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Picture House-Team Valley Trading Estate Queensway 10,877 sq ft Office Property Gateshead NE11 0NX £1,500,000 (£137.91/sq ft)

Matterport 3D Tour

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INVESTMENT HIGHLIGHTS

  • Purchase a self-contained contemporary office arranged over two floors, offering stunning office accommodation in an attractive HQ-style property.
  • Enter the building through the prestigious reception area, complete with lavatory facilities, a kitchen, and staff welfare facilities.
  • Achieve Net Zero Carbon for businesses in the near future with various green credentials incorporated throughout the upgrade.
  • Built as a cinema in the 1930s, the space has since been upgraded offering open-plan offices, meeting rooms, and functional mezzanine space.
  • This adaptable space offers the ideal opportunity to modify the office to suit any business requirement and align with brand identity.
  • Access the site from the nearby A1 Western Bypass with links to Newcastle upon Tyne, Gateshead, and the wider regional conurbation.

EXECUTIVE SUMMARY

Discover a unique opportunity to occupy a self-contained HQ-style office building in a landscaped setting in Gateshead. The building was initially built as a cinema in the 1930s, providing essential welfare amenities for the workers of Queens Park. The property has since undergone significant refurbishment (2006) to provide stunning, open-plan office accommodation, meeting rooms, and functional mezzanine space.

Enter the building via a prestigious reception area, complete with a kitchen, staff facilities, and laboratories, offering everything in one place. This flexible accommodation provides the ideal opportunity to adapt the space to suit all operational requirements and align with brand identity. Enjoy a host of green credentials, including extensive natural light, and take the first step toward achieving Net Zero Carbon in the future, alongside reduced occupation costs.

Join one of the UK's most successful commercial mixed-use business locations at Queensway in Team Valley. Take advantage of the site's prominence on the A1 Western Bypass, offering quick and easy links to Newcastle upon Tyne, Gateshead, and the wider regional conurbation. For those opting to travel via public transport, the site offers excellent bus service links with Gateshead Interchange and the Tyne and Wear Metro, providing efficient transport for visitors and staff.

Take a break from meetings and discover the diverse range of amenities nearby, including Maingate to the north, providing retail, office, hotel, leisure, and restaurant facilities with occupiers Regis, HSBC, Greggs, O'Brien's, Finlay's Newsagents, Bathstore, FX Leisure Gym, and the Premier Inn. To the south of Team Valley is Retail World, a retail park with retailers M&S Food, Boots, Valley Parade Halfords, Wren Kitchen, TK Maxx, and Decathlon.

With flexibility, sustainability, and accessibility at the forefront of this property's offering, Picture House offers the ideal setting for forward-thinking occupiers.

MATTERPORT 3D TOUR

Ground Floor

SALE FLYER

MORE ATTACHMENTS

View the Brochure

PROPERTY FACTS

Sale Type
Owner Occupier
Property Type
Office
Tenure
Long Leasehold
Property Size
10,877 sq ft
Costar Property Class
B
Year Built/Renovated
1930/2006
Price
£1,500,000
Price per sq ft
£137.91
Tenancy
Single
Number of Floors
2
Typical Floor Size
5,439 sq ft
Plot ratio
0.25
Total Plot Size
0.99 ac
Parking
61 Spaces (5.61 Spaces per 1,000 sq ft Leased)

AMENITIES

  • Raised Floor
  • Kitchen
  • EPC - C
  • Reception
  • Roller Shutters
  • Central Heating
  • Demised WC facilities
  • Open-Plan
  • Partitioned Offices
  • Shower Facilities
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • CONDITION
  • AVAILABLE
  • Ground
  • 8,452 sq ft
  • Office
  • Full Fit-Out
  • Now

The property is a self-contained office building located in a landscaped setting in Gateshead. Originally constructed in the 1930s as a cinema serving the workers of Queens Park, it was extensively refurbished in 2006 to provide modern, open-plan office space with meeting rooms and a functional mezzanine level. The building includes a reception area, kitchen, staff facilities, and laboratories. The layout offers flexibility for a range of operational uses and can be adapted to meet specific business needs. The property benefits from strong sustainability features, including ample natural light, supporting lower running costs and future Net Zero Carbon goals.

  • 1st Floor
  • 2,425 sq ft
  • Office
  • Full Fit-Out
  • Now

The property is a self-contained office building located in a landscaped setting in Gateshead. Originally constructed in the 1930s as a cinema serving the workers of Queens Park, it was extensively refurbished in 2006 to provide modern, open-plan office space with meeting rooms and a functional mezzanine level. The building includes a reception area, kitchen, staff facilities, and laboratories. The layout offers flexibility for a range of operational uses and can be adapted to meet specific business needs. The property benefits from strong sustainability features, including ample natural light, supporting lower running costs and future Net Zero Carbon goals.

Space Size Space Use Condition Available
Ground 8,452 sq ft Office Full Fit-Out Now
1st Floor 2,425 sq ft Office Full Fit-Out Now

Ground

Size
8,452 sq ft
Space Use
Office
Condition
Full Fit-Out
Available
Now

1st Floor

Size
2,425 sq ft
Space Use
Office
Condition
Full Fit-Out
Available
Now

Ground

Size 8,452 sq ft
Space Use Office
Condition Full Fit-Out
Available Now

The property is a self-contained office building located in a landscaped setting in Gateshead. Originally constructed in the 1930s as a cinema serving the workers of Queens Park, it was extensively refurbished in 2006 to provide modern, open-plan office space with meeting rooms and a functional mezzanine level. The building includes a reception area, kitchen, staff facilities, and laboratories. The layout offers flexibility for a range of operational uses and can be adapted to meet specific business needs. The property benefits from strong sustainability features, including ample natural light, supporting lower running costs and future Net Zero Carbon goals.

1st Floor

Size 2,425 sq ft
Space Use Office
Condition Full Fit-Out
Available Now

The property is a self-contained office building located in a landscaped setting in Gateshead. Originally constructed in the 1930s as a cinema serving the workers of Queens Park, it was extensively refurbished in 2006 to provide modern, open-plan office space with meeting rooms and a functional mezzanine level. The building includes a reception area, kitchen, staff facilities, and laboratories. The layout offers flexibility for a range of operational uses and can be adapted to meet specific business needs. The property benefits from strong sustainability features, including ample natural light, supporting lower running costs and future Net Zero Carbon goals.

ABOUT GATESHEAD FRINGE

Gateshead, together with the city of Newcastle upon Tyne, forms the heart of a contiguous urban conurbation of over 1 million people. Gateshead and Newcastle are connected both geographically, via seven bridges across the River Tyne, and economically through the Newcastle Gateshead Initiative, which aims to drive inward investment to the area and the wider North East of England region.

The cost of occupying office space in Gateshead Fringe is significantly cheaper than in the town’s main business district or in central Newcastle. As well as a wealth of affordable office options, incoming tenants to Gateshead Fringe enjoy relatively affordable labour (wages in Gateshead are 12% below the national average) and proximity to major business and shopping destinations at Team Valley and the Metrocentre.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2022 Population
25,957
204,076
490,468
2022 Households
12,127
88,171
215,270
Average Age
41
38
39
Median Household Income
£40,538
£35,944
£37,805
Daytime Employees
20,042
147,778
241,554
Total Businesses
2,739
17,244
30,170

NEARBY AMENITIES

RESTAURANTS

Subway - - 7 min walk
Greggs - - 7 min walk

RETAIL

FedEx UK Business/Copy/Postal Services 7 min walk
HSBC Bank 8 min walk
Booker Group Other Retail 9 min walk

SALE ADVISOR

SALE ADVISOR

Kevan Carrick, Partner
Kevan Carrick is a Partner of J K Property Consultants. He has over 40 years of experience in delivering regeneration and mixed-use development, preparation of master plans, viability, and structuring development agreements and options. He has dealt with many acquisitions and disposals of commercial property and land. Kevan is a mediator with almost 30 years of experience in the resolution of commercial and property disputes, as well as an arbitrator, an independent expert, and an expert witness in commercial property disputes.
  • Listing ID: 29704320

  • Date on Market: 04/10/2023

  • Last Updated:

  • Address: Queensway, Gateshead NE11 0NX

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