One of the most prominent commercial sites on Gosforth’s High Street recently came on to the market, with the option of freehold or leasehold for sale.
The former Midland Bank is owned by a pension fund acting on behalf of estate agent Duncan Young of Sanderson Young who has relocated his very successful rare! brand into his regional headquarters at 95 High Street, in Gosforth, Newcastle.
The building has a unique architectural style and quality, with a small terrace to the elevation onto The Grove, along with a parking bay.
The former bank has previous planning permission for a first floor office extension which provides an attractive addition for investors looking for a special building on the main gateway between Newcastle city centre and Northumberland.
Duncan Young said: “We bought the freehold 17 years ago and it has provided a fabulous home to our business for many years, although with so many changes in estate agency taking place and the speed of communication now available through social media, fewer clients need to visit our premises.
“The larger building at 95 High Street accommodates a newly refurbished suite of offices for our rare! colleagues and Ashleigh, our manager, with her team are loving their new home.
“Clients are delighted with the move with many parking bays nearby and a fabulous coffee shop below providing a welcome drink to those who visit us. We look forward to meeting many of our past and current clients in our new boardroom to discuss their property requirements seven days a week.”
The former Old Bank is available for sale or lease through Sanderson Young on 0191 223 3500.