The evolution of the North East coast leisure market

Published on: 22nd February 2017

The evolution of the North East leisure market has been gaining pace for some time, but perhaps the most striking aspect has been the revolution of the Coast, which has restored its reputation as a hotbed of food, drink and entertainment opportunities. David Downing, partner in our North East valuation team shares his views on the resurgence of the leisure market on the North East coast.

North Shields, Tynemouth and Whitley Bay are together witnessing a resurgence, with new venues opening, others being brought back to life, and many adapting their offering to cater for changing tastes, particularly the move towards food-led venues.

In North Shields, the redeveloped Royal Quays has seen the popular Herb Garden open its second North East restaurant, adding a further dimension to the marina and taking advantage of the waterfront setting with outdoor seating to cater for consumer demand.

Further up the coast, Whitley Bay is currently undergoing a £36 million seafront redevelopment covering a stretch between St Mary’s Lighthouse and Cullercoats Bay, which is designed to restore the area to its former glory after years of declining footfall.

Since the announcement of the funding in 2015, a number of restaurant, pub and bar owners have flocked to the area, including Andy Hook, who launched Hinnies restaurant on East Parade, serving traditional North East food in a contemporary setting; an indication of how proprietors are striking the balance.

A key focus of the investment includes the revamp of the Northern and Central Lower Promenades and the bolstering of sea defences to boost the aesthetic appeal. The historic Spanish City Dome is also being renovated and will become a wedding and conferencing venue with tea room, fish and chip takeaway and seafood restaurant.

Next door, a new 68-bedroom Premier Inn is being built and is set to open in June this year, while All Saints Living is behind the £1.25 million redevelopment of Newquay Lodge on Whitley Bay’s South Parade, which will see it become Hotel 52, a contemporary 32-bedroom establishment with a South American-themed restaurant.

The redeveloped Briar Dene pub is also set to reopen in this spring, with the Sir John Fitzgerald Group venue having undergone extensive refurbishment. We have been involved in the project and have seen first-hand how the whole area is being transformed to cater for evolving tastes; something that the Briar Dene is aiming to be a key part of.

The reopening of the venue, alongside the continued investment by North Tyneside Council, will aim to supplement the local authority’s goal of attracting more visitors to the area through high quality leisure opportunities.

A similar approach has been taken at Tynemouth, which now has a number of well-established venues. The key to success has been to cater for all tastes, which is why the chic and modern Allards Lounge, Lola Jeans and Barca Art Bar sit alongside traditional pubs such as the Cumberland Arms, Salutation Inn, Hugo’s at the Coast and the craft beer venue The Head of Steam.

Similarly, Longsands Fish Kitchen and Davant’s are supplemented by Lui’s and Ora, offering something for all palates – something not lost on those who operate the venues, which continue to strike the balance between the past, present and future.

The resurgence is in evidence up and down the coast, with the former Gandhi’s Temple on Sea Road, South Shields undergoing a £1 million conversion into Colmans Seafood Temple, serving local catches. Meanwhile, proposals have been submitted for a £4 million, 30-bedroom hotel in Amble to develop the town’s tourism offer.

The coastal leisure scene in the North East is thriving, and with investment ongoing, almost every month sees the opening of new pubs, bars and restaurants to further bolster the food, drink and entertainment offer for locals and visitors alike.

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Leisure Agency

Sanderson Weatherall’s experienced and qualified team of licensed and leisure property professionals specialise in the valuation, sale, acquisition, rent review, inventories, rating, surveys and licensing of pubs, hotels, clubs, guest houses, restaurants, night clubs, holiday and caravan parks, and leisure properties. Advising a number of developers, owners and occupiers across the UK, we value, survey or negotiate the rent on over 700 pubs, hotels, guest houses, clubs and restaurants each year, with an approximate overall value of £225m. We have wide-ranging experience of the sale and acquisition of licensed and leisure property working on behalf of both private and corporate clients, insolvency practitioners, brewers and banks. Contact Us  

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Sanderson Weatherall’s experienced and qualified team of licensed and leisure property professionals specialise in the valuation, sale, acquisition, rent review, inventories, rating, surveys and licensing of pubs, hotels, clubs, guest houses, restaurants, night clubs, holiday and caravan parks, and leisure properties.

Advising a number of developers, owners and occupiers across the UK, we value, survey or negotiate the rent on over 700 pubs, hotels, guest houses, clubs and restaurants each year, with an approximate overall value of £225m.

We have wide-ranging experience of the sale and acquisition of licensed and leisure property working on behalf of both private and corporate clients, insolvency practitioners, brewers and banks.

Contact Us

 

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Leisure Property Services

Our leisure team provide leading industry services to businesses working in leisure. Our in depth knowledge of the industry means we can deliver bespoke property solutions based on what you need to maximise on your business’s potential. Whether you’re a developer, owner or occupier, we work with hotels, leisure clubs, restaurants, bars, pubs and holiday parks to support you in making your business a success. Putting experience first with market leading Leisure property services Our leisure property solutions cover all elements of your property needs, including finding you the right property, designing the perfect property to enhance your customer’s experience, supporting you in negotiating your lease or business rates, and valuing your property or business assets. Contact our leisure team and let us develop your bespoke property solution, with your business right at the heart of it. Contact Us

Read More....

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Our leisure team provide leading industry services to businesses working in leisure. Our in depth knowledge of the industry means we can deliver bespoke property solutions based on what you need to maximise on your business’s potential.

Whether you’re a developer, owner or occupier, we work with hotels, leisure clubs, restaurants, bars, pubs and holiday parks to support you in making your business a success.

Putting experience first with market leading Leisure property services

Our leisure property solutions cover all elements of your property needs, including finding you the right property, designing the perfect property to enhance your customer’s experience, supporting you in negotiating your lease or business rates, and valuing your property or business assets.

Contact our leisure team and let us develop your bespoke property solution, with your business right at the heart of it.

Contact Us

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Unique waterfront leisure opportunity at Royal Quays Marina, North Shields

We have been appointed to bring a new café-bar/restaurant venture to the award-winning Royal Quays Marina, North Shields. The unique 1,863 sq ft proposed development has full planning consent and is situated in the Albert Edward Dock, in an area considered by many to be the North East’s finest boating location. The building is attractively designed with the aim of bringing a high-quality café-bar/restaurant operator to the area, and the development also includes an extensive outdoor seating area.

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We have been appointed to bring a new café-bar/restaurant venture to the award-winning Royal Quays Marina, North Shields.

The unique 1,863 sq ft proposed development has full planning consent and is situated in the Albert Edward Dock, in an area considered by many to be the North East’s finest boating location. The building is attractively designed with the aim of bringing a high-quality café-bar/restaurant operator to the area, and the development also includes an extensive outdoor seating area.

[fulltext] =>

Quay Marinas’ managing director, Simon Haigh, said: “This is a prime waterfront location with an established customer and visitor base, which will benefit enormously from a high-quality café-bar/restaurant providing the main focal point to the Marina and surrounding area. We are keen to work with a potential partner to ensure that the new business will be a huge success.”

We are offering prospective tenants new lease terms on a prelet basis, at a proposed rental of £26,000 per annum exclusive. The unit is designed to shell to receive tenants fit out and at the moment there is the opportunity to add requirements on to the base build specification.

Simon added: “Thanks to its unique waterfront location and the flexible terms we expect to see a great deal of interest in this site in a deal that benefits both parties.”

In addition to attracting thousands of tourists each year, the Royal Quays Marina has a current capacity for 350 berths plus 100 boats ashore, with the potential to accommodate 500 berths. It is an established destination for yachts and motorboats from the UK and overseas, with regular cruises from Holland, Denmark, France and Germany.

There are over 1,000 residential properties on the Royal Quays site, with works due to commence on the adjoining Smiths Dock development imminently, which will bring a further 800 homes to the area and provide improvements to transport links.

Commenting on the opportunity, our head of commercial agency in Newcastle, Robert Patterson said: “This is a popular and busy waterfront area that is not currently well served with leisure venues, which is why this is such a fantastic opportunity. We are positive that a café-bar/restaurant at this location will be a success with both local residents and tourists, and with the flexible terms offered we believe that this development is sure to be of interest to the regional leisure market.”

Contact Us

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