* Leasehold
**Key Points**
* Asking Rent £35, 000 per annum. New efri lease available
* 283 apartments on upper parts with 500+residents
* Popular residential and office location for young professionals
* Effective Full Repairing & Insuring terms
* Subject to Contract
**Description**
The property provides a well configured retail sales area with solid concrete
flooring throughout, floor to ceiling glazed frontage providing copious
amounts of natural light to enter internally. The unit is currently in shell
specification awaiting tenant fit out works. Both stepped and ramp access is
available complying with dda regulations. The Forge often hosts several events
throughout the course of each year which a suitable operator could benefit
greatly from along with the circa 500+ residents on the upper floor apartments
which are 99% occupied. Parking is also readily available 24/7 at The
Stephenson Quarter car park situated directly opposite providing circa 360
spaces.
Newcastle upon Tyne is located in the Northeast of England and has an urban
area population of some 190, 000 persons. Newcastle is principally accessed via
the A1, A19 and A69. Newcastle Airport, 7 miles northwest of the City Centre,
provides international and domestic services. Sunderland is located 14 miles
to the southeast, South Shields 14 miles to the east and Carlisle 58 miles to
the west.
The subject property is situated on Forth Banks in Newcastle City Centre. The
location can be classified as a secondary retail pitch within the city centre
and sits directly opposite the newly developed Stephenson Quarter / Crown
Plaza Hotel. The location provides a mix of retail, office, leisure and
residential accommodation and benefits from excellent transport links being
only a short walking distance away from Newcastle Central Station.
The subject property forms part of The Forge residential development which
completed back in 2019 and accommodates circa 283 purpose built apartments
with a large proportion of residents being from international backgrounds. The
Forge offers high spec facilities throughout and provides 24 hour on site
concierge service, private gym and landscaped courtyard. Adjacent and nearby
occupiers include Mantra Thai Restaurant, Sachin's Indian Restaurant, West One
Office complex, Northumbria Police Station and The Stephenson Quarter amongst
numerous others

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