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Queens Gardens Business Centre 31 Ironmarket 6,936 SF 100% Leased Office Building Newcastle Under Lyme ST5 1RP $867,546 ($125.08/SF)

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INVESTMENT HIGHLIGHTS

  • The property is a Grade II Listed building, currently providing town centre serviced offices over three floors with private parking
  • Newcastle Bus Station is 0.2 miles and Newcastle offers excellent road links to the A500 (1 mile), M6 J15 (3 miles) and M6 J16 (7 miles).
  • The newly developed Newcastle Borough Council offices and Queens Gardens are located opposite, which provides public space.

EXECUTIVE SUMMARY

The property is a Grade II Listed building, currently providing town centre serviced offices over three floors with private parking for approximately 12 cars, the car park can be accessed from Ironmarket or Ryecroft. Adjoining the car park is a former public toilet block which does not form part of the property.
Internally, the property provides a reception area with a range of office suites and occupancy currently at 68%, subject to changes. The licence fees are inclusive of all costs with the exception of telephone charges, contents insurance and business rates.
Detailed planning consent was granted in 2008 (08/0072/FUL), extended in 2011, for conversion to ground floor offices and 6 apartments over 1st & 2nd floors. This planning has lapsed.

The property is located on Ironmarket at the entrance to the pedestrianised area of the town centre. The newly developed Newcastle Borough Council offices and Queens Gardens are located opposite, which provides public space. The subway system provides access from out of town onto Ironmarket and there are ample public car parks in close vicinity.
Newcastle Bus Station is 0.2 miles and Newcastle offers excellent road links to the A500 (1 mile), M6 J15 (3 miles) and M6 J16 (7 miles). Parking permits are available via Newcastle Borough Council for nearby public car parks. For further details contact the agent.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
6,936 SF
Building Class
B
Year Built
1820
Price
$867,546
Price Per SF
$125.08
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
1,734 SF
Building FAR
0.61
Lot Size
0.26 AC

AMENITIES

  • 24 Hour Access
  • Listing ID: 33245115

  • Date on Market: 9/20/2024

  • Last Updated:

  • Address: 31 Ironmarket, Newcastle Under Lyme ST5 1RP

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