Acting on behalf of private clients, we are delighted to have completed the sale of 111-115 Grainger Street, Newcastle.
The property is situated in a prominent location on Grainger Street, one of the main City Centre thoroughfares between Newcastle Central Station and Grey’s Monument with Northumberland Street and the Eldon Square Shopping Centre close by.
Forming part of a terrace of units fronting Grainger Market the property provides accommodation on ground and four upper floors. The property provides ground floor sales with first floor offices/staff facilities most recently occupied by Skipton Building Society, the premises are currently vacant. The remaining accommodation, being part first, second, third and fourth floors, has been converted to residential and provides at first floor level a 1 bed flat and on the remaining floors two 2 bed flats, giving a total of 7 tenanted flats.
We received a high level of interest in the property with numerous offered received, following a best bids process we are delighted to have achieved well in excess of the asking price of £990,000.
BHT acted as joint agents alongside Ian Angus of @Retail.
Clarion Solicitors acted on the sale on the landlords behalf.
For more information on our Commercial Agency services, please contact Tom Grimshaw – tom@bht.uk.com / 07827 965146.
