Exchange Buildings, Quayside, Newcastle Upon Tyne, NE1 3DW
The property is Grade II listed and comprises accommodation over the basement and four upper floors with a five storey section to the central southern portion of the building. The property has stone facades with stone balustrades, pillars and arches to the windows. The property is situated on the north bank of the River Tyne forming part of the Quayside area of Newcastle City Centre
The property has undergone a major redevelopment at the turn of the decade and now comprises a Premier Inn Hotel providing 136 en-suite bedrooms together with a Slug and lettuce public house and Bar 38.
The hotel part of the premises is let to Premier Inn Hotels Limited on an FRI basis for a term of 35 years, ending in 2034.
The area of the premises let to Bar 38 are occupied by Spirit Group Retail Limited for a term of 35 years again ending in 2034
The final part of the premises is let to Stonegate Pub Co. Limited t/a Slug & Lettuce on a FRI basis for a term of 16 years, ending in 2029.