Newcastle Cathedral Buildings close to full occupancy a year after acquisition by Minel Group

The building - home to the famed Vampire Rabbit and Marco Polos restaurant - has just 1,900sqft of space left to lease

The vacant suite inside Cathedral Buildings, Newcastle
The vacant suite inside Cathedral Buildings, Newcastle

An historic office building set on one of the regions’s most popular streets is close to full occupancy less than a year after opening to new business tenants under new ownership.

Built in 1901 by Oliver, Leeson and Wood, Cathedral Buildings stands out as one of the most prominent mixed-use buildings on Newcastle’s Dean Street – previously voted the UK’s best street – set across 28,000sqft and six storeys, and it is also home to the famed Vampire Rabbit feature.

Minel Leisure has traded within the building as the Marco Polo Italian restaurant for more than 11 years.

And at the start of 2014, the restaurant’s directors, who run parent company Minel Group, acquired the entire building after approaching the owners and explaining their plans to refurbish the property.

Subsidiary business Minel Venues LLP now owns and manages the building – and having invested in excess of £100,000 on the interior, just one unit remains, offering 1,900sqft of space and unrivalled views over Newcastle city centre.

John Wade, one of the directors of Minel Group, which is also now based in the building, said: “When we purchased it some 12 months ago now, it was in need of some TLC and it needed some tenants.

Cathedral Buildings in Newcastle
Cathedral Buildings in Newcastle

“The office space above the retail on the ground floor was more than 50% empty when we took it on – but now have only one suite available, on the fourth floor with views over the Cathedral to the west and the River Tyne to the east.”

Existing tenants, such as RPS Group and ADP Architects, have renewed their leases for 10 years, and newcomers Begbies Traynor Group, Jambo Ltd, Linear Recruitment have also signed up, alongside Nicholson & Morgan who have taken space on the fifth floor.

Begbies Traynor will move into the new offices from Collingwood Street while Linear follow next month, moving from Mosely Street.

Other plans for the building include updating all of the WCs and incorporating showers as part of the Go Smarter to Work scheme, to encourage cyclists and runners.

The views from the vacant suite inside Cathedral Buildings, Newcastle
The views from the vacant suite inside Cathedral Buildings, Newcastle

New LED lighting is also being installed throughout the communal areas as well as new carpeting, plus the introduction of a new building directory incorporating the Vampire Rabbit.

Mr Wade added: “We only moved into the building in March of last year so we’re very pleased that we only have one office space left.

“We’re hoping it won’t be vacant for long and that the building speaks for itself.

“The big selling point is the East to West, floor to ceiling windows that let in so much natural light you don’t need to put the lights on.

“The views across the Tyne Bridge and Dean Street are fantastic too.

“The last empty office is 1,900sqft of stripped back space, ready for a new tenant to come and pick the colours and carpets they would like as finishing touches and move in.”

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