Newcastle upon Tyne, Jesmond Three Sixty
Newcastle upon Tyne, Jesmond Three Sixty

 
LOCATION
Jesmond Three Sixty is a high profile new development adjacent to Jesmond Metro Station.  The scheme is on Jesmond Road (A1058) which leads directly to the A167(M) central motorway.  
 
The property is therefore within easy walking distance of Newcastle City Centre, both Universities and the retail and leisure facilities in Jesmond.  The scheme currently incorporates the established As You Like It restaurant and the Holy Hobo.  
 
DESCRIPTION
Jesmond Three Sixty is undergoing a comprehensive redevelopment, conversion and refurbishment to provide a significant mixed use scheme providing the following:-
 
300 residential apartments.
High specification office space covering 37,476 sq ft across four floors.
A 4/5 star hotel.
Ground floor retail space.
8 bar and restaurant units.
Health and Fitness/D2 leisure place.
A proposed 355 space multi story car park.
 
ACCOMMODATION 
The first phase of the scheme is now complete and comprises 80 luxury apartments including three ground floor units totalling 10,203 sq ft.  There is also a basement suitable for a gym of 11,600 sq ft in the block opposite.
 
The approximate floor areas are as follows:-
 
  Unit Type sq ft sq m
Unit 1  Restaurant  1,485  138
Unit 2  Restaurant  4,176  388
Unit 3  Restaurant  4,542  422
Unit 10 Gym (Basement) 11,603 1,078
 
TERMS
New effective full repairing and insuring lease is to be granted for a term to be agreed.
 
RENT
Upon application.
 
RATING
The premises will need to be assessed for rating purposes following their initial occupation.
 
SERVICE CHARGE
There will be a service charge in place to recover the costs of the landlord’s upkeep of the common areas and external structure of the building, figures available upon request.
 
VAT
All rents, premiums and purchase prices quoted are exclusive of VAT.   All offers are to be made to Gavin Black & Partners on this basis, and where silent, offers will be deemed net of VAT.  
 
EPC
An EPC rating will be calculated upon completion of the development.
 
MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
 
CODE OF PRACTICE
The landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales.  Alternative lease terms are available upon request.  A copy of the Code can be obtained from Royal Institute of Chartered Surveyors, 12 Great George Street, Parliament Square, London, SW1P  3AD, Tel: 0207 695 1535.
 

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Particulars