Newcastle City Centre Retail Investment Sale Completion

We are pleased to confirm the successful sale of this highly prominent city centre retail investment located at 4 Newgate Street / 77 Grainger Street, Newcastle, NE1 5JF, for a figure of £950,000.

The property is located on the corner of Newgate Street and Grainger Street, situated in the heart of Newcastle within a well-established shopping and leisure district. The location is in close proximity to Eldon Square, Newcastle's premier shopping centre.

The investment property comprises ground floor and basement accommodation , sub-divided into two retail units with a total floor area of 3,357 sq ft (311 sq m). The property comprises a total passing rent of £82,500 per annum from the two tenants; Unit 1 (4 Newgate Street) is let to The Play Cafe Limited, trading as Chilliflames, at £40,000 per annum , on a lease expiring on 14th September 2032. Unit 2 (77 Grainger Street) is let to MI Dickson Limited, trading as Dicksons, at £42,500 per annum , on a lease expiring on 28th April 2026.

After a long and complex transaction, the sale completed in December 2025.

"We were very pleased to manage this sale and secure a successful result for our client. This transaction highlights the continued investor demand for well-located, city centre assets"

Daniel Capobasso, Managing Director