5-7 Collingwood St 9,411 SF 100% Leased Office Building Newcastle Upon Tyne NE1 1JE $1,668,870 ($177.33/SF)

SUMMARY
A rare opportunity to acquire a freehold development asset in the heart of Newcastle city centre, on the prime ‘Diamond Strip’ leisure and commercial pitch, adjacent to Newcastle Cathedral and within a two-minute walk of Central Station.
The building is a Grade II listed mid-terrace property of stone façade and brick construction, arranged over basement, ground, and four upper floors totalling 874.37 sqm (9,411 sq ft).
The upper floors are available with full vacant possession, providing immediate value-add potential through refurbishment or conversion.
INVESTMENT SUMMARY
Rare freehold city centre acquisition opportunity
Grade II listed building of significant architectural character
9,411 sq ft across six levels; basement to fourth floor
Full vacant possession of upper four floors, ready for immediate redevelopment
Ground floor & basement let to Quayside News at £20,000 pa (10-year lease from March 2025)
Positioned on the prime Diamond Strip; Newcastle's leading leisure and commercial pitch
Two-minute walk from Newcastle Central Station (Metro & East Coast Mainline)
Capital value of just £133 per sq ft
Not VAT elected
EPC Rating C