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Specialist Properties for sale in Seaton Sluice, UK

Newcastle City Baths and City Hall

Specialist for Sale
Price Upon Request
74,206 sq ft
2 Specialist Properties

Newcastle Upon Tyne Portfolio of properties for Sale

LEASE FOR SALE - EXPRESSIONS OF INTEREST BY 2 JUNE 2026 - c.115 Year Lease - City Hall & City Baths - Unique Opportunity of Landmark Building (c. 75,000 sqft) - New Operator Sought to Purchase Head Lease - Development Opportunity of Rear Building Key Features • Long leasehold interest – approx. 115 years unexpired • Substantial city centre leisure complex • Includes City Baths (pools, spa, Turkish baths), City Hall (concert venue) • New operator to purchase the head lease • Passing rent: £50,000 per annum • Underlease to Academy Music Group Ltd • Undertenant pays a rent in form of profit share agreement • Additional derelict school to rear – development potential (STP & consents) • Significant capital expenditure undertaken (approx. £5m over five years) • City centre location close to Northumbria University and major transport links OVERVIEW City Hall & City Baths comprises a landmark mixed use leisure and cultural complex in the heart of Newcastle upon Tyne. The Grade II Listed property includes a major concert venue, swimming pools, spa and Turkish baths, gym facilities, food and beverage areas, and a derelict school building with development potential. The whole property extends to approximately 75,000 sq ft and has benefitted from substantial investment, including the reopening of the pools, spa, gym and café/bar facilities. The property is operationally intensive but presents a rare opportunity to acquire a long leasehold interest with a very low passing rent relative to the scale of accommodation. The City Baths have been subject to c. £5m of renovation works and currently has c.1,000 members. There are significant opportunities to grow membership numbers and the upper floors are underdeveloped. The City Hall has a capacity of 2,640 is underlet to Academy Music Group Ltd with a profit share arrangement. Details can be found in the Buyer Pack. The derelict school to the rear is included within the lease and offers a separate development opportunity, subject to landlord consent and planning. The head lease is for sale on behalf of joint administrators and a new operator is sought to purchase the head lease and operate City Baths. LOCATION City Hall & City Baths occupies a prime city centre location and a prominent position on Northumberland Road, in the heart of Newcastle upon Tyne city centre, immediately adjacent to Northumbria University, Sport Central, and a wide range of civic, cultural and leisure amenities. The property sits within one of the most established and vibrant parts of the city, benefitting from strong footfall, excellent public transport links and proximity to major arterial routes. Newcastle Central Station is approximately 0.7 miles to the south west, with Manors Station around 0.3 miles to the south. Road links are strong, with the A167(M) (Central Motorway) circa 0.2 miles away, providing swift access to the A1(M) to the west and wider regional and national motorway network. The surrounding area includes university buildings, student accommodation, the O2 City Hall, Newcastle City Library, and a broad mix of retail, hospitality and cultural destinations. The location supports sustained demand from leisure operators, cultural organisations and destination led businesses. There are several major public car parks are located within a 1–4 minute walk, including NCP John Dobson Street (150m), Ellison Place (200m), Saville Place (250m) and Sandyford Square (350m). Additional multi storey and surface car parks are available within 500m, providing extensive short stay and long stay capacity for visitors and operators. FLOOR AREA City Baths - 3,565 m² / 38,374 sq ft City Hall - 2,754 m² / 29,643 sq ft Vine Lane School - 575 m² / 6,189 sq ft TOTAL - 6,894 m² / 74,206 sq ft RPRS have not measured the building and have been provided with these measurements. Purchasers must satisfy themselves and make their own investigations. THE LEASE Head Lease • Term: 1 April 2016 – 31 March 2141 • Approx. 115 years unexpired • Passing rent: £50,000 per annum • Use: Leisure facility and concert venue • Full repairing and insuring Underlease – City Hall • Tenant: Academy Music Group Ltd T/A O2 Academy • Term: 1 January 2019 – 21 March 2141 • Rent: Peppercorn + 50% profit share above £500,000 • Service charge and insurance payable annually • Tenant break: 25th anniversary • Internal repairing only BUYER PACK The Buyer Pack is available upon request and includes: • Leases • Floor plans • Compliance documents • Current membership details • F&F inventory • and more Information has been provided by current operator and buyers must check the documents and undertake their own investigations. SERVICES We understand the property has mains electricity, water, gas and drainage. There are substantial plant rooms. None of the plant and machinery have been tested and interested parties should make their own investigations. FIXTURES AND FITTINGS All fixtures and fittings are available by way of separate negotiation. EXPRESSIONS OF INTEREST INVITED Interested parties are invited to submit their expression of interest by 2 June 2026. GUIDE PRICE Offers Invited. VAT VAT may be applicable to the lease premium. Purchasers to make their own enquiries. EPC To be confirmed NOTE As this is an insolvency related sale, we have limited information available. Interested parties should make their own investigations on all matters.