A former cocktail bar has been put up for sale, offering investors the chance to transform the empty property into a new venture to join the regenerated Newcastle Quayside community.
Knight Frank, acting jointly with Buckley Burnett, is bringing the former Flynn’s Bar, Quayside, Newcastle upon Tyne, to the market as an opportunity for a prime river frontage leisure, retail or office opportunity.
The former Flynn’s building at 63 Quayside offers 2,615sqft over five floors.
“It is at the very heart of the renaissance of Newcastle Quayside,” said Patrick Matheson, partner, agency, Knight Frank.
“Live Theatre is looking for a high quality operator for this well-known address to complement the Live Works office development and its high quality operations that are already present in this stunning location.”
The Grade II listed premises are offered to lease at £45,000 per annum as a shell or alternatively Live Theatre would consider a joint venture approach.
“The Quayside has gone through a fantastic renaissance with a number of high quality bars, restaurants and cafes opening and there is now once again a real buzz and vitality in what is a very special location.
Mr Matheson: “Flynn’s offers a superb opportunity with prime river frontage and we are already seeing a great level of interest in this building.”
Work is underway on Live Theatre’s prestigious, Flanagan Lawrence designed, Live Works development which is directly adjacent to Flynn’s and is the first new speculative office scheme to start on Newcastle’s Quayside for over seven years.
The office development which will be ready to occupy in September this year, is also being marketed by Knight Frank and is part of £10m Live Works development by Live Theatre also creating a public park, performance space and children’s writing centre.