Wallsend Town Hall High St E 30,000 SF 100% Leased Office Building Wallsend NE28 7AT $3,736,781 ($124.56/SF) 11.70% Cap Rate

The subject property comprises an attractive, detached, two storey traditional former town hall with court, which has been entirely redeveloped in recent years to create a serviced office business centre.
The accommodation has a cellular arrangement and there are 50 furnished offices. The reception area at the Town Hall has been fitted with a luxurious carpet that feels thick underfoot. The Grand Staircase greets both guests and staff alike as you enter the main reception. The restrooms have been refurbished to a high standard throughout. Each area has its own fully modernised kitchen for coffees, teas and food and all have integrated dishwashers.
The luxury fixtures and fittings continue throughout the building, not just in the reception. The Town Hall retains all of its beautiful original stained glass windows. The decorative plasterwork of the chamber has been painstakingly restored to original condition. The Town Hall is one of the finest buildings in North Tyneside and provides a comprehensive range of facilities amidst classical baroque architecture. Each room is flooded with light and the grand proportions create a tremendous sense of scale and purpose.