News

Newcastle City Centre Investment Sold for Intu

We are very pleased to confirm that in June 2020 Johnson Tucker sold this attractive mixed use investment property located in the heart of Newcastle City Centre on behalf of Intu.

1 Old Eldon Square is prominently positioned in the heart of Newcastle City Centre, very close to Eldon Square and is in amongst Newcastle’s vibrant leisure scene and shopping scene. The ground floor is let to the undoubted covenant in Greggs Plc with a further 4 floors of vacant space totalling in excess of 6,000 sq ft, providing an opportunity to add future value.

The property was sold by investment agent and partner at Johnson Tucker, Daniel Capobasso who commented on the transaction “despite the current global economic climate and widespread market uncertainty we were extremely pleased to sell this investment at the asking price, after receiving a number of bids – it shows that there is still a good appetite for well positioned investments in Newcastle city centre”.

If you would like more information on this sale or any other investments listed on our website please contact Daniel Capobasso on 07968 618 948 or email danielc@johnsontucker.co.uk. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities.

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