Unique Freehold Newcastle City Centre Investment Acquired

Delta Capital Property Investment is pleased to announce the acquisition of a prominent mixed-use property on Side, Newcastle upon Tyne, in April 2025. 

The property is located in the heart of Newcastle city centre, overlooking the Quayside, very close to Newcastle’s iconic Tyne Bridge. Side is a notable street in Newcastle upon Tyne, known for its historical significance and vibrant atmosphere. The street is lined with a blend of architectural styles, reflecting Newcastle’s long history. Side is home to a variety of establishments, including quaint cafés, traditional pubs, boutique shops, and modern restaurants, making it a popular destination for tourists. 

The property comprises a unique Grade II listed opportunity comprising four distinct parts; Side Photographic Gallery, Cinema & Upper Floors, Bangrak Thai Restaurant and a holiday cottage entirely let generating fixed income of £54,720 per annum plus further holiday rental income from the cottage. 

Comprising around 9,000 sq ft over ground and three upper floors, plus holiday cottage and gardens to the rear, the property provides the purchaser with great potential for future redevelopment, particularly for residential accommodation. 

Daniel Capobasso, Delta Capital Property Investment acting for the purchaser commented: “Our client was extremely pleased to complete this transaction, providing them with some long -term income from very well established tenants, whilst giving the opportunity to add value through redevelopment in the future. It’s rare to find such as well-located city centre freehold asset that gives strong income and great scope for future growth”

Acting on behalf of the seller, Kristian Sorensen of GFW commented: "We were delighted to act for the seller of this unique property which had been in their ownership for nearly 50 years.  We are pleased to achieved a sale that works for all parties and wish our clients all the best in retirement."

Huge thanks also to Ricky Handa at Core Legal acting for the purchaser.