Log In/Sign up
Your email has been sent.
Wallsend Town Hall High St E 30,000 sq ft 100% Let Office Property Wallsend NE28 7AT £2,795,000 (£93.17/sq ft) 11.70% Net Initial Yield



Investment Highlights
- Prestigious serviced office building for sale
- Grade II listed building
- Fully let to multiple tenants since 2015
- Total net internal floor area of 2,311m² (24,882ft²)
- 50 modern office suites (2-30 desks)
- Current gross rent of £402,336 per annum
Executive Summary
The subject property comprises an attractive, detached, two storey traditional former town hall with court, which has been entirely redeveloped in recent years to create a serviced office business centre.
The accommodation has a cellular arrangement and there are 50 furnished offices. The reception area at the Town Hall has been fitted with a luxurious carpet that feels thick underfoot. The Grand Staircase greets both guests and staff alike as you enter the main reception. The restrooms have been refurbished to a high standard throughout. Each area has its own fully modernised kitchen for coffees, teas and food and all have integrated dishwashers.
The luxury fixtures and fittings continue throughout the building, not just in the reception. The Town Hall retains all of its beautiful original stained glass windows. The decorative plasterwork of the chamber has been painstakingly restored to original condition. The Town Hall is one of the finest buildings in North Tyneside and provides a comprehensive range of facilities amidst classical baroque architecture. Each room is flooded with light and the grand proportions create a tremendous sense of scale and purpose.
The accommodation has a cellular arrangement and there are 50 furnished offices. The reception area at the Town Hall has been fitted with a luxurious carpet that feels thick underfoot. The Grand Staircase greets both guests and staff alike as you enter the main reception. The restrooms have been refurbished to a high standard throughout. Each area has its own fully modernised kitchen for coffees, teas and food and all have integrated dishwashers.
The luxury fixtures and fittings continue throughout the building, not just in the reception. The Town Hall retains all of its beautiful original stained glass windows. The decorative plasterwork of the chamber has been painstakingly restored to original condition. The Town Hall is one of the finest buildings in North Tyneside and provides a comprehensive range of facilities amidst classical baroque architecture. Each room is flooded with light and the grand proportions create a tremendous sense of scale and purpose.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
30,000 sq ft
Costar Property Class
C
Year Built/Renovated
1908/2014
Price
£2,795,000
Price per sq ft
£93.17
Yield
11.70%
NOI
£327,022
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
15,000 sq ft
Amenities
- Security System
- Reception
1 1
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Wallsend Town Hall | High St E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
