1. INVESTMENT
HIGHLIGHTS
• Prominent Corner
Position
in the heart of the city.
• High Quality
predominantly
refurbished office and
retail building.
• Fully let to Seven
quality tenants
• Income £268,110 per
annum
• £2.95m -net initial yield
of 8.6% after allowing
5.8% purchasers costs.
• Low Capital Value of
just £151 per sq ft.
COLLINGWOOD
H O U S E
3 Collingwood Street | Newcastle upon Tyne | NE1 1JW
City Centre multi-Let
mixed Commercial
Investment For Sale

2. LOCATION
Newcastle upon Tyne is the regional capital of the North East of
England within the urban district of Tyne and Wear. Newcastle
is well connected to all parts of the UK being adjacent to the A1
that links London with Edinburgh.
The East Coast mainline that links London Kings Cross
Edinburgh, Glasgow, Aberdeen and Inverness runs through the
city and provides 32 daily services to London with a journey
time of just 2 hours 50 minutes.
Newcastle International Airport benefits from direct flights
to London, Europe as well as other international destinations
including New York and Dubai.
Newcastle offers excellent retail facilities with shopping on
Northumberland Street and Eldon Square, and the metro Centre
out of town retail complex a short distance away.
Newcastle is home to a number of large scale office occupiers
including Sage, Greggs, Procter and Gamble and Virgin money.
All of the main banks and accountancy firms are located in the
City.
A1(M)
A1(M)
A194(M)
A69
A68
A68
A68
A688
A67
A689
A69
A691
A1
A19
A184
A1018
A179
A66
A174
A19
A689
Whitley Bay
Newcastle
upon Tyne
South Shields
Sunderland
Washington
Durham
Hartlepool
Middlesbrough
Darlington
Cramlington Seaton Sluice
Gateshead
Consett
Bishop
Auckland
Newton
Aycliffe
Sedgefield
Peterlee
Seaham
Houghton
le Spring
Newcastle
Central
St James
Monument
Manors
Manors
Melbourne St
Gallowgate
Clayton
St
A186A167(M)
Neville St
StJame’sBlbd
THEATRE ROYAL
NEWCASTLE
A186
River
Tyne
Gateshead
Millennium
Bridge
Sage Gateshead
Wellington St
A186
M
M
M
M
A1 Gosforth
South/A1
COLLINGWOOD
H O U S E
Time Central/Welbar House
Eldon Square Shopping
55o North
Quayside
Centre for Life
Newcastle Central Station
Stephenson
Quarter
Grey Street
m
m
m
Central Square
COLLINGWOOD
H O U S ECH
CH
CH
CH

3. SITUATION
Collingwood House is located within the heart of the Newcastle’s
commercial centre, at the corner of Collingwood St and St
Nicholas Street, close to Grey Street. It sits opposite the Cathedral,
one of Newcastles more iconic buildings. The area has become
one of the City’s prime leisure locations and offers a cosmopolitan
mix of bars, restaurants as well as office accommodation.
Newcastle Central Station and Metro Transport systems are just
two minutes to the west of the property where the streetscape
has been recently upgraded outside Central Station in a £20m
improvement project.
DESCRIPTION
Collingwood House comprises a prominent corner building
offering two retail units over ground and basement and 6 upper
floors with independent access from the street.
The stone clad building dates from the 1970’s. The retail units are
contained within regular shaped units. The offices are accessed by
way of a recently refurbished entrance lobby with a new lift.
The suites, many of which have been refurbished by the landlord
prior to occupation, are essentially open plan and air conditioned
with W/c facilities within the demise. Kitchenettes are also
provided within each suite.
TENURE
Freehold
TENANCY SCHEDULE
Unit Floor
AreA
Tenants
information
Lease Terms Rent (pa) Comments
Part B and GF 2,244 sq ft
(1,275 sq ft G
969 sq ft B)
Subway Realty Limited 15 years
Expiring
16th Feb 2020
£35,000 Rent Review 17th Feb 2015
Notice Served, Sublet to a franchisee
Part B and GF 1,350 sq ft
(826 sq ft G
526 sq ft B)
I Ozcan and K Guclu 10 years expiring
10th July 2015
£15,500
1st Floor 2,847 sq ft Pearson Professional
Assessments Limited
5 years expiring
31st Sept 2019
£40,000 Tenants break 1st Oct 2017
2nd Floor 2,847 sq ft Randstad CPE Limited 10 years expiring
26th Jan 2020
£43,110 Tenant has 3 months’ rent free from 24th
March 2015, vendor will top up.
3rd Floor 2,847 sq ft Murgitroyd and
Company Limited
10 years expiring
7th April 2021
£46,000 Rent £44,000pa to April 2015. Rent
review and Tenants break 8 April 2016
4th Floor 2,847 sq ft Simpson and Marwick
Solicitors LLP
10 years
Expiring
26th March 2022
£34,500 Rent review and tenants break on 1st
April 2017. Service charge capped –cap
increases annually with RPI
5th and 6th
Floor
4,588 sq ft Frank Recruitment
Group Limited
with Nigel Frank
International Limited
as Guarentor
6 years
Expiring
5th June 2020
£54,000 Rent review and tenants break 5 June
2017. If break not exercised tenant
benefits from an extra 3 months rent
free.
TOTALS 19,570 sq ft £268,110 pa.

4. MARKET CONDITIONS
There is a dwindling supply of office space the heart of
Newcastle. In 2014, just under 800,000 sq ft of office space
was let across the Newcastle central and wider north east
market in 158 transactions. The diminishing availability of
available office space is likely to drive rental growth, see
tenants incentives reduce and lease lengths and terms improve.
Collingwood House specifically is in an area clustered by
Recruitment Agencies and Solicitors. We have noticed a strong
and improving demand generally and also specifically from
this sector.
EPC’S
Available on request
TENANTS
VAT
The property has been elected for VAT and therefore we would
expect the investment will be treated as a transfer of a going
concern (TOGC )
PRICING
Offers in excess of £2.95m (Two million nine hundred and fifty
thousand pounds) which shows a net initial yield of 8.6% after
allowing for purchasers costs of 5.8%.
Misrepresentation act
This property is offered subject to contract, availability and confirmation of details. These particulars do not form any contract and, whilst believed to be correct, parties are recommended to satisfy themselves as to their accuracy. The vendors, lessors or
reesdenton, or any person in their employment, cannot make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rentals quoted are exclusive of any Value Added Tax to which they maybe
subject. February 2015
TENANT Company
Registration
Number
Creditsafe
Credit Rating
ACTIVITIES
Subway Realty Limited
www.subway.co.uk
4174473 76 Very Low Risk Lease/ sublease arrangements with landlords
and franchisees who operate Subway sandwich
shops
I Ozcan and K Guclu Private individuals Café and hot food takeaway
Pearson Professional
Assessments Limited
www.pearson.com
049043251 87A Very Low Risk The provision of computer based testing services
Randstad CPE Limited
www.randstad.co.uk
01275025 90A Very Low Risk Second largest HR services provider in the world
Murgitroyd and Company Limited
www.murgitroyd.co.uk
SC144082 76A Very Low Risk Global Patent and Trade Mark Attorneys.
Simpson and Marwick Solicitors
LLP
www.simpmarllp.com
OC365821 79A Very Low Risk One of the UK’s premier litigation and dispute
management firms with offices in Newcastle,
Edinburgh and Leeds.
Frank Recruitment Group Limited
Nigel Frank International Limited
www.nigelfrank.com
08473608
05985779
67B –Low risk
67B –Low risk
The global leader in Microsoft Recruitment with
offices all over the world.
Fergus Laird BSc FRICS
Mobile:
07768 063109
Office:
0191 211 1561
Email:
ferguslaird@naylors.co.uk
VIEWING