New Bridge Street, Newcastle Upon Tyne

PORTLAND HOUSE IS AN AWARD WINNING NEWLY REFURBISHED GRADE A OFFICE.

The inspiring workspaces, set over five floors, are designed with quality, productivity, sustainability and wellbeing at their core. The building contains an innovative communal hub in a Grade II listed building, extensive end-of-journey facilities and a wrap around terrace looking over the city centre. The building is centrally located opposite the Laing Art Gallery and a two minute walk to Northumberland Street. Monument and Manors Metro Stations are within a five minute walk.

PORTLAND HOUSE IS AN AWARD WINNING NEWLY REFURBISHED GRADE A OFFICE.

The inspiring workspaces, set over five floors, are designed with quality, productivity, sustainability and wellbeing at their core. The building contains an innovative communal hub in a Grade II listed building, extensive end-of-journey facilities and a wrap around terrace looking over the city centre.
The building is centrally located opposite the Laing Art Gallery and a two minute walk to
Northumberland Street. Monument and Manors Metro Stations are within a five minute walk.

Location - The property is located in Newcastle upon Tyne city centre. Newcastle benefits from superb transport infrastructure by road with excellent access via the A1 north to Edinburgh and south to Leeds. Newcastle International Airport is located to the north west of the city with daily flights to Stanstead, Heathrow and Gatwick and over 85 other worldwide destinations. Newcastle Central Station is located on the East Coast Mainline.

Decription - A modern specification office suite set within the first floor of Portland House.

The building has been entirely renovated and contains innovative communal space in a partly Grade II listed structure with extensive end of journey facilities and a wraparound terrace looking over the city centre. The inspiring workspaces, are set over five floors. They are designed with quality, productivity, sustainability and wellbeing at their core.

The central Grade II listed building has been converted to provide townhall and meeting space. This gives occupiers the ability to work outside their demise and host meetings at no extra cost.

The layout of the available first floor office suite allows for a flexible floorplan layout. Some key features to note are, Air Conditioning, LED Lighting, Natural Lighting, Superfast Internet and Raised Access Flooring.

Accomodation - Open Plan Office Suite: 181sqm (1948sqft)

Terms - The office is available to rent by way of a sub letting arrangement. It is part of a larger suite occupied by our client. The head lease is for a term of 12 years from 31 August 2023 with break clauses at year 4 & 8.

We understand the landlord will consider a sub letting subject to satisfactory references and confirmation of use. They may also consider the creation of a new tenancy.

It should also be noted that our client may consider an assignment of the whole demise or an alternative apportionment. This larger space includes the advertised floor area together with the area retained by the client. Again, this will be subject to landlord approval. The overall space has a total floor area of 752sqm (8095 sqft).

Rent - £44,804 Per Annum plus VAT.

Energy Performance Certificate - EPC Rating B

Service Charges - We are advised that the current service charge is equal to £7 per square foot.

Rating Liability - According to the Valuation Office Agency the rateable value if the entire unit is £162,000 and the amount payable is £89,910 for 2025. Our client will apportion the rates payable at £11.11 per sqft for 2025 and re calculate on renewal of the rates charge to be applied to the sub let space available.

Client Monies Protection Scheme - R A Jackson & Son LLP is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information

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

Property Redress Scheme - R A Jackson & Son LLP are part of The Property Ombudsman. Membership number T01923.