Prime multi-let Grade A office investment in central Newcastle upon Tyne, let to an exceptionally defensive covenant base of government bodies, listed banks, Big-4 LLPs and global consulting practices.

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Prominent location on Gallowgate at the head of St James' Boulevard, immediately neighbouring Newcastle Helix, the £350m, 24-acre innovation district at the heart of the city, home to Newcastle University's National Innovation Centres for Data, Ageing and Energy Systems and a fast-growing cluster of science, tech and professional occupiers.

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Excellent connectivity within the city's prime office quarter:

• Newcastle's retail and leisure core on the doorstep
• St James Metro immediately opposite
• Newcastle Central Station an 8-minute walk

Comprehensively refurbished to provide 83,712 sq ft (NIA) of office accommodation across two interconnected wings (East and West) over ground and seven upper floors.

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EPC rating of B48 following an extensive refurbishment programme.

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Income: currently producing £2,120,664 per annum from 10 tenants, reflecting an average rent of £25.14 per sq ft.

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Exceptional tenant covenant base, with income secured from key tenants including:

• The Secretary of State
• Ove Arup & Partners
• UBS
• Handelsbanken Plc
• Ernst & Young
• Burnetts Solicitors LLP

Attractive WAULT: 6.5 years to expiry and 4.3 years to break.

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Reversionary to circa £2,290,689, offering the ability for further yield enhancement.

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Rental growth: prime Newcastle upon Tyne headline rents are expected to achieve £40.00 psf in early 2027.

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