Clayton Street, Newcastle Upon Tyne
Size
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Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
- Other use(s)
- Mixed use
No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Well connected
- Restaurant
Key features
- Newcastle city centre Freehold opportunity
- Located in the heart of Newcastle city centre
- Close to universities and prime city centre shops and amenities
- Comprising one ground floor retail unit and three 4-bed apartments
- Fully let with total passing rent of £76,490 per annum with pre-agreed increase to £81,572 pa next year
- Ground floor let to hot food takeaway restaurant t/a Dream Burger until 2048 (no breaks)
- Residential tenants are paying an average of only £86.53 pppw (25/26) and £94.67 pppw (26/27), providing excellent scope for future rental growth
Description
LOCATION
As the commercial hub of North East England, Newcastle upon Tyne enjoys a highly strategic position, located approximately 260 miles north of London, 100 miles south of Edinburgh, and 100 miles north of Leeds.
The property is only a short walk from Newcastle Central Railway Station, a key junction on the East Coast Main Line that provides regular, direct services connecting Edinburgh and London.
Furthermore, Newcastle International Airport is conveniently situated just 7 miles northwest of the city centre, offering daily flights to a wide selection of major domestic and European destinations.
Newcastle boasts the Metro System, which is England’s only underground rail network outside of London. This comprehensive system features 60 stations across the North East, efficiently linking the city centre to areas like Sunderland, South Shields, and Newcastle Airport itself.
Academically, Newcastle is vibrant, supported by two major universities. Newcastle University, a prestigious Russell Group member, attracts around 18,000 students from over 100 countries. Northumbria University, with its centrally located campus, welcomes approximately 33,000 students from more than 125 nations. Both institutions have recently invested in campus expansion, significantly enriching the city’s academic profile.
SITUATION
The property enjoys a highly central location on Clayton Street, sitting prominently at the junction with Fenkle Street. This position places it directly opposite the modern Hotel Indigo and immediately adjacent to the vibrant Chinatown district, ensuring exposure to a diverse mix of commercial, leisure, and professional foot traffic.
It sits a short distance from NX Newcastle (formerly the O2 Academy),
a significant entertainment destination. Monument and St James Metro Stations are the nearest major rail links, providing efficient transport across the region, while swift pedestrian access is also available to Newcastle Central Station. The property is only a short walk from key shopping destinations, including the main entrances to Eldon Square and The Gate.
Richer Sounds and Ladbrokes are located on adjacent corners, alongside national institutions, popular eateries, and service providers. The location benefits from a strong daily volume of pedestrian traffic, making it a prime spot for retail and business activity. With music venues, bars and nearby restaurants, the location is also a popular amongst students.
MAJOR REGENERATION UNDERWAY IN NEWCASTLE CITY CENTRE
A substantial program of major developments is currently reshaping Newcastle city centre. This significant investment is projected to drive a considerable increase in the daily working population, which is inevitably set to boost demand for city centre retail and leisure operators, and simultaneously heighten the need for residential accommodation.
Bank House
A prominent 14-storey tower, Bank House offers extensive high-quality office space and impressive city views. Completed as one of the earlier phases of the Pilgrim Street regeneration, it was reported to be substantially let by early 2025.
HMRC Regional Hub (Pilgrim Quarter)
The anchor of the Pilgrim Quarter is a vast, modern office complex designated as the new regional centre for HM Revenue and Customs (HMRC). This facility is expected to house approximately 9,000 staff, making it the largest of HMRC’s regional hubs. The building structure is advancing well, with handover for internal fit-out due towards the end of 2025. Staff are anticipated to begin moving in from 2027 under a long-term lease agreement.
Pilgrim Street Fire Station
The historic Grade II listed former fire station is being sensitively redeveloped into a boutique hotel offering up to 60 bedrooms, complete with ground-floor food and beverage facilities.
Pilgrim Place
This component of the development introduces two high- specification office buildings. Pilgrim Place 1, which offers substantial office capacity, has been secured by the Department for Work and Pensions (DWP) for a new Service and Support Centre, slated to open in 2027. The adjacent Pilgrim Place 2 provides further high-quality office opportunities for commercial tenants and will be complemented by a new public square.
DESCRIPTION
This Grade II Listed property comprises a prominent corner end terrace building arranged over basement, ground and three upper floors. The building dates from the Georgian period and is of brick construction behind an attractive stone façade.
The ground floor and basement space is arranged to provide a hot food takeaway restaurant trading as Dream Burger, whilst the upper floors are arranged to provide three 4-bedroom apartments.
As the commercial hub of North East England, Newcastle upon Tyne enjoys a highly strategic position, located approximately 260 miles north of London, 100 miles south of Edinburgh, and 100 miles north of Leeds.
The property is only a short walk from Newcastle Central Railway Station, a key junction on the East Coast Main Line that provides regular, direct services connecting Edinburgh and London.
Furthermore, Newcastle International Airport is conveniently situated just 7 miles northwest of the city centre, offering daily flights to a wide selection of major domestic and European destinations.
Newcastle boasts the Metro System, which is England’s only underground rail network outside of London. This comprehensive system features 60 stations across the North East, efficiently linking the city centre to areas like Sunderland, South Shields, and Newcastle Airport itself.
Academically, Newcastle is vibrant, supported by two major universities. Newcastle University, a prestigious Russell Group member, attracts around 18,000 students from over 100 countries. Northumbria University, with its centrally located campus, welcomes approximately 33,000 students from more than 125 nations. Both institutions have recently invested in campus expansion, significantly enriching the city’s academic profile.
SITUATION
The property enjoys a highly central location on Clayton Street, sitting prominently at the junction with Fenkle Street. This position places it directly opposite the modern Hotel Indigo and immediately adjacent to the vibrant Chinatown district, ensuring exposure to a diverse mix of commercial, leisure, and professional foot traffic.
It sits a short distance from NX Newcastle (formerly the O2 Academy),
a significant entertainment destination. Monument and St James Metro Stations are the nearest major rail links, providing efficient transport across the region, while swift pedestrian access is also available to Newcastle Central Station. The property is only a short walk from key shopping destinations, including the main entrances to Eldon Square and The Gate.
Richer Sounds and Ladbrokes are located on adjacent corners, alongside national institutions, popular eateries, and service providers. The location benefits from a strong daily volume of pedestrian traffic, making it a prime spot for retail and business activity. With music venues, bars and nearby restaurants, the location is also a popular amongst students.
MAJOR REGENERATION UNDERWAY IN NEWCASTLE CITY CENTRE
A substantial program of major developments is currently reshaping Newcastle city centre. This significant investment is projected to drive a considerable increase in the daily working population, which is inevitably set to boost demand for city centre retail and leisure operators, and simultaneously heighten the need for residential accommodation.
Bank House
A prominent 14-storey tower, Bank House offers extensive high-quality office space and impressive city views. Completed as one of the earlier phases of the Pilgrim Street regeneration, it was reported to be substantially let by early 2025.
HMRC Regional Hub (Pilgrim Quarter)
The anchor of the Pilgrim Quarter is a vast, modern office complex designated as the new regional centre for HM Revenue and Customs (HMRC). This facility is expected to house approximately 9,000 staff, making it the largest of HMRC’s regional hubs. The building structure is advancing well, with handover for internal fit-out due towards the end of 2025. Staff are anticipated to begin moving in from 2027 under a long-term lease agreement.
Pilgrim Street Fire Station
The historic Grade II listed former fire station is being sensitively redeveloped into a boutique hotel offering up to 60 bedrooms, complete with ground-floor food and beverage facilities.
Pilgrim Place
This component of the development introduces two high- specification office buildings. Pilgrim Place 1, which offers substantial office capacity, has been secured by the Department for Work and Pensions (DWP) for a new Service and Support Centre, slated to open in 2027. The adjacent Pilgrim Place 2 provides further high-quality office opportunities for commercial tenants and will be complemented by a new public square.
DESCRIPTION
This Grade II Listed property comprises a prominent corner end terrace building arranged over basement, ground and three upper floors. The building dates from the Georgian period and is of brick construction behind an attractive stone façade.
The ground floor and basement space is arranged to provide a hot food takeaway restaurant trading as Dream Burger, whilst the upper floors are arranged to provide three 4-bedroom apartments.
Additional information
- Service charge
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- Business rates
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- Use class
- Sui Generis
- Listed building
- Yes
- Floors in building
- 3
- Business for sale
- No
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Environmental data
- BREEAM rating
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Clayton Street, Newcastle Upon Tyne
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