Partner Article
Neglected Newcastle city centre ‘hidden gem’ comes to market
A rare slice of real estate is up for sale in Newcastle city centre, a stone’s throw away from Northumberland Street.
The 6,189 sq ft site on Vine Lane sits close to the Northumbria University campus and backs directly onto the City Hall and City Pool.
Various proposals were discussed during the mid-20th century for the plot, including using the site as an extension to the City Pool next door although none were ever implemented.
The site, presently unused, was bought in 2013 by leisure charity Fusion Lifestyle as part of its purchase of two other Newcastle landmarks, Newcastle City Hall and Newcastle City Pool and Turkish Baths.
A guide price isn’t available for the plot although prospective buyers are being invited to submit sealed bids for the site, according to property consultancy Sanderson Weatherall.
Speaking of the land, Sanderson Partner Kevin McGorie said: “This really is a hidden gem in the heart of Newcastle.
“It would be superb to see a buyer put this neglected city-centre site into productive use.
“It’s in a fantastic location and is close to the busiest shopping street in Newcastle, meaning it is great for footfall.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
A year of resilience, growth and collaboration
Apprenticeships: Lower standards risk safety
Keeping it reel: Creating video in an authenticity era
Budget: Creating a more vibrant market economy
Celebrating excellence and community support
The value of nurturing homegrown innovation
A dynamic, fair and innovative economy
Navigating the property investment market
Have stock markets peaked? Tune out the noise
Will the Employment Rights Bill cost too much?
A game-changing move for digital-first innovators
Confidence the missing ingredient for growth