (111 sq m)
External Terrace Area - to be agreed.

Additional mezzanine level facilities can be added subject to negotiating with the prospective end user.

There is scope to open up part of the sub-dividing wall to provide visibility and access for visitors and office users alike subject to the requirements of end user.

Terms:
The premises are available on the basis of a new lease for a term to be agreed at a rent of £25,000pa. Reconfiguration discussions are welcomed and the rent will be adjusted to reflect changes agreed.

Business Rates:
The premises have not yet been assessed for Business Rates purposes.

Service Charge:
The service charge for the retail unit will equate to circa £2.49 sq ft.